murrieta: Murrieta California January 2011 Market Conditons - 01/05/11 08:19 AM
Appraiser Adjustment Matrix
Area                                      Murrieta                                 Date 1/5/2011
Not only are fewer homes selling and prices declining - I am also seeing the months of inventory grow (based on the current number of listings vs. 1-month of pending sales) - which is most recently at 5+ months, while just back to April 29, 2010 the months of inventory was at 2 and 1/2 months. 
Often in prior years the number of homes listed for sale drops between Thanksgiving and the early part of the next year (I believe because occupants don't want potential home buyers coming into their homes during holidays).  … (0 comments)

murrieta: Murrieta - California: Real Estate Market Conditions: November 2010 - 11/23/10 05:48 AM
Appraiser Adjustment Matrix
Area              Murrieta, CA                                  Date 11/23/2010
Chart above show the decline in the number of homes sold in a 1-month period in 2009 (236) vs. 2010 (147) that is a decline of almost 38%.  Most sales last year were REOs - this year most sales are standard sales.  Most of the current listings are short sales, with the short sales taking the longest to sale.  Additional research between listings and 1-month of pending sales were now have about 4.5 months of standing inventory; there was about 2.5 months of inventory at the end of April 2010.  So we have … (0 comments)

murrieta: Murrieta, CA listing and pending sales - just the numbers August 2010 - 08/23/10 07:03 AM
In Murrieta, California the number of homes for sale has been increasing and the number of pending sales declining - with a current 4-months of standing inventory as of August 23, 2010.  Compaired to 1-year ago (8/19/2009) where the months of inventory was about 2-months.  In contrast in May (5/25/2010) there was about 3 months of inventory.
Per MLS the lowest current list price is: $131,000 for a 935sq' home on a standard residential sized lot.
The highest current listing is at $4,400,000 for a 10,784 square foot home on 4 and 1/2 acres.  
Per the current median … (0 comments)


Beverly Bayer

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