As you may have hard, the market is moving fast and we are definitely on a upward trend when it comes to price. Click here to get a free house value for your home
So much so, that at this point, South Temecula Homes are receiving multiple offers and over asking is the rule, not the exception. Here are some numbers to support what you are hearing on the news about South Temecula House Values for April 2013.
You can get the market stats for your neighborhood, click here
South Temecula House Values for April 2013 looks like this on the numbers:
The median list price in May for single family homes in South Temecula is $435,000. The list prices increased by 2.95% from the previous month.
The price per square foot for listings in this area is $185.
The median sale price in January forsingle family homes is $288,661. The sale prices dropped by -10.9% from the previous month.
The price per square foot for sales in this area is $108
Although these numbers seems at odds, high listing price and low selling price, there are different factors playing in. Such factors include a few sellers getting a little ahead of the game and listing higher than what the market will bear at the moment - We see a few of these, a good price home in Harveston may be at $350,000, and one down the street will be listed at $450,000 - I'll let you guestimate on which one sells first and in a few days. So all of a sudden, we have some high priced properties that are not really going anywhere (Think of all the high end listings sitting in Wine Country).
At the same time, higher end homes will take a lower price per square foot, so where a small home may fetch say $225 for a small 3 bed room house, at $190/ Square foot, a large home may get far less per squarefoot, and when bigger homes start selling, that skews the numbers as well. To get your free house value Click Here
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