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
39908 Quigley Road 5 3 1,970 $425,000 $215 1 day
23800 Via Compadres 3 2 1,853 $425,000 $229 1 day
Calle De Lago N/A N/A N/A $139,000 Unknown 2 days
40773 Engelmann Oak Street 4 3 2,390 $419,900 $175 2 days
26514 Arboretum Way Unit #1805 2 2 1,031 $268,500 $260 4 days
39888 Hillsboro Circle 3 3 1,837 $425,000 $231 4 days
40436 Via Estrada 3 2 1,614 $386,500 $239 13 days
24700 Pantera Court 4 3 2,302 $409,800 $178 36 days
38140 Via Taffia 3 2 1,768 $315,000 $178 7 days
40194 Via Calidad 2 2 1,344 $369,900 $275 6 days
40162 White Leaf Lane 3 3 2,360 $413,995 $175 9 days
40463 Jennings Drive 4 3 2,492 $409,999 $164 7 days
24584 Adanti Court 3 2 1,367 $369,900 $270 8 days
26316 Palm Tree Lane 6 4 3,777 $510,000 $135 9 days
36220 Thousand Oaks Place 4 2 2,224 $445,000 $200 28 days
23624 Elizabeth Lane 5 3 3,721 $465,000 $124 9 days
23813 Five Tribes Trail 3 3 1,462 $359,900 $246 11 days
27732 Elderberry Street 4 3 2,945 $479,000 $162 11 days
40366 Via Estrada 2 2 1,502 $400,000 $266 12 days
40520 Via Francisco 2 2 1,371 $329,900 $240 12 days
27074 Pumpkin Street 4 3 3,905 $574,900 $147 14 days
28721 Via Del Sol 3 2 1,792 $349,000 $194 13 days
39610 Calle Azucar 5 4 3,411 $510,000 $149 16 days
23873 SPRING BRANCH Court 4 3 2,318 $405,000 $174 16 days
24081 Crowned Partridge Lane 3 3 2,153 $409,000 $189 19 days
Average: 3.6 2.8 2,294 $478,212 $202 47 days
Viewing 1 - 25 of 172
Viewing 1 - 25 of 172
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
24531 Mooncrest Circle 3 3 1,577 $389,900 $247 8 days
36297 Provence Drive 4 3 2,070 $429,900 $207 6 days
35645 Cornflower Place 3 3 2,740 $479,000 $174 8 days
24029 Via Astuto 3 2 1,230 $324,900 $264 3 days
28661 Via Las Flores Unit #313 1 1 762 $170,000 $223 1 day
23581 Wickham Lane 5 4 3,818 $674,900 $176 9 days
40644 Geyser Street 3 2 1,241 $389,000 $313 6 days
26313 Arboretum Way Unit #204 3 3 1,896 $315,000 $166 33 days
40416 Via Tapadero 2 2 1,607 $394,900 $245 31 days
37199 Fallsgrove Avenue 4 2 1,760 $398,000 $226 36 days
36118 Chittam Wood Place 3 2 2,224 $479,900 $215 22 days
35778 Cherry Bark Way 5 3 3,103 $468,000 $150 40 days
27435 Larabee Court Unit #3 3 3 1,761 $320,000 $181 47 days
35812 Lajune Street Unit #1 2 2 1,201 $265,000 $220 59 days
40329 VIA MARISA 3 2 2,100 $459,000 $218 9 days
41950 Zafra 3 3 1,557 $383,990 $246 15 days
24008 Manresa Court 4 3 1,744 $398,900 $228 61 days
38571 Via Escarlata 3 2 1,500 $249,000 $166 29 days
25960 Marco Polo Street 4 3 2,053 $364,900 $177 66 days
24196 Falconer Drive 3 2 1,213 $349,000 $287 150 days
23623 Gingerbread Drive 4 3 2,052 $385,000 $187 78 days
26853 Valensole Court 4 3 1,935 $419,999 $217 60 days
36297 Toulon Drive 3 3 1,678 $359,900 $214 68 days
40333 Via Estrada 3 2 1,614 $384,900 $238 52 days
23990 Hollingsworth Drive 4 3 3,311 $595,000 $179 69 days
Average: 3.4 2.6 2,017 $394,539 $207 51 days
Viewing 1 - 25 of 32
Viewing 1 - 25 of 32
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
35792 Hazelhurst Street Unit #3 3 3 1,812 $339,000 $335,000 $184 54 days 11/13/18
39724 Sunrose Drive 3 2 1,364 $374,900 $374,900 $274 33 days 11/9/18
26883 Aubrieta Street 5 5 4,270 $700,000 $700,000 $163 14 days 11/9/18
40093 Avenida Venida 3 3 1,700 $389,900 $389,900 $229 35 days 11/9/18
27580 Darrington Avenue Unit #3 3 3 1,761 $319,900 $320,000 $181 83 days 11/9/18
24173 VIA PRIMA VERA 2 2 1,614 $399,990 $406,000 $251 146 days 11/9/18
39295 Calistoga Drive 4 3 2,102 $390,000 $375,000 $178 163 days 11/9/18
39785 Tanager Trail 4 3 2,203 $399,900 $405,000 $183 9 days 11/8/18
24753 New Haven Drive 3 3 1,745 $379,900 $377,000 $216 26 days 11/8/18
26444 Arboretum Way Unit #2108 1 1 787 $229,000 $225,000 $285 48 days 11/8/18
27295 Trefoil Street 4 3 3,362 $515,000 $509,000 $151 119 days 11/8/18
41037 Engelmann Oak Street 5 3 2,778 $424,900 $425,000 $152 21 days 11/7/18
26231 Madison Avenue N/A N/A N/A $1,200,000 $905,500 Unknown 237 days 11/7/18
39659 Dartanian Place 5 3 3,171 $499,000 $499,000 $157 77 days 11/6/18
23887 Five Tribes 3 2 1,213 $375,000 $372,000 $306 21 days 11/2/18
24421 Calle Tassjara 3 3 1,541 $389,500 $389,900 $253 125 days 11/2/18
24538 Avenida Arconte 4 3 2,817 $440,000 $440,000 $156 49 days 11/1/18
27594 Fern Pine Way 5 3 3,948 $585,000 $580,000 $146 67 days 10/31/18
23683 Sonata Drive 5 3 3,100 $559,999 $525,000 $169 79 days 10/31/18
41161 Oleandro Circle 3 2 1,052 $312,000 $320,000 $304 8 days 10/30/18
39525 Calle San Clemente 3 2 1,528 $375,000 $377,000 $246 47 days 10/30/18
39838 Grenada Corte 3 2 1,322 $364,900 $359,000 $271 28 days 10/29/18
39881 Snow Gum Lane 3 2 1,080 $355,000 $355,000 $328 12 days 10/26/18
24435 Rovendale Court 3 2 1,464 $370,000 $373,000 $254 52 days 10/26/18
41123 Hibiscus Court 3 3 1,445 $365,000 $370,000 $256 5 days 10/25/18
Average: 3.6 2.7 2,100 $416,271 $412,032 $209 36 days
Viewing 1 - 25 of 355
Viewing 1 - 25 of 355

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.