Temecula Real Estate Sales, August 2012 - How IS the Temecula, market?

By
Real Estate Agent with Real Estate Places CA BRE #01802964

Ok, August is definitely done - so let's see what happened in the market place this past month. 

Take a look at the table, I have included the 2011 numbers for comparison. Note that the number of listings is down 50%, that is huge, it means we would sell all the houses in 2 months, if nobody put another one on. That makes for a gfast market, and you can see that year over year, values are creeping up. 

If you have questions about these values, please contact me.

Greater Temecula Real Estate Market Report - August 2012

  August 2012 August 2011 % Difference
Total Sold Dollar Volume $61,799,759 $59,486,098 +3.89%
Avg Sold Price $347,190 $336,080 +3.30%
Median Sold Price $300,200 $276,000 +8.78%
Avg Days On Market 82 76 +7.89%
Active Listings 372 691 -46.16%
Months Inventory 2 4 -50%
New Listings 172 224 -23.21%
New Under Contract 121 134 -9.70%
Closed Sales 178 181 -1.65%


Source: CRMLS; Prepared by Terkel Sorensen

Comments (1)

Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Terkel,

Two months of inventory is extremely low and prices should go up. Talk about a sellers market!

Sep 09, 2012 04:28 AM