March 2015 Temecula Market Trends Report
Well the month of March is already half over and with spring just days away, we are really starting to see the real estate market pick up here in the Temecula Valley. In this month’s March 2015 Temecula Market Trends Report I will be pulling the numbers for the city of Temecula and comparing them to last month’s numbers. As always my stats are based on single family, detached residence, with 3+ bedrooms and 2+ baths.
- Total Number of Active Listings in March: 345
- Average Temecula Home Listed Price in March: $503,350
- Total Number of Closes in February: 85
- Average Temecula Sold Price for February: $419,685
- Average Days on the Market: 71
Looking right away at the numbers for the month I can see that we are staying pretty steady. Our active number of listings has dropped from 389 in February to now 345 an 11% decrease. As we can see that number is dipping slightly. The average listed price has gone up a bit. We are now seeing a price of $503,350 vs. Februaryâ€™s $478,717.
Now looking at what has been selling in the last month. Iâ€™m not noticing a whole lot of changes in the Temecula real estate market. There were 85 homes in February and January had 86. I am also seeing that the average selling price for homes has only increase by about $5000 from January to February. The only thing that Iâ€™m really noticing an improvement on is the average amount of time that homes are staying on the market. That number has dropped down to 71 from 85.
If you or anyone you know is looking to buy or sell a home, then be sure to give us a call. We can give you a complimentary valuation on your home or if you are looking for your dream home we can set you up with a search that is specific to you. Make sure to check back each month so you can see what the Temecula real estate market is doing.
By: Stefan West Owner/Broker of West Realty