Murrieta CA Condo Prices - Med: $125,000; Med SqFt: $99.22, 07/10/2012

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Real Estate Broker/Owner with 3B Realty: 951-347-3818, CA BRE# 01864774
http://actvra.in/DLg

Murrieta CA Condo Prices - Median: $125,000; Median SqFt: $99.22, July 10, 2012.

There were 67 condos and townhomes for sale in Murrieta CA that closed (sold) during the past 90 days with a median home price of $125,000 and a median price-per-square-foot of $99.22, according to the California Regional MLS (Multiple Listing Service).There were 67 condos and townhomes for sale in Murrieta CA that closed (sold) during the past 90 days with a median home price of $125,000 and a median price-per-square-foot of $99.22, according to the California Regional MLS (Multiple Listing Service).

Last month, 68 townhomes and condos for sale closed with a median sales price of $124,500 and a median price-per-square-foot of $98.72. One year ago, 82 townhomes and condos for sale closed with a median sales price of $120,000 and a median price-per-square-foot of $92.40.*

Median sold prices of Murrieta Condos and Townhomes over the last 24 months.The charts on the right show the median sold price trends for condominiums and townhomes in the City of Murrieta. (Sold prices are the actual amount that buyers paid for the home.) The first chart shows sold prices over the past 24 months. The second chart shows sold prices since 2002. The blue SOLD line in each chart shows the month-to-month fluctuations in sold prices. The red TREND line smoothes the month-to-month fluctuations using a 12-month moving average. The TREND line makes it easier to determine the overall housing market’s price trend. Median sold prices of Murrieta Condos and Townhomes since 2002.

Follow the link to view my list of Murrieta Condos and Townhomes for Sale.

CONDO & TOWNHOME INVENTORY

The last chart shows the trend of Murrieta condo and townhome inventory. Inventory is the number of homes currently listed for sale. When the number of homes listed for sale rises, it puts downward pressure on home prices because of increased supply. In contrast, when the number of homes listed for sale falls, it puts upward pressure on prices due to a smaller supply. The blue ACTIVE line shows the week-to-week fluctuations in home inventory. The red TREND line smoothes the week-to-week fluctuations using a six-week moving average. The TREND line makes it easier to determine the overall inventory trend.This chart shows the trend of Murrieta condo and townhome inventory. Inventory is the number of homes currently listed for sale. When the number of homes listed for sale rises, it puts downward pressure on home prices because of increased supply. In contrast, when the number of homes listed for sale falls, it puts upward pressure on prices due to a smaller supply.

ABSORPTION RATES

Buying a house? Selling a house? Whether you’re a home buyer or a home seller, you need to know about absorption rates. Why? Because knowing neighborhood absorption rates can help you better determine whether it’s a buyer’s market or a seller’s market, and what the home’s fair market value is.

Follow the link to check out Murrieta Condo and Townhome Absorption Rates!

*The values shown for each month are based on data measured during the prior 90 days of activity. For example, values shown for December 2011 are based on data measured from the beginning of October 2011 through the end of December 2011. The information provided is deemed reliable, but is not guaranteed.

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Topic:
Real Estate Market Trends
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California Riverside County Murrieta Bear Creek
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Rainmaker
1,074,417
Bill Burchard
Broker, Realtor - Murrieta Homes For Sale, Califor
3B Realty: 951-347-3818, CA

More about me: I’m Bill Burchard, a real estate broker licensed by the California Department of Real Estate (Lic: 01864774). I specialize in Murrieta homes for sale, including bank foreclosures (REO properties) and short sales. I also specialize in Greer Ranch homes for sale, the community where I live. I serve the real estate needs of both home buyers and home sellers in Greer Ranch and in Murrieta, CA.

If you want more information about buying or selling Murrieta real estate, or if you want more information about my Greer Ranch Community (including properties for sale), please contact me, Bill the Murrieta Broker, by phone or text at (951) 347-3818, or email me at Bill@my3BRealty.com.

July 11, 2012 08:09 AM
Rainmaker
1,074,417
Bill Burchard
Broker, Realtor - Murrieta Homes For Sale, Califor
3B Realty: 951-347-3818, CA

More about Murrieta, CA: The City of Murrieta is a young vibrant community cradled in the junction of the 15 and 215 freeways in southwest Riverside County. Murrieta lies on the northern border of Temecula, CA, famous for its Temecula Wine Country.   Bill the Murrieta Broker: REALTOR®, SFR, CBRS, DRE Lic: 01864774, Cell: 951-347-3818, Email: Bill@my3BRealty.comMore about Murrieta, CA: The City of Murrieta is a young vibrant community cradled in the junction of the 15 and 215 freeways in southwest Riverside County. Murrieta lies on the northern border of Temecula, CA, famous for its Temecula Wine Country.

Follow the link to view my list of Murrieta Single Family Homes for Sale.
Follow the link to view my list of Murrieta Condos and Townhomes for Sale.

Bill the Murrieta Broker: REALTOR®, SFR, CBRS, DRE Lic: 01864774,
Cell: 951-347-3818, Email: Bill@my3BRealty.com

July 11, 2012 08:11 AM
Rainmaker
1,074,417
Bill Burchard
Broker, Realtor - Murrieta Homes For Sale, Califor
3B Realty: 951-347-3818, CA

More about Bear Creek, Murrieta CA: The Bear Creek Community is a fully developed, meticulously well-maintained guard-gated neighborhood, featuring a wide range of homes, from condominiums and villas, to spacious single family homes and magnificent estates. Fashioned around a Jack Nicklaus Signature Golf Course, many homes have gorgeous views of pristine fairways and greens. Located in Murrieta, CA, Bear Creek is a wonderful place to live and play, and to raise a family.  Bill the Murrieta Broker: REALTOR®, SFR, CBRS, DRE Lic: 01864774, Cell: 951-347-3818, Email: Bill@my3BRealty.comMore about Bear Creek, Murrieta CA: The Bear Creek Community is a fully developed, meticulously well-maintained guard-gated neighborhood, featuring a wide range of homes, from condominiums and villas, to spacious single family homes and magnificent estates. Fashioned around a Jack Nicklaus Signature Golf Course, many homes have gorgeous views of pristine fairways and greens. Located in Murrieta, CA, Bear Creek is a wonderful place to live and play, and to raise a family.

Follow the link to view my list of Bear Creek Homes and Condos for Sale.

Bill the Murrieta Broker: REALTOR®, SFR, CBRS, DRE Lic: 01864774,
Cell: 951-347-3818, Email: Bill@my3BRealty.com

July 11, 2012 08:12 AM
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Bill Burchard

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