Market Report for Temecula - Wolf Creek Homes for Sale - November 2012
Wolf Creek homes are just east of Pechanga and north of Great Oak High School, and west of Redhawk.
The market for homes for sale in Wolf Creek, Temecula, is showing fewer foreclosures, NODs (notices of default), and NOTs (notices of trustee sale). Short sales are still the norm, with homeowners who need to sell having to ask their lender to take less than (short of) what they owe. These transactions take a lot of extra time, so they command a marginally lower purchase price than standar sale homes, which are SFR Full Sales in the chart above.
It has also become a sellers market: multiple offers on any home that comes on the market (assuming a list price somewhere in the ballpark of current market prices, i.e., not so high that current comparable sales would not support it).
Here is the market for homes for sale in Wolf Creek. If you click the market report graphic, it will link you to a search for homes for sale in Wolf Creek, too.
Comments(1)