Murrieta, California Home Sales in January 2012

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Real Estate Agent with Realty One Group/SW Temecula Murrieta, CA.

Murrieta, California Home Sales in January 2012

The California Association Realtors reported Wednesday that California home prices decreased in January as sales shifted toward “distressed” properties bringing the prices lower. 

The median sales price of a single-family detached home fell to $268,280 in January, down 6.7 % from $285,920 in December. 

Murrieta, California Home Sales in January 2012Here in Murrieta, we actually saw a gain in our median sales price, from $276,054 in December, 2011, up 2.4% to $282,614 in January 2012. While it isn’t a huge increase, it’s still uplifting news for Murrieta home sellers. 

Closed escrows of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 517,740 in January, down 0.6 % from December. This is according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLS’s statewide. 

Murrieta, California Home Sales in January 2012Closed escrows in Murrieta were down in as well, with just 119 closed home sales in January, down a whopping 67% from December’s 367 closed sales.

“The decline in the January median home is largely a reflection of an increase in the share of distressed home sales,” C.A.R chief economist Leslie Appleton-Young said. “Seasonal factors in the non-distressed market also played a role in the softening of the median home price, as prices typically decline in the non-peak home buying season.”

We certainly saw a slow month in January here in Murrieta, but as spring approaches things are sure to pick up. 

If it's time to talk to a Realtor® who knows Murrieta, California Homes and Real Estate or if you have specific questions relating to homes and Real Estate in La Cresta, Menifee, Murrieta, Temecula, Wildomar, Winchester, CA, give me a call at 951.764.4318, or email me at sellwitheric@gmail.com.

Visit www.buywitheric.com to search for homes, get community information, and learn more about Real Estate in La Cresta, Menifee, Murrieta, Temecula, Wildomar, Winchester, CA. I invite you to visit my website and become a Murrieta Market Insider today!  

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Eric Erickson                                                                         file://localhost/Users/ericerickson/Downloads/AJIlogo_signature.jpgAllison James Estates and Homes
(951) 696-5782
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Rainmaker
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Charles McDonald®
Charlottesville Real Estate Solutions - Charlottesville, VA
REALTOR®, Principal Broker®, Owner

So are things stabilizing in your area?

I hope so

your friend in Charlottesville

Feb 17, 2012 07:33 AM #1
Rainer
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Jason Geary
First American Title - Highland, CA

Thanks for the update Eric, have a productive weekend!

Feb 17, 2012 10:49 PM #2
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Eric Erickson

Murrieta-Temecula CA. Real Estate and Homes
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