I hope you all had a fantastic Thanksgiving! Thanksgiving was great this year with my loved ones being able to see tons of great people over the holiday weekend. My kids greatly enjoyed an entire week off from school! I remember when I was young we only had Thursday and Friday off from school, what's going on with that?! But I digress. Sorry this update is later on in the month but I was stuck on the sofa attempting to work off all the food.
With next month right around the corner, let's see how the Temecula Real Estate market is doing:
- Total Number of Actively Listed on the Market - 352
- Average Home Listed Price - $ 347,567
- Number of Temecula Valley Houses Sold in October - 140
- Avg. Sold Temecula Home Price - $ 295,891
- Avg. Days on Market Before Sale - 81 Days
Wow, there isn't a whole lot of difference to evaluate at all! Overall, it is quite a mixed bag of the same statistics from the previous month. The active homes on the market dropped from 363 to 352, a minimal bump down. Additionally, the average Temecula Valley property list cost came down just over $7,000 from $354,700 to $347,567. So not a large difference when taking into consideration it is an average of all the houses listed.
Now we will get into the sold info and for the very first time I am seeing back to back months (September and October 2011) having sold the same amount of Temecula Valley real estate at 140 single family houses. Bear in mind, I pull a particular set of criteria because I think it best represents the fundamental real estate market. So we didn't see a difference at all in the quantity of Temecula homes sold. However, we did see an additional delay of 6 more days on the average days on market, which means they are spending a little longer time to sell.
Overall, a fairly vanilla report however also a good one given that we are not looking at a slowdown at this time. I did look at November closings and we are really close once again at 128. I am curious to see if we go past 140 in the next two days with the month closing.
Well, this is your November monthly trends report for Temecula real estate. I hope you all had an amazing Turkey day and you will be hearing from me once again in December!
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