West Murrieta Market Report

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West 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
23553 Sycamore Creek Avenue 5 4 3,396 $564,900 $166 1 day
37125 WILD ROSE Lane 4 2 2,060 $495,000 $240 2 days
41183 Primula Circle 2 2 885 $309,900 $350 16 days
35860 Lajune Street Unit #3 3 3 1,761 $335,000 $190 5 days
38364 Oaktree 2 2 1,720 $379,000 $220 5 days
24736 Ridgewalk Street Unit #3 3 3 1,411 $310,000 $219 5 days
24495 Saradella Court 3 3 1,716 $424,900 $247 6 days
42370 Meadowlark 3 2 1,440 $599,000 $415 6 days
38214 Copperwood Street 4 3 2,743 $490,000 $178 6 days
Elm Street N/A N/A N/A $609,900 Unknown 7 days
23491 Karen Place 5 3 3,187 $539,900 $169 3 days
38576 Quail Ridge Drive 5 4 6,625 $1,499,000 $226 7 days
38481 Oaktree Loop 3 3 1,840 $420,000 $228 10 days
35691 Bowervine Place 4 3 2,952 $529,900 $179 13 days
24967 3rd Avenue 3 2 1,921 $369,990 $192 12 days
26921 Contignac Drive 5 3 2,333 $469,000 $201 14 days
38255 Paseo Chaparro 4 4 2,680 $1,059,000 $395 13 days
23075 Rancho Peak Place 2 2 1,553 $379,900 $244 16 days
41796 Cornwell Place 3 3 2,263 $449,000 $198 19 days
24270 Luna Brilla Lane 5 4 3,757 $1,050,000 $279 19 days
37760 Botanica Place 6 4 3,646 $550,000 $150 19 days
24039 Golden Pheasant Ln 3 2 1,420 $349,900 $246 21 days
24935 Washington Avenue N/A N/A N/A $1,000,000 Unknown 21 days
41943 Zafra 4 3 1,865 $399,990 $214 20 days
23480 Bending Oak Court 6 3 2,999 $530,000 $176 22 days
Average: 4.0 3.5 3,138 $757,216 $230 46 days
Viewing 1 - 25 of 171
Viewing 1 - 25 of 171
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
24027 Sweet William Lane 4 3 2,700 $459,900 $170 9 days
42061 Wagon Wheel Lane 5 4 3,250 $769,000 $236 3 days
Avenida La Cresta N/A N/A N/A $200,000 Unknown 28 days
27308 Bottle Brush Way 5 3 3,658 $488,888 $133 60 days
23257 Joaquin Ridge Drive 4 3 2,218 $419,900 $189 17 days
38076 Murrieta Creek Drive 5 4 3,120 $599,000 $191 42 days
24062 Bearskin Circle 4 3 2,331 $414,900 $177 16 days
41840 Davenport Way Unit #A 3 3 1,630 $304,900 $187 56 days
41949 Zafra Street 4 3 2,026 $409,990 $202 32 days
26931 Lemon Grass Way 4 3 2,952 $500,000 $169 30 days
25780 Washington Avenue N/A N/A N/A $900,000 Unknown 76 days
42575 Kalmia Street 4 2 2,815 $799,000 $283 44 days
42190 Clairissa Way 5 4 3,396 $535,000 $157 68 days
24265 Adams Avenue 4 4 3,178 $779,000 $245 75 days
42868 Joshua Tree Court 5 4 3,799 $769,000 $202 76 days
26143 Jan Valerie Road 3 2 1,440 $524,900 $364 62 days
23794 Bush Court 4 3 3,084 $640,000 $207 80 days
23492 Bending Oak Court 4 2 2,095 $484,900 $231 124 days
24225 Douglass Avenue 4 3 1,900 $1,100,000 $578 119 days
39894 Via Castana 4 3 2,153 $350,000 $162 123 days
Average: 4.2 3.1 2,652 $572,413 $227 57 days
Viewing 1 - 20 of 20
Viewing 1 - 20 of 20
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
27811 Tamrack Way 5 3 3,000 $500,000 $500,000 $166 31 days 11/9/18
38240 Pine Creek Place 6 4 3,523 $529,907 $520,000 $147 79 days 11/9/18
41410 Juniper Street Unit #422 2 2 1,159 $239,000 $241,500 $208 5 days 11/8/18
41714 Magnolia Street 4 3 2,447 $397,000 $407,000 $166 28 days 11/8/18
22529 Live Oak Court 5 6 9,000 $2,490,000 $1,898,000 $210 478 days 11/5/18
23888 HAYES 5 4 3,306 $730,000 $700,200 $211 12 days 10/31/18
24431 WHITAKER Way 5 5 3,842 $549,999 $562,900 $146 91 days 10/31/18
23244 Clear Creek Street 5 3 2,860 $630,000 $630,000 $220 0 days 10/30/18
23947 Susana Way 6 4 2,979 $579,000 $555,000 $186 62 days 10/30/18
41685 Elk Run Drive 4 3 2,331 $449,000 $450,000 $193 15 days 10/29/18
37279 Bunchberry Lane 4 3 3,010 $469,900 $472,500 $156 21 days 10/26/18
41536 Blue Canyon Avenue Unit #1 3 3 1,548 $315,000 $315,000 $203 38 days 10/25/18
23537 Rustic Road 4 3 2,417 $499,900 $464,100 $192 0 days 10/24/18
26466 Arboretum Way Unit #2308 1 1 787 $219,500 $214,000 $271 38 days 10/24/18
23778 Hayes Avenue 5 4 3,828 $580,000 $580,000 $151 50 days 10/24/18
22461 Bear Creek Drive N 3 3 2,971 $1,050,000 $1,050,000 $353 1 day 10/19/18
42748 Mountain Shadow Road 4 3 2,417 $449,999 $442,000 $182 59 days 10/18/18
42338 Gold Cup Lane 5 5 4,086 $1,098,000 $1,080,000 $264 75 days 10/17/18
39679 Tamarisk Street 4 4 3,617 $515,000 $515,000 $142 100 days 10/17/18
42100 Clairissa Way 5 4 3,686 $470,000 $460,000 $124 73 days 10/16/18
24909 Madison Avenue Unit #3424 2 2 1,159 $239,900 $239,900 $206 1 day 10/15/18
38308 Willow Court 5 3 2,901 $529,000 $529,000 $182 58 days 10/15/18
42808 Joshua Tree Court 4 4 3,577 $849,990 $849,990 $237 147 days 10/15/18
23799 Humphrey Court 4 3 3,084 $679,500 $665,000 $215 14 days 10/12/18
23219 Joaquin Ridge Drive 3 2 1,682 $405,000 $386,000 $229 12 days 10/11/18
Average: 3.8 3.0 2,532 $501,834 $491,487 $203 47 days
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Viewing 1 - 25 of 235

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.