Central Murrieta Market Report

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Central Murrieta Market Report

Inventory:  New Listings & Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in August 2018 was 83, down -6.7% from 89 last month and up 9.2% from 76 in August of last year.

Property Sales

August property sales were 55, down from 59 in August of 2017 and equal to 0.0% 55 sales last month. August 2018 sales were at a mid level compared to August of 2017 and 2016. August YTD sales of 465 are running -6.1% behind last year's year-to-date sales of 495.

Prices

The median sales price in August was $405,000, up 6.6% from $379,900 in August of 2017 and down -1.2% from $410,000 last month. The average sales price in August was $406,984, up 1.7% from $400,190 in August of 2017 and down -1.0% from $411,098 last month. August 2018 ASP was at highest level compared to August of 2017 and 2016.

 

Market Time

The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market. The DOM for August was 36, up from 28 days last month and up from 19 days in August of last year. The August 2018 DOM was at its highest level compared with August of 2017 and 2016.

Selling Price Per Square Foot

The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the 'mix' of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The August 2018 selling price per square foot of $214 was up 2.4% from $209 last month and up 9.2% from $196 in August of last year.

Selling Price vs Listing Price

The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer's market exists, a ratio at or above 100% indicates more of a seller's market. The August 2018 selling price vs list price of 98.6% was down from 98.7% last month and down from 99.0% in August of last year.

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
23673 Corte Sabio 2 2 1,495 $394,900 $264 1 day
40085 Belvedere Court 3 3 1,571 $430,000 $273 4 days
40680 Corte Albara 1 2 947 $284,900 $300 4 days
28510 Perry Road 3 2 1,740 $415,000 $238 5 days
36241 Redbud Lane 4 3 2,729 $549,000 $201 6 days
27380 Murrieta Oaks Avenue 5 3 3,676 $515,000 $140 6 days
40440 Via Malagas 2 2 1,274 $355,000 $278 6 days
40482 Corte Lucia 2 2 1,502 $384,500 $255 7 days
35845 Ellison Lane Unit #1 2 2 1,198 $279,900 $233 7 days
27503 Mangrove 4 3 2,340 $409,000 $174 7 days
40591 Corte Lucia 2 2 1,502 $425,000 $282 7 days
36111 Provence Drive 4 3 1,561 $409,900 $262 8 days
24107 Falconer Drive 4 3 1,646 $384,900 $233 9 days
23203 Joaquin Ridge Drive 2 2 1,553 $374,900 $241 13 days
36073 Darcy Place 5 3 4,261 $539,000 $126 19 days
40655 Via Malagas 2 2 1,502 $355,000 $236 16 days
24823 Hollyleaf Lane 4 2 1,520 $389,900 $256 13 days
40663 Via Jalapa 2 2 1,607 $380,000 $236 14 days
24420 Oakridge Circle 5 3 1,970 $380,000 $192 14 days
23785 Peach Blossom Court 3 3 2,483 $474,900 $191 13 days
40737 Corte Albara 2 2 1,071 $310,000 $289 13 days
23863 Five Tribes 3 3 1,462 $340,000 $232 13 days
24527 New Haven Drive 3 3 1,409 $375,000 $266 13 days
23904 Button Bush Court 5 3 2,630 $449,900 $171 16 days
23735 Morning Glory Drive 6 3 2,687 $459,888 $171 5 days
Average: 3.4 2.7 2,095 $464,660 $212 57 days
Viewing 1 - 25 of 141
Viewing 1 - 25 of 141
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
39412 Dapple Court 4 2 1,685 $409,900 $243 5 days
23820 Via Olivia 2 2 885 $325,000 $367 5 days
23615 Kettle Road 4 3 2,162 $469,000 $216 2 days
24832 Half Dome Court 4 2 1,480 $380,000 $256 4 days
24430 Sagecrest Circle 3 2 1,125 $367,500 $326 1 day
23870 Hollingsworth Drive 4 4 4,259 $625,000 $146 3 days
23631 Morning Glory Drive 5 3 2,778 $485,000 $174 12 days
26785 Peachwood Drive 5 3 3,067 $539,000 $175 4 days
40129 Corte Peralta 2 2 1,190 $319,000 $268 4 days
23828 Peach Blossom Court 3 2 1,825 $375,000 $205 3 days
39382 San Thomas Court 3 2 1,304 $390,000 $299 41 days
39877 Tanager Trail 3 3 1,641 $399,000 $243 33 days
23764 Sonata Drive 5 4 3,697 $620,000 $167 30 days
39908 Quigley Road 5 3 1,970 $425,000 $215 35 days
39765 Ridgedale Drive 3 2 1,924 $419,900 $218 51 days
40194 Via Calidad 2 2 1,344 $361,900 $269 67 days
23728 Via Olivia 4 3 1,425 $369,900 $259 46 days
40102 Patchwork Lane 5 4 3,286 $524,900 $159 88 days
39354 Calistoga Drive 4 3 2,361 $399,900 $169 88 days
40595 Calle Galacia 2 3 1,912 $424,500 $222 59 days
41147 Via Cedro 3 2 1,064 $330,000 $310 48 days
35812 Lajune Street Unit #2 3 3 1,428 $300,000 $210 108 days
33955 Indigo Place 4 4 4,043 $495,000 $122 80 days
40740 Vista Murrieta N/A N/A N/A $1,500,000 Unknown 80 days
41117 Oak Creek Road 5 3 3,406 $499,777 $146 49 days
Average: 3.7 2.8 2,258 $463,439 $213 64 days
Viewing 1 - 25 of 30
Viewing 1 - 25 of 30
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
23624 Elizabeth Lane 5 3 3,721 $449,900 $445,000 $119 54 days 1/22/19
40562 Via Amapola 2 2 1,606 $349,900 $345,000 $214 22 days 1/18/19
36150 Castellane Drive 3 2 1,593 $399,000 $388,000 $243 43 days 1/18/19
39723 Willowbend Drive 4 3 2,141 $409,900 $395,000 $184 39 days 1/18/19
24359 Heron Lane 3 3 2,150 $384,000 $385,000 $179 114 days 1/18/19
24584 Adanti Court 3 2 1,367 $369,900 $362,500 $265 36 days 1/17/19
40103 Avenida Venida 3 2 1,480 $369,900 $367,000 $247 14 days 1/15/19
40093 Corte Lorca 3 3 2,161 $405,000 $399,000 $184 27 days 1/14/19
39470 Copper Craft Drive 4 3 1,927 $398,888 $407,000 $211 5 days 1/11/19
40277 Via Aguadulce 3 2 1,265 $339,000 $329,000 $260 57 days 1/11/19
36220 Thousand Oaks Place 4 2 2,224 $445,000 $439,000 $197 50 days 1/8/19
24081 Crowned Partridge Lane 3 3 2,153 $409,000 $409,000 $189 7 days 1/8/19
27645 Verbena Court 3 3 1,684 $348,900 $344,000 $204 43 days 1/7/19
40172 CORTE PERALTA 2 2 1,330 $339,000 $324,000 $243 103 days 1/4/19
23934 Via De Gema Linda 4 3 2,441 $422,500 $422,500 $173 88 days 1/4/19
23878 Via Astuto 2 2 1,154 $315,000 $310,000 $268 0 days 1/3/19
26313 Arboretum Way Unit #203 2 3 1,246 $279,900 $279,900 $224 0 days 1/2/19
25455 Copperleaf Court 4 2 1,863 $398,900 $387,500 $207 82 days 12/31/18
27320 Bottle Brush Way 5 3 3,948 $499,999 $499,999 $126 197 days 12/31/18
28721 Via Del Sol 3 2 1,792 $349,000 $349,000 $194 13 days 12/28/18
24492 Lincoln Avenue 4 3 2,591 $418,888 $410,000 $158 104 days 12/28/18
40553 VIA ESTRADA 2 2 1,502 $355,000 $340,000 $226 130 days 12/28/18
23585 Kettle Road 4 3 2,162 $429,900 $422,500 $195 8 days 12/27/18
40035 Temecky Way 4 3 2,646 $424,900 $425,000 $160 27 days 12/27/18
41134 Mountain Pride Drive 3 2 1,100 $355,000 $335,000 $304 62 days 12/27/18
Average: 3.5 2.7 2,063 $409,493 $404,377 $208 44 days
Viewing 1 - 25 of 305
Viewing 1 - 25 of 305

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.