The Colony 55+ Senior Community Home Prices, Murrieta CA - Avg: $229,000; Avg. SqFt: $149.45, Oct. 26, 2012.
There were 30 homes for sale at The Colony in Murrieta CA that closed (sold) during the past 90 days with an average home price of $229,000 and an average price-per-square-foot of $149.45, according to the California Regional MLS (Multiple Listing Service).
Last month, 36 houses for sale at The Colony closed with an average sales price of $225,914 and an average price-per-square-foot of $146.24. One year ago, 17 houses for sale at The Colony closed with an average sales price of $221,806 and an average price-per-square-foot of $137.41.*
The charts on the right show the average sold price trends of The Colony 55+ Senior Community Homes. (Sold prices are the actual amount that buyers paid for the home.) The first chart shows sold prices over the past 24 months. The second chart shows sold prices since 2002. The blue SOLD line in each chart shows the month-to-month fluctuations in sold prices. The red TREND line smoothes the month-to-month fluctuations using a 12-month moving average. The TREND line makes it easier to determine the overall housing market’s price trend.
Follow the link to view my list of The Colony 55+ Senior Community Homes for Sale.
THE COLONY 55+ SENIOR HOME INVENTORY
The last chart shows the trend of The Colony 55+ Senior home inventory. Inventory is the number of homes currently listed for sale. When the number of homes listed for sale rises, it puts downward pressure on home prices because of increased supply. In contrast, when the number of homes listed for sale falls, it puts upward pressure on prices due to a smaller supply. The blue ACTIVE line shows the week-to-week fluctuations in home inventory. The red TREND line smoothes the week-to-week fluctuations using a six-week moving average. The TREND line makes it easier to determine the overall inventory trend.
Buying a house? Selling a house? Whether you’re a home buyer or a home seller, you need to know about absorption rates. Why? Because knowing neighborhood absorption rates can help you better determine whether it’s a buyer’s market or a seller’s market, and what the home’s fair market value is.
Follow the link to check out The Colony 55+ Senior Community Home Absorption Rates!
*The values shown for each month are based on data measured during the prior 90 days of activity. For example, values shown for December 2011 are based on data measured from the beginning of October 2011 through the end of December 2011. The information provided is deemed reliable, but is not guaranteed.