Market Report for the Ranchos in Murrieta as of November 2012

*If you'd like your home to be listed for sale at the top of this page because it's in the Ranchos and you want it found by people searching the market for homes for sale in the Ranchos neighborhood of Murrieta, feel free to call me (Lisa Delzompo, 951-704-4559) for a free consultation on how to do that (unless you already have a realtor).*

The graphic below shows active, pending and sold in October 2012 for "The Ranchos" in Murrieta.  This neighborhood actually is just locally known as the Ranchos, as its entrances off Washington at Santa Fe do not have neighborhood name markers.  Driving through, you'll notice that these are large, single-story, ranch style homes with a Craftsman look and feel.  They are on large lots, and many have pools and views of the Santa Rosa Plateau.

The market report for the Ranchos shows it has become a seller's market with so few homes for sale in the market as of November 2012.  The Ranchos are getting multiple offers when they do come on the market, though lower summer prices keep prices now in check as appraisers have to use recent actual sold comparable homes in doing their appraisal reports.

You can click the graphic to search The Ranchos neighborhood and nearby on the west side of Murrieta. 

Refer a Loan Officer for Murrieta's The Ranchos Homes for Sale?

Experienced Realtors learn that their buyer clients will have an easier ride buying a home is one of their earliest moves is to get a Full Doc Preapproval from a trusted loan officer. When they see a loan officer do a loan with a competitive interest rate, in a timely fashion, with less than a usual amount of drama, Realtors take notice.  Over time, a Realtor gets to know and trust certain Loan Officers to do the right thing, Full Doc Preapproval as well as competitive fees, and so the Realtor refers you, the client, to the Loan officer.

A Full Doc Preapproval means, the Loan Officer requires the buyer to provide full documentation up front:

• Most recent 2 months' paystubs,
• Most recent 2 years' W2s,
• Most recent 2 years' tax returns, and
• Most recent 2 months' bank statements.

The Loan Officer takes that information and works up a whole file on the buyer, modeling out the purchase price, a conservative interest rate, average values for real estate taxes, home insurance, FHA MI or VA Funding Fee, etc.  Doing the full workup up front gives both the buyer and the real estate agent comfort in the buyer's ability to get that loan.

I will be writing a blog post soon on Beware of credit unions' Faux VA products that charge scam-like fees, with a sample from a recent "HomeBuyers Choice 30 Year" product from a common preferred credit union of military homebuyers.  In the meantime, heed the warning: make sure exactly what loan product the loan officer is using.  Ask questions and compare, so you don't pay a higher interest rate and massively higher fees.  Indeed, lean toward a loan officer that a real estate agent recommends, rather than a retail lender credit union or bank whose name is comforting but who IS selling you a retail product.

If you're looking for a Full Doc Preapproval on a VA, FHA, conventional, or USDA loan, feel free to contact me at 951-704-4559, or Lisa@DelzompoHomes.com.  I don't do "faux" loans. 

Murrieta "The Ranchos" - SOLD above $545,000 as of September 18, 2011

This is NEWS for The Ranchos in Murrieta, CA.  The former owner of a home on Holsted in Murrieta's Ranchos says her home sold last week at $550,000.  Yes, the buyer had a lot of cash.  The seller was an original owner, original buyer from the builder in 2004.  And now in 2011 she was able to sell above what market prices appear to be due to certain desirable features they added to the home, such as expanding the bedrooms that in her model used to be on the small side.  They also had added a pool house.  There was also another strategy in the pricing, to get to a price allowing a profit instead of a short sale.

This neighborhood in Murrieta - called the Ranchos, though there is no signage at the entry to the community - has dipped in value like the rest of the market here.  However, it consistently has few to no homes on the market for sale.  These are large, single story, ranch-style homes with high ceilings and open space floorplans. And when one comes on with extra amenities, it can go FAST!   

I have set a notifier for when the agent gets the home into the MLS with the sold data.

We will perhaps get a video tour if the owner's move timing allows. 

If you'd like a copy of this Sold comparable or a link to the video (if any), email me!  If you're an owner trying to figure out value, we'd be happy to help.  Call or email today for more information.

The market report for homes for sale in the Murrieta Ranchos is telling and a departure from most of the neighborhood markets in Murrieta and Temecula.  In this market, there is zero inventory, though 6 of these homes have been on the market for the past couple of months with 2 selling in May, zero closing sale in June, and now 4 pending sale.  Most other neighborhoods surrounding the Murrieta Ranchos

The Murrieta Ranchos are located off Washington Avenue in Murrieta, with the cross-street of Santa Fe.  The builder did not install a neighborhood name sign saying, The Ranchos.  Instead, the local population gave the name "The Ranchos" or "Murrieta Ranchos" to these large single-story ranch-style homes on large lots.

The homes for sale in the Murrieta Ranchos that are pending sale include 3 "short sales" and only 1 standard sale where market value will be enough to pay off any loan that the owner may have owed on the property.  In contrast, a "short sale" is one where the owner owes more on the home than the market value that it could be sold for, so the owner is asking his lender to take "short" of what is owed.  It is a long process usually, though with an experienced short sale agent you can sometimes time it so that you are the buyer who comes along right at the end of the process, and the original buyer either got tired of waiting, did something to disqualify themselves from buying, or moved on and bought another home. 

Given how tight this market is in terms of lack of homes for sale, I would recommend you set up an automated home search for the Murrieta Ranchos that will notify you immediately as soon as a home comes on the market for sale in the Murrieta Ranchos.

Of course, you can search without signing in (but without being able to narrow to neighborhood) at SandtoSeaProperties.com.  Or you can activate an account that would allow you to search by neighborhood and save your favorites in or near the Murrieta Ranchos.

Market Report for Homes for Sale in the Murrieta Ranchos 2010

     The Murrieta Ranchos comprise a community of large, single story ranch-style homes set well back from their quiet, tree-lined streets, many with plenty of room for RV storage.  They evoke a time in America's glory of white fences, fresh-mown grass and vintage ranch-style homes, mixed with a modern take on the theme: large kitchens with granite slab counters, tall ceilings, upgraded cupboards and tile, detached garages set back from the home "on display," and large yards perfect for a sparkling pool to entertain . 

     All of this is set against a dramatic background provided by the lush vegetation and mountain-like views of the Santa Rosa Plateau.  As for convenience to sthe freeway, the 15 freeway is approximately 5 minutes' drive to the Cal Oaks onramp.  For schools, the Murrieta Ranchos are less than a half mile's distance to Murrieta Valley High School (MVHS), less than 3/4 mile to Thompson Middle School.  Ralphs, Bank of America, Pizza Factory and Starbucks are a half mile to the North.

     For the year 2010, as of December 31, the MLS shows the following data for the market of homes for sale in the Ranchos of Murrieta, with photographs of a sampling of these lovely homes following the market data:

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THREE WAYS TO SEARCH HOMES FOR SALE IN THE RANCHOS OF MURRIETA:

       1. Search Murrieta anonymously, without providing contact information.

       2. Have us set up an automated search of homes in the Ranchos only, or homes otherwise meeting your specific criteria (we will not share your information outside our brokerage).

       3. Search homes for sale in the Ranchos, Murrieta, by clicking the following icon at our *new as of 2011* website, Homes-OffBase.com:

Market Report for Homes for Sale in Murrieta Ranchos - Search the Inland Empire tab .

The Murrieta Ranchos homes for sale are large, single-story, ranch-style homes on large lots on the west side of Murrieta. They were built in the 2001 to 2004 time frame.  Some of these homes had water drainage problems, so you will want to investigate that if you are looking at the Murrieta Ranchos.

ACTIVE: The 5 listings are priced between $320,000 and $529,900.  The three lowest priced active listings in the Murrieta Ranchos homes for sale are Short Pay (the purchase price will pay the seller's lender short of what is owed).  The two higher asking price homes are Standard Sales.  You can see the 5 active listings of homes for sale in the Murrieta Ranchos while the link is active for 30 days.

SOLD: The 4 sold in June and July 2010 were at prices between $339,000 and $420,000.

PENDING: The 2 listings Pending are at asking prices of $299K and $339K.

Sample homes in the Murrieta Ranchos, to see if you like the look and feel of the neighborhood:

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Market Report - Murrieta Ranchos - Murrieta, CA

As of today, February 20, 2010, the neighborhood unoffically known as the Murrieta Ranchos has two active and two pending sales.  In December 2009 was the most recent Sold home for sale in the Murrieta Ranchos:

1. 23902 Conestoga, List Price $412,000 is currently listed as Active.
2. 42467 Dusty Trail, List Price $439,000 is currently listed as Active.
3. 42479 Dusty Trail, List Price $424,000 is currently listed as Pending.
4. 23945 Noelle, List Price $437,000 is currently listed as Pending.
5. 23885 Noelle, List Price $435,000, Sold Price $445,000, Sold Date 12/24/2009.

The Murrieta Ranchos are large ranch-style, single story homes on large lots, most with many upgrades.  Most have views of the Santa Rosa Plateau.  Below are some pictures of some Murrieta Ranchos homes, then a video of the Santa Rosa Plateau panning east to the corner lot Murrieta Ranchos home nearest the Plateau.  Last, there is a video of six or so of the Murrieta Ranchos along one of the tree-lined streets within the Murrieta Ranchos.

Located about a half mile from Murrieta Valley High School and about 0.75 mile from Thompson Middle School, the Murrieta Ranchos are also convenient to the 15 freeway, Murrieta Elementary School, and the many restaurants and shopping areas of Murrieta and Temecula.

To search the Murrieta Ranchos, you can search all of Murrieta's MLS here.

To receive updates as soon as a Murrieta Rancho home hits the market (or has a change such as a price change), you can have a map-targeted search set up and emails sent to you immediately by filling out the Have Us Find Homes form at SandtoSeaProperties.com.

And here are the videos: