Menifee Homes Market Projections and Statistics January 2012

The year of 2012 has finally arrived. With the new year comes new year’s resolutions and new beginnings. I hope all of you started out the year 2012 safe and healthy, ready to take on the new year. I myself have decided to get an early jump on my market reports for 2012. As usual, my market report is based on single family homes, 3+ bedrooms, 2+ baths, and detached. Let us see how Menifee did this new year:

• Total Number Of Actives Listed On Market in January: 263
• Average Menifee Home Listed Price: $ 223,935
• Number of Menifee Properties Sold in December: 75
• Average Menifee Sold Property Price: $209,054
• Average Days On Market Prior To Sale in December: 90

Hmmmmmm, so there have been a couple significant changes between January’s Menifee market advisory and December’s Menifee market analysis. The first item that grabbed my attention was the difference in the number of homes sold month to month. November’s Menifee properties sold was 58, a fall from October’s 68 homes sold. So, the growth from 58 properties sold in November to 75 properties sold in December is a substantial jump. In fact, it is a 22.66% increase. That is a fairly important difference. People were doing more than just looking inmalls this past December.

Now, after seeing the number of homes sold in Menifee, why don't we look at the average price at which these properties sold at. November’s Menifee market report showed that the average sold price was $225,949 while December’s average sold price was $209,054. That is a 7.47% reduction from November to December. However, if we look at October's market analysis, the sold price was $209,566. That explains that this reduction isn’t ground breaking. It looks like a normal fluctuation from month to month, especially considering the significant jump in number of Menifee properties sold.

I hope my Menifee real estate market statistics and projections help you with your home buying needs. If you have any other questions, don’t be afraid to send me an email. I hope you and your family had a great new years and I’m looking forward to filling your market report needs this year.

Stefan West