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
27744 Post Oak Place 4 3 3,214 $475,000 $147 2 days
27503 Mangrove Street 5 3 2,340 $399,900 $170 1 day
36938 WAX MYRTLE Place 5 4 3,668 $525,000 $143 11 days
24022 Colmar Lane 3 2 1,766 $399,999 $226 3 days
24428 Oakridge Circle 3 2 1,370 $389,900 $284 6 days
24060 Falconer Drive 3 3 1,462 $389,000 $266 3 days
26583 Chamomile Street 3 2 2,287 $509,900 $222 4 days
23996 Verdun Lane 4 3 1,847 $410,000 $221 4 days
23575 Madison Avenue 4 3 2,715 $469,000 $172 11 days
26200 Lincoln Avenue N/A N/A N/A $100,000 Unknown 4 days
24093 Colmar Lane 4 2 1,766 $439,000 $248 7 days
23919 Corte Cajan 2 2 1,344 $339,900 $252 31 days
24073 CROWNED PARTRIDGE Lane 3 3 2,153 $449,800 $208 5 days
24039 Via Astuto 2 2 1,154 $324,900 $281 5 days
35804 Alpental Lane Unit #1 2 2 1,201 $269,999 $224 5 days
40242 Via Sonoro 4 3 2,086 $429,900 $206 5 days
Fenton Lane N/A N/A N/A $379,000 Unknown 5 days
29268 Woodfall Drive 4 3 3,000 $449,999 $149 5 days
39383 Medina Court 3 3 1,591 $375,000 $235 7 days
40469 Murrieta Hot Springs RD Unit #G-5 N/A N/A N/A $170,000 Unknown 10 days
26835 Lemon Grass Way 4 3 3,282 $529,900 $161 0 days
38985 Paseo De Oro 2 3 1,585 $265,000 $167 7 days
39651 Bayonne Place 5 3 3,171 $450,000 $141 14 days
39988 Pearl Drive 3 3 1,693 $419,900 $248 8 days
23622 Greer Road 6 3 4,261 $670,000 $157 10 days
Average: 3.4 2.7 2,126 $465,917 $215 60 days
Viewing 1 - 25 of 169
Viewing 1 - 25 of 169
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
24034 Chatenay Lane 4 3 2,650 $430,000 $162 0 days
36714 Silk Oak Terrace Place 6 4 3,962 $629,900 $158 6 days
40148 Corte Lorca 2 2 1,617 $359,900 $222 7 days
39767 Ranchwood Drive 3 2 1,560 $399,000 $255 11 days
24069 Crowned Partridge Lane 4 3 2,528 $449,000 $177 1 day
23798 Via Segovia 5 3 3,171 $599,000 $188 4 days
24552 Via Primero 4 3 2,424 $439,000 $181 5 days
23689 Lincoln Avenue 4 3 2,492 $469,000 $188 18 days
23546 Taft Court 5 3 3,406 $559,000 $164 14 days
39723 Columbia Union Drive Unit #C 3 2 1,408 $315,000 $223 2 days
26360 Palisades Drive 6 4 2,671 $425,000 $159 15 days
23847 Via Alisol 5 3 3,073 $499,900 $162 4 days
30256 Vercors Street 5 3 3,404 $528,000 $155 16 days
24006 Whistling Swan 3 3 1,761 $400,000 $227 13 days
27389 Bottle Brush Way 5 3 3,658 $522,000 $142 11 days
24214 Corte Cordoba 3 2 2,100 $449,000 $213 0 days
28691 via Las Flores Unit #331 1 1 762 $189,000 $248 5 days
24666 New Haven Drive 3 2 1,282 $325,000 $253 5 days
29170 Via Princesa 2 2 1,440 $270,000 $187 37 days
24515 Camino Mirabella 3 3 1,842 $409,000 $222 26 days
26922 Lemon Grass Way 4 3 2,949 $520,000 $176 8 days
27568 Rosebud Street 3 3 1,797 $355,000 $197 13 days
26264 Jasmine Avenue 3 3 1,941 $398,000 $205 33 days
27439 Woburn Court Unit #2 3 3 1,428 $310,000 $217 19 days
27438 Larabee Court Unit #2 3 3 1,456 $313,900 $215 32 days
Average: 3.8 2.9 2,451 $458,911 $199 47 days
Viewing 1 - 25 of 49
Viewing 1 - 25 of 49
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
39826 Western Jay Way 3 2 1,420 $364,900 $352,500 $248 26 days 3/15/19
23668 Bellwood Court 5 3 3,338 $539,000 $541,000 $162 20 days 3/14/19
40663 Via Jalapa 2 2 1,607 $369,900 $367,000 $228 46 days 3/14/19
26325 Arboretum Way Unit #504 3 3 1,896 $334,900 $325,000 $171 51 days 3/14/19
23928 Falconer Drive 3 2 1,213 $369,000 $369,500 $304 8 days 3/13/19
35911 Red Bluff Place 4 3 3,338 $520,000 $530,000 $158 15 days 3/13/19
40061 Corte Fortuna 3 2 1,764 $369,900 $369,900 $209 117 days 3/13/19
39755 Almasa Court 3 3 1,591 $365,000 $370,000 $232 1 day 3/11/19
39950 Windemere Court 4 3 1,828 $425,000 $425,000 $232 9 days 3/8/19
36938 Wax Myrtle Place 5 4 3,668 $514,000 $502,000 $136 93 days 3/8/19
35845 Ellison Lane Unit #1 2 2 1,198 $282,000 $282,000 $235 19 days 3/6/19
24832 Half Dome Court 4 2 1,480 $374,900 $370,000 $250 24 days 3/6/19
24601 Vista Verde 3 2 1,282 $360,000 $360,000 $280 4 days 3/5/19
24057 Colmar Lane 4 2 1,766 $405,000 $400,000 $226 14 days 3/5/19
40085 Belvedere Court 3 3 1,571 $430,000 $435,000 $276 16 days 3/5/19
23769 Five Tribes Trail 3 3 1,462 $350,000 $345,000 $235 38 days 3/5/19
26439 Arboretum Way Unit #2904 3 3 1,896 $319,000 $315,000 $166 48 days 3/5/19
40162 White Leaf Lane 3 3 2,360 $380,000 $375,000 $158 86 days 3/5/19
24313 Jacarte Drive 3 3 1,716 $405,000 $405,000 $236 213 days 3/4/19
23603 Spindle Way 4 3 2,052 $425,000 $425,000 $207 4 days 3/1/19
39795 Highbury Drive 3 3 1,840 $415,000 $420,000 $228 96 days 3/1/19
39860 Mount Blanc Avenue 5 3 3,171 $545,999 $543,000 $171 122 days 3/1/19
23960 VIA ASTUTO 3 2 1,230 $329,900 $329,900 $268 175 days 3/1/19
38337 Augusta Drive 4 3 2,328 $480,000 $480,000 $206 0 days 2/28/19
27435 Larabee Court Unit #2 3 3 1,456 $314,999 $317,500 $218 6 days 2/28/19
Average: 3.5 2.7 2,183 $408,776 $403,061 $209 51 days
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Viewing 1 - 25 of 287

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.