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
25096 Jefferson Avenue Unit #D N/A N/A 1,901 $525,000 $276 2 days
24225 Chestnut Oak 4 4 3,042 $524,990 $172 2 days
24205 Chestnut Oak 5 4 2,764 $498,990 $180 2 days
41652 Evening Shade Place 4 2 2,516 $559,500 $222 9 days
41737 Ridgewalk Street Unit #4 3 3 1,411 $299,500 $212 8 days
24030 BEARSKIN Circle 3 2 1,836 $369,900 $201 0 days
26658 Jefferson Avenue N/A N/A N/A $375,000 Unknown 14 days
38231 Calle Cipres 6 4 3,717 $750,000 $201 14 days
41566 Grand View Drive 5 3 3,168 $589,000 $185 14 days
38700 Bears Paw Drive 2 4 2,061 $465,000 $225 18 days
38075 Silver Fox Court 4 6 8,052 $1,950,000 $242 17 days
24909 Madison Avenue Unit #1414 2 2 1,159 $260,000 $224 15 days
42524 Sherry Lane 5 6 3,842 $565,000 $147 19 days
41944 Zafra Street 3 3 1,750 $385,990 $220 19 days
41949 Zafra Street 4 3 2,028 $403,990 $199 19 days
23863 Via Alisol 4 3 2,731 $464,900 $170 19 days
23333 White Oak Lane 4 3 2,983 $469,900 $157 20 days
41935 C Street 3 2 1,148 $335,000 $291 20 days
38260 Oaktree 2 3 1,614 $389,999 $241 20 days
38281 Shoal Creek Drive 4 4 4,106 $954,900 $232 24 days
35641 Pecan Tree Lane 3 3 2,940 $499,000 $169 48 days
26065 Monroe Avenue N/A N/A N/A $230,000 Unknown 26 days
26045 Monroe Avenue N/A N/A N/A $230,000 Unknown 26 days
37965 Pinnacle Court 3 4 3,010 $825,000 $274 27 days
24224 Bay laurel 5 4 2,365 $436,990 $184 32 days
Average: 3.9 3.4 3,022 $751,301 $239 92 days
Viewing 1 - 25 of 128
Viewing 1 - 25 of 128
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
38337 Cherrywood Drive 3 3 2,691 $524,900 $195 3 days
24086 Bearskin Circle 4 3 2,447 $410,000 $167 14 days
24255 Douglass Avenue 4 3 2,158 $799,000 $370 18 days
24010 Via Alisol 5 3 3,073 $499,000 $162 22 days
23782 Bush Court 5 4 2,766 $580,000 $209 36 days
38241 Placer Creek Street 4 3 2,834 $516,500 $182 49 days
42030 C Street N/A N/A 733 $725,000 $989 60 days
38241 Placer Creek Street 4 3 2,834 $516,500 $182 49 days
24128 Huntridge Drive 4 3 2,331 $415,000 $178 10 days
24736 Ridgewalk Street Unit #3 3 3 1,411 $299,900 $212 59 days
42370 Meadowlark 3 2 1,440 $575,000 $399 43 days
42061 Wagon Wheel Lane 5 4 3,250 $769,000 $236 22 days
24318 Pantera Court 3 3 1,716 $419,000 $244 59 days
38060 Bear Canyon Drive 4 5 5,420 $1,390,000 $256 91 days
39345 Calle San Clemente 3 3 1,669 $399,000 $239 86 days
24198 Chestnut Oak 4 4 2,413 $457,550 $189 74 days
24221 Chestnut Oak 5 4 2,764 $508,990 $184 114 days
41679 Wild Iris Avenue Unit #3 3 3 1,444 $321,900 $222 87 days
38251 Hazelwood Street 4 3 2,838 $499,900 $176 120 days
25780 Washington Avenue N/A N/A N/A $900,000 Unknown 146 days
38725 Bears Paw Drive 2 2 1,912 $369,900 $193 158 days
41673 Ridgewalk Street Unit #1 3 3 1,411 $293,000 $207 184 days
42256 Iron Gate Lane 4 2 1,912 $355,000 $185 108 days
41700 Cornwell Place 3 3 2,263 $469,900 $207 122 days
24944 Truman Place 4 4 3,577 $949,000 $265 184 days
Average: 3.9 3.2 2,467 $561,149 $245 86 days
Viewing 1 - 25 of 29
Viewing 1 - 25 of 29
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
37125 WILD ROSE Lane 4 2 2,060 $495,000 $490,000 $237 29 days 1/18/19
42204 E View Way 5 4 3,748 $515,000 $500,000 $133 102 days 1/18/19
26143 Jan Valerie Road 3 2 1,440 $524,900 $492,500 $342 62 days 1/18/19
38080 Bear Canyon Drive 4 4 4,495 $899,000 $855,000 $190 204 days 1/18/19
24265 Adams Avenue 4 4 3,178 $779,000 $770,000 $242 75 days 1/11/19
38554 Lochinvar Court 3 3 2,145 $425,000 $417,000 $194 104 days 1/10/19
39511 Oak Circle 4 3 1,640 $339,900 $335,000 $204 119 days 1/10/19
38481 Oaktree Loop 3 3 1,840 $415,000 $410,000 $222 36 days 1/9/19
38215 Pine Creek Place 5 3 2,901 $509,900 $505,000 $174 106 days 1/7/19
42140 Clairissa Way 5 4 3,814 $499,950 $492,500 $129 9 days 1/3/19
38231 Oaktree 3 3 1,865 $439,000 $419,000 $224 26 days 12/28/18
24495 Saradella Court 3 3 1,716 $423,900 $423,900 $247 24 days 12/28/18
42245 Wildwood Lane 4 3 2,960 $442,100 $422,427 $142 95 days 12/27/18
Formby Court N/A N/A N/A $339,000 $320,000 Unknown 288 days 12/27/18
41410 Juniper Street Unit #2012 2 2 1,159 $259,999 $255,000 $220 32 days 12/26/18
23459 Karen Place 4 3 3,187 $439,900 $420,000 $131 84 days 12/26/18
26921 Contignac Drive 5 3 2,333 $464,900 $468,000 $200 30 days 12/21/18
23691 Iride Circle 4 3 1,430 $360,000 $370,000 $258 33 days 12/21/18
19151 Avenida De Louisa 3 4 4,000 $1,550,000 $1,360,000 $340 6 days 12/21/18
23553 Sycamore Creek Avenue 5 4 3,396 $564,900 $550,000 $161 0 days 12/20/18
23443 Karen Place 6 4 3,738 $699,000 $665,000 $177 67 days 12/20/18
23853 Pepperleaf Street 4 3 2,636 $350,000 $351,000 $133 5 days 12/14/18
37348 Deep Wood Drive 4 3 2,622 $475,000 $467,500 $178 7 days 12/14/18
23745 Wisteria Place 4 3 2,405 $459,900 $445,000 $185 60 days 12/14/18
38081 Stone Meadow Drive 3 3 2,908 $569,000 $558,000 $191 44 days 12/13/18
Average: 3.8 3.0 2,584 $518,614 $502,862 $204 53 days
Viewing 1 - 25 of 172
Viewing 1 - 25 of 172

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.