Temecula House Values - Sept 2015 - Zip 92592

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

 

Statistics for Single Family Homes and Condos in Temecula, CA 92591
$511,410
Median Listing Price
53
Median Days on Market
426
Active Listings
4.7%
Distressed Listings
(foreclosures and short sales)
Price Trends - Sold vs. Listed
 

Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).

By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.

 

 

Chart Temporarily Unavailable
 
Market Inventory Trends
 
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The number of active listings in Temecula (92592) dropped by 15.9%from the previous month.

The median number of days active properties have been listed is 53. This is significantly shorter than the national average.

 

The number of sales in July dropped by 93.8% from the previous month.

 

 

 

 

Comments about the Temecula 92592 market area: 

The market is steady, late summer brings a slowdown in listings and the effect of that could be that prices will come up a little again. Value is a function of supply and demand and with limited supply, the nice houses will be harder to come by.

I just sold a Condo, this listing was only on the market for 5 days and the complex had a whopping 2 units for sale. Needless to say, this is the time for full price offers. 

 

See South Temecula homes for sale today here.

 

At the same time, the median of 53 days on market, is not bad, normal would be 3 months, so the market is moving along nicely. 

 

Conclusion: It's still a good time to sell in Temecula zip code 92592. This is the part of Temecula South of Rancho California. 

 

For your complimentary market analysis, please visit my website Market Evaluation page and sign up, I will provide a comprehensive analysis of your propertys market value, based on your local area - not the general area like the big sites. 

 

Comments (1)

Kim Johnson
Signature Realty Inc. - Coral Springs, FL
Selling South Florida

Very nice market report for Temecula!! Wishing you a very happy Labor Day weekend!

Sep 05, 2015 03:16 AM