The future real estate trends for Murrieta and Temecula in 2014

By
Real Estate Agent BRE 01889572

I'M GETTING OUT MY CRYSTAL BALL FOR 2014 REAL ESTATE TRENDS...

And it appears that we are in for a much smoother ride than in 2013.   Prices in Murrieta and Temecula have risen a little over 25% from January 2013 to today, but it does not appear that we will get the same kind of increase in 2014.

Here are real estate trends showing average closed sales price and total number of active listings in the Temecula-Murrieta area in the last 12 months.

Please note the inventory curve--inventories are still very low--note the 4-year graph here for the entire Temecula Valley area to get some perspective.

 

Year over Year Price Changes by RegionDistressed Properties Months Supply

Here are some national statistics and trends for real estate!

Year-Over-Year Change in PricesSustainability of Current Price Increases

If you note the western US, we have achieved the highest price increases in the past year, but the rate of increase is just non sustainable.   The outlook is for a lower rate of increase--in the case of Temecula-Murrieta, perhaps in the 10% range.

You can find a source to search for active listings in Temecula and Murrieta here.

 

Comments (2)

Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Your crystall ball speaks well - here's to a continued recovery in all markets for 2014!

Dec 20, 2013 02:59 AM
Dan Hoffbauer
Temecula, CA

Thanks for your comment!

Dec 20, 2013 03:06 AM