Since I highlighted French Valley, CA and Winchester, CA yesterday, I decided to research the closed sales and "Active" listings for these two cities. Would you believe that Short Sales were the dominant category for closed sales? Of course you would. That is the trend for much of Riverside County, Ca. According to my research, there have been 47 closed sales in the past 30 days. Only 23%, or 11 properties, were represented by standard sales. REOs were one up on Standard Sales with a total of 12 closed sales, or 26% of the market. Short Sales dominated this market with 51%, or 24 closed transactions. Now it's time for the disclaimer: This data was pulled from my local MLS, MRMLS, and is deemed accurate and reliable.
What's the "Active" market look like? I'm glad you asked! According to MRMLS there are currently 122 "Active" listings in French Valley, Ca and Winchester, Ca. Now, how many do you think are Standard Sales? REOs? Short Sales? My money is on Short Sales to lead the way...it probably helps that I know this market and have already seen the data. LOL! In all seriousness, Short Sales represent 51% of this market with 62 "Active" listings. Standard Sales are in second place with 45 "Active" listings for 37% market share, while REOs trail with only 12% of the market or just 15 "Active" listings.
If you'd like to see what opportunities are available for you in French Valley, CA and/or Winchester, CA please remember that I am only a phone call away. My personal cell is 951-595-7490. My services are free and I consider myself very knowledgeable within the Riverside County real estate market with an emphasis on Temecula Valley, which includes French Valley, CA and Winchester, CA.
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This is Ryan Smith from Temecula, CA signing off until next time......