REO Market Report for French Valley / Winchester California 92596

By
Managing Real Estate Broker with David Northup - Aim RE Group Inc, Temecula RealtorsĀ® (AIM)

MARCH 2010 - This is a local REO (Bank Owned) Real Estate Market Report for those wanting to BUY REOs in French Valley, Winchester, California 92596.

The volume of activity for Single Family Residences includes 14 Active listings, 16 properties in escrow and 15 homes that have closed in the last 30 days. Recent activity for Condos includes 3 Active listings, 0 homes in escrow and 1 homes that closed in the last 30 days.

French Valley REO, 92596, real estate, market report,

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Pricing activity for Single Family Residences shows an average list price of  $253,164 for Active listings and an average list price of $270,563 for properties in escrow. For SFRs that closed in the last 30 days the average LIST price was $238,743 , while the average SALE price was $235,303 .  Pricing activity for Condos shows an average list price of $152,433 for Active listings and an average list price of $-   for those properties in escrow now. For Condos that closed in the last 30 days the average LIST price was $139,900 , while the average SALE price was $130,000 .

French Valley REO, 92596, real estate, market report

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Price per square foot calculations show that for SFRs the average $/SF of Active listings is $105.54 /SF, for properties in escrow the average is $95.90 /SF and for properties that closed in the last 30 days the average was $101.00 /SF. For Condos the average $/SF of Active listings is $95.29 /SF, for Condos in escrow the average is $-   /SF and for condos that closed in the last 30 days the average was $83.87 /SF.

French Valley REO, 92596, real estate, market report, winchester REO, March 2010

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Sellers and buyers are both interested in how long it takes to close a transaction these days. Most market reports will evaluate the Days On Market (DOM) figure but this number doesn't give a full picture of how long it's really taking to get an escrow closed. The DOM number counts the number of days the property is marketed but ignores how long everyone waited for bank approvals while it's in escrow. The wait has been increasing for both buyers (for approval on new financing) and sellers (for approval on a short sale). The following statistics include the usual DOM figure as well as a "Total Days" value which represents the total number of days since the property was listed.

For SFRs that have closed in the last 30 days, the average number of days the property was marketed was 33 while the average number of days from listing to closing was 77. For Condos that have closed in the last 30 days, the average DOM was 38 while the Total Days average was 80.

French Valley REO, 92596, real estate, market report, winchester REO, March 2010

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This information is provided by Aim Real Estate Group Inc. and is intended for use by those who may be looking to buy an REO property in French Valley, Winchester, California 92596. Statistics presented here do not include For Sale By Owner or New Construction. All information deemed reliable but is not guaranteed. Please call (951) 326-0196 for a list of available properties and/or to schedule a tour of the homes that interest you!

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David NorthupDavid Northup - Broker, Realtor®,Owner
Aim Real Estate Group Inc.,
Temecula Real Estate

"Providing Direction For Buyers and Sellers"
& Delivering "Raving Fan" Customer Service in the process 

**Buyers - Contact David for a list of available homes!
**Sellers - Let me provide you with a comparable market analysis that will give you an idea of your home's current value. Even if your home's value is less than the amount you owe, we can still typically make arrangements to sell your home at little or no cost to you.
Call me at (951) 326-0196 or choose one of these other ways to connect with me . . .
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*** All information/opinion offered is deemed reliable but not guaranteed. CA DRE License # 01802944 ***

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