We are fast approaching the month of March and springtime festivities are just around the corner. In this month’s February 2016 market trends report for Menifee, I will be pulling the current numbers in February and comparing them to January. As always my stats are based on single family, detached residences, with 3+ bedrooms and 2+ baths.
- Number of Active Listings in Menifee: 180
- Average Menifee Home Price in February: $368,690
- Number of Closes in January: 72
- Average Sold Price of Menifee Homes in January: $332,733
- Average Days on the Market: 69
I can see right away by looking at the current numbers for the month of February, that we have a total of 180 homes actively listed. The average price that these homes are being listed for this month is $368,690 which has only increased slightly from $362,362.
Moving onto what has been selling over the last month, I can see that there were 106 homes that sold in January and currently we’ve only seen 72! That’s a difference of 32%. The price that homes are actually selling for has only increased $300. The length of time that homes are staying on the market is remaining the same as the previous months. Be sure to check back in the months to come for up to date market report for the city of Menifee.
If you or anyone you know is looking to buy or sell, then please give me a call and I would be more than happy to help with any of your real estate needs. Have a great month! Thanks for taking the time to stop by my site to read February 2016 Market Trends Report for Menifee. Be sure to check back in the months to follow for up to date info on the current market trends for your area.
By: Stefan West – Owner/Broker of West Realty