If you have talked to anyone this summer and fall, they are probably saying some pretty mediocre things about the real estate market in Temecula? I'll show you the numbers. Click here to get a free house value for your home
Properties are selling slower than they were this time last year, this means condition and price is even more imaportant than it was - there are a lot more houses for a buyer to pick from now. Here are some numbers to support what you are hearing on the news about Temecula
House Values for July 2014.
Temecula House Values for July 2014 looks like this on the numbers:
The number of active listings in Temecula (92592) increased by 3.7%from the previous month.
The median number of days active properties have been listed is 58. This is significantly shorter than the national average.
The number of sales in January dropped by 95.1% from the previous month.
When you look at the graph above, you can see that listing and selling prices are mimicking each other fairly well. Selling prices can be a litle low, simply due to some homes going on the market at rahter high prices. To get your free house value Click Here
The other graph here is for Temecula CA Inventory, note that the red bar represents distressed sales, as you can see, those are slowly going down. So more standard sale homes, and less bank owned and foreclosures, this is a healthy thing for the market.