San Jacinto Market Analysis: SOLD 5/20/09 – 6/20/09 CASH SALES

Real Estate Agent with Mason Real Estate CA BRE 01444168

In my recent post on this series, San Jacinto Market Analysis - SOLD 5/20/09 - 6/20/09 I shared insight to the overall San Jacinto real estate market  by providing a brief synopsis of current market conditions by analyzing all of the 136 residential real estate homes that closed escrow between May 20th and June 20th, 2009.

In this segment I will look closely at a very important segment of the market - the one controlled by CASH investors.  Cash transactions accounted for 20.59% of all the closed San Jacinto real estate transactions during this 30 day period.  Of the 136 homes that SOLD in San Jacinto, CA during the period of 5/20/09 until 6/20/09, 28 were purchased with CASH MONEY and 26 of those were for bank owned REO properties.

The Average CASH Transaction was on the market for 64.79 days (DOM) before escrow was opened - which lasted on average 34.89 days. Marketing time ranged from as little as 3 days and in one case - over a year at 539 days.

The Average San Jacinto, CA, SOLD Listing during this period was 1811 sq ft and only had 3.18 bedrooms and 1.93 baths on a 9,363 sq ft lot.  This AVERAGE home was built in 1989 and sold for 97.54% of the list price of $107,296 for $104,526.  These homes sold for an average of $59.99 per sq ft of living space.

Every one of these listings had pictures of the property - ranging from a single picture to 18 of the 20 that could be included.  The average number of pictures was 6.79.


Financing - CASH
Financing - FHA
Financing - VA
Market Summary - Why  local is Important

Blessings to all who read, 

John Occhi, REALTOR®
Hemet - San Jacinto Valley

Servicing THE REO Needs of Asset Managers, Servicers, Banks and Lending Institutions in the Hemet - San Jacinto Valley, Temecula, Murrieta, Winchester, Wildomar, Menifee, Sun Valley, Perris, Moreno Valley, Romoland, Homeland, Nuevo, Banning, Beaumont, Cherry Valley, Yucaipa, Redlands, Mentone, Loma Linda and throughout South West Riverside County and The Pass Areas of The Inland Empire in Southern California.  If you are a buyer, investor, first time home buyer or are just interested in REO real estate, please contact us at the above phone number.

Serving California and Riverside County zip codes of 92501, 92503 , 92551, 92555 , 92562, 92563, 92504, 92505, 92557, 92553, 92506, 92507, 92590 92591, 92508, 92509, 92570, 92571, 92592, 92399 , 92584 , 92596, 92820 , 92571 , 92543, 92544, 92545, 92583, 92582, 92879, 92580 , 92530, 92532, 92881, 92882, 92567, 92518, 92883 , 92549, 92561, 92220, 92223, 92028, 92088

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Until Next Time, Have a Blessed Day,

John Occhi, ePRO, REALTOR®
DRE Lic No: 01444168

ePro,John Occhi,,realtor      Certified Probate Real Estate Specialist Logo Awarded to John OcchiFive Star Logo,Certification,REO,Five Star Institute     

Excellence in Real Estate,Team Log,John Occhi,,hemet,san jacinto,CA  

This blog and the contents written here is the intellectual property of John Occhi, Temecula - Murrieta, CA REALTOR® in the South West Riverside County region of the Inland Empire of Southern California.  The views and opinions expressed are just that - views and opinions of John Occhi and those who comment.  Please note that I am not an attorney or a tax professional and any time I discuss either topic, I suggest you consult with the proper professional for relevant assistance. 

I am proud to be a full time REALTOR® who is proud to be a contributing member of the ActiveRain community.

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