Real Estate Market Snapshot | Hemet CA 92543 | June 29, 2007

Real Estate Market Snapshot | Hemet CA 92543 | June 29, 2007 
by, John Occhi, Hemet CA REALTOR 
Hemet CA Real Estate 

At the request of a real estate investor client who found me here on ActiveRain, I was asked to provide a snapshot of the current real estate activity for homes for sale in Hemet, CA in the 92543 zip code.

As you review this real estate information, you will realize that in many sizes of homes, we actually have close to a 2 year inventory.  To understand the real estate "inventory" figures simply divide the number of homes sold by 2 - since this represents a 2 month period, then divide it by the number of active listings.  This will tell you how long it should take to sell off the existing inventory of homes for sale in Hemet, CA.

I broke the real estate information down by size of home:

Hemet CA 92543
1 Bedroom 1 Bath: 
Active Listings:   1
Asking Price Range:  $189,000
DOM Range:  8
SOLD Between 5/1/07 and 6/29/07:  0
SOLD Price Range:  $    NA
SOLD DOM:  NA
Inventory:   2 year 0 months - Since there are no sales to report - this is approximate

Hemet CA 92543
2 Bedroom 1 Bath: 
Active Listings:   25
Asking Price Range:  $149,000 to $310,000
DOM Range:  1 to 290
SOLD Between 5/1/07 and 6/29/07:  2
SOLD Price Range:  $204,000 to 275,000   
SOLD DOM:  43 to 49
Inventory:   2 year 1 months

Hemet CA 92543
2 Bedroom 2 Bath: 
Active Listings: 54
Asking Price Range:  $109,000 to $465,000
DOM Range:  9 to 365
SOLD Between 5/1/07 and 6/29/07:  9
SOLD Price Range:  $135,600 to $245,000
SOLD DOM:  24 to 251
Inventory:  1 year 

Hemet CA 92543
3 Bedroom 1 Bath: 
Active Listings:  10
Asking Price Range:  $169,900 to $280,000
DOM Range:  10 to 292
SOLD Between 5/1/07 and 6/29/07:  1
SOLD Price Range:  $240,000  
SOLD DOM:  53
Inventory:  1 year 8 months

Hemet CA 92543
3 Bedroom 2 Bath: 
Active Listings: 40
Asking Price Range:  $199,000 to $689,000 (3 over $500K)
DOM Range: 2 to 333
SOLD Between 5/1/07 and 6/29/07:  7
SOLD Price Range:  $184,800 to $375,000   
SOLD DOM:  8 to 828
Inventory:  1 year   

Hemet CA 92543
3 Bedroom 3 Bath: 
Active Listings:   3
Asking Price Range:  $216,900 to $749,000 (1 over $500K)
DOM Range:  109 to 176
SOLD Between 5/1/07 and 6/29/07: 
SOLD Price Range:  $ NA  
SOLD DOM:  NA
Inventory:  2 year 0 months - Since there are no sales to report - this is approximate

Hemet CA 92543
4 Bedroom 2 Bath: 
Active Listings:  9
Asking Price Range:  $259,900 to $678,000
DOM Range: 28 to 220
SOLD Between 5/1/07 and 6/29/07:  0
SOLD Price Range:  $ NA   
SOLD DOM:  NA
Inventory:  2 year 0 months - Since there are no sales to report - this is approximate

Hemet CA 92543
4 Bedroom 3 Bath: 
Active Listings: 11
Asking Price Range:  $322,900 to $990,000 (4 over $500K)
DOM Range: 
SOLD Between 5/1/07 and 6/29/07:  1
SOLD Price Range:  $290,000
SOLD DOM:  48
Inventory:   2 year 2 months

Hemet CA 92543
4 Bedroom 4 Bath: 
Active Listings:  2
Asking Price Range:  $419,000 to $669,900
DOM Range: 13 to 24
SOLD Between 5/1/07 and 6/29/07:  1
SOLD Price Range:  $440,000
SOLD DOM:  25
Inventory:   4 months

Hemet CA 92543
5 Bedroom 3 Bath: 
Active Listings: 3
Asking Price Range:  $385,000 to $599,000 (2 over $500K)
DOM Range: 65  to 169
SOLD Between 5/1/07 and 6/29/07:  0
SOLD Price Range:  $    NA
SOLD DOM:  NA
Inventory:   2 year  0 months - Since there are no sales to report - this is approximate

Hemet CA 92543
5 Bedroom 4 Bath: 
Active Listings:   1
Asking Price Range:  $635,000
DOM Range:  241
SOLD Between 5/1/07 and 6/29/07:  0
SOLD Price Range:  $    NA
SOLD DOM:  NA
Inventory:   2 year 0 months - Since there are no sales to report - this is approximate

Hemet CA 92543
6 Bedroom 2 Bath: 
Active Listings:  1
Asking Price Range:  $260,000
DOM Range:  93
SOLD Between 5/1/07 and 6/29/07:  0
SOLD Price Range:  $    NA
SOLD DOM:  NA
Inventory:   2 year 0 months - Since there are no sales to report - this is approximate

If you find this real estate information interesting and feel it might help you in analyzing the local Hemet real estate market - please feel free to use it.  If you have any specific questions on any aspect - just ask, and I'll analyze and get the answer for you.  If you would like similar information for the Hemet - San Jacinto Valley - either ask or keep an eye open, because it will be coming in the next couple of weeks.

Until then, Have a Blessed Day,

John Occhi, Hemet - San Jacinto Valley REALTOR
Mission Grove Realty
TheHouseSeller@GMail.Com
(951) 443-6259

For More Information on Hemet - San Jacinto Valley Real Estate, please check out these other Market Reports:

Market Snapshot - Hemet CA 92544 | June 28, 2007
Market Snapshot - Hemet CA 92545 | June 29, 2007