Hills West Murrieta Market Report

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Hills West Murrieta Market Report

Property Sales

August property sales were 4, up from 3 in August of 2017 and -33.3% lower than the 6 sales last month. August 2018 sales were at a mid level compared to August of 2017 and 2016. August YTD sales of 41 are running 2.5% ahead of last year's year-to-date sales of 40.Property Sales

Prices

The median sales price in August was $862,500, down -13.7% from $998,900 in August of 2017 and down -12.5% from $986,250 last month. The average sales price in August was $991,250, up 0.8% from $982,967 in August of 2017 and down -5.4% from $1,047,917 last month. August 2018 ASP was at a mid range compared to August of 2017 and 2016.

Inventory & MSI

The total inventory of properties available for sale as of August was 73, up 9.0% from 67 last month and up 4.3% from 70 in August of last year. August 2018 Inventory was at a mid range compared to August of 2017 and 2016.  A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2018 MSI of 18.3 months was at a mid range compared with 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 132, down from 160 days last month and up from 27 days in August of last year. The August 2018 DOM was at a mid range 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 $249 was down -4.6% from $261 last month and down -2.4% from $255 in August of last year.

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
Camino Bon Aire N/A N/A N/A $99,000 Unknown 4 days
18525 Avenida Escalera 3 2 2,970 $845,000 $284 3 days
CALLE DE COMPANERO N/A N/A N/A $440,000 Unknown 10 days
37290 Avenida La Cresta 4 5 3,810 $995,000 $261 11 days
Via Sereno N/A N/A N/A $169,999 Unknown 12 days
41902 AVENIDA DE ENCANTO N/A N/A N/A $275,000 Unknown 15 days
37745 Via Calorin N/A N/A N/A $249,000 Unknown 19 days
37711 Via Calorin N/A N/A N/A $295,000 Unknown 19 days
Avocado Mesa N/A N/A N/A $197,000 Unknown 18 days
38201 PALO ALTO LN 5 6 5,433 $3,450,000 $635 19 days
20 Avenida Escala N/A N/A N/A $579,000 Unknown 24 days
18777 Aria Circle 4 4 3,548 $1,299,900 $366 26 days
42498 Harkey Circle 5 6 6,394 $1,498,000 $234 29 days
35081 Avenida La Cresta 3 4 3,700 $999,000 $270 29 days
42290 Oregon Trail 4 3 3,084 $564,900 $183 30 days
Calle Los Pericos N/A N/A N/A $245,000 Unknown 30 days
Hombre N/A N/A N/A $175,000 Unknown 37 days
2 Ciela Vista - 014 N/A N/A N/A $199,000 Unknown 38 days
1 Celia Vista - 1 N/A N/A N/A $269,000 Unknown 38 days
3 Celia Vista - 3 N/A N/A N/A $235,000 Unknown 38 days
4 Calle Jaime N/A N/A N/A $240,000 Unknown 38 days
41612 AVENDIDA DE ENCANTO N/A N/A N/A $295,000 Unknown 43 days
39251 Vista Del Bosque 3 3 2,831 $849,900 $300 41 days
Calle Centro N/A N/A N/A $290,000 Unknown 42 days
Avenida La Cresta N/A N/A N/A $290,000 Unknown 42 days
Average: 4.7 4.9 4,929 $688,594 $336 41 days
Viewing 1 - 25 of 199
Viewing 1 - 25 of 199
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
19820 Avenida Castilla 4 5 4,345 $1,200,000 $276 50 days
39950 Calle Bandido 4 5 4,440 $1,049,000 $236 57 days
37700 Calle De Lobo 5 6 5,000 $1,295,000 $259 55 days
39505 Avenida Bonita 4 4 3,529 $1,145,000 $324 200 days
38830 CALLE DE COMPANERO 5 6 4,570 $1,139,000 $249 302 days
38755 Via Vista Grande 5 5 5,794 $1,399,000 $241 320 days
Average: 4.5 5.2 4,613 $1,204,500 $264 164 days
Viewing 1 - 6 of 6
Viewing 1 - 6 of 6
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
37777 Via Majorca 3 5 3,899 $1,189,000 $1,189,000 $304 8 days 11/30/18
20449 Calle De Corizon 3 4 2,473 $785,000 $790,000 $319 18 days 11/30/18
38573 Calle De Lobo 4 7 3,572 $1,075,000 $1,055,000 $295 34 days 11/27/18
CALLE BANDIDO N/A N/A N/A $350,000 $200,000 Unknown 487 days 11/19/18
41825 CALLE BANDIDO 6 7 6,668 $1,725,000 $1,725,000 $258 339 days 11/16/18
38850 Via Conteviento 4 4 3,000 $895,000 $880,000 $293 43 days 11/9/18
21810 The Trails Circle 6 4 4,430 $1,345,000 $1,293,750 $292 57 days 11/9/18
18001 Tenaja Road 3 3 3,972 $974,990 $890,000 $224 217 days 11/1/18
41645 Avenida Conchita 4 4 4,400 $1,050,000 $960,000 $218 26 days 10/26/18
TENAJA Road N/A N/A N/A $158,700 $135,000 Unknown 112 days 10/23/18
40401 Hidden Meadow Circle 4 3 3,025 $798,000 $798,000 $263 117 days 10/16/18
40025 Via Caballos 4 5 3,811 $1,525,000 $1,500,000 $393 167 days 9/28/18
Avocado Mesa RD N/A N/A N/A $239,900 $239,900 Unknown 207 days 9/27/18
19000 Cleveland Forest N/A N/A N/A $495,000 $450,000 Unknown 100 days 9/26/18
32 Avenida Escala N/A N/A N/A $70,000 $60,000 Unknown 87 days 9/25/18
20311 Stone Pt 5 6 5,447 $1,399,000 $1,284,000 $235 66 days 9/24/18
40120 Calle De Suenos 5 5 3,676 $1,350,000 $1,190,000 $323 312 days 9/20/18
38785 VIA MAJORCA 4 5 4,598 $1,349,000 $1,260,000 $274 54 days 9/18/18
19251 CALLE TERESA 4 4 3,915 $1,450,000 $1,300,000 $332 168 days 9/18/18
33 Avenida Escala N/A N/A N/A $70,000 $65,000 Unknown 76 days 9/14/18
21355 Avenida Rio Encontrado N/A N/A N/A $349,000 $225,000 Unknown 146 days 8/30/18
18775 AVOCADO MESA N/A N/A N/A $324,000 $290,000 Unknown 192 days 8/30/18
43780 Paseo Espinazo 4 3 3,363 $924,900 $845,000 $251 42 days 8/28/18
39100 Avenida La Cresta 3 3 2,655 $949,900 $880,000 $331 408 days 8/23/18
Calle Compina Nuevo N/A N/A N/A $259,900 $245,000 Unknown 95 days 8/13/18
Average: 4.2 4.7 4,163 $870,990 $812,330 $264 138 days
Viewing 1 - 25 of 41
Viewing 1 - 25 of 41

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.