Menifee Market Trends Report October 2015
The month of October is coming to a close in just a few short days which means it’s time to really start gearing up for the holiday season. Thanksgiving is right around the corner and with that brings family gatherings, amazing food, and the most wonderful time of the year. In this month’s Menifee market trends report, I will be pulling the number for the Menifee Market Trends Report October 2015 and comparing them to September. As always my stats are based on single family, detached residence, with 3+ bedrooms, and 2+ bathrooms.
• Total Number of Active Menifee Listings in October: 236
• Average Menifee Home Price in October: $356,056
• Total Number of Closes in September: 104
• Average Menifee Sold Price in September: $327,994
• Average Days on the Market: 48
The city of Menifee has taken a slight dip in the number of active listings this month from 262 in September to 236 now in October. That is a decrease just shy of 10%. The average price that homes are listed for has improved by only $3000. The city of Menifee seems to be staying about the same as the previous months.
Moving onto what’s selling in the city of Menifee, I can see that the numbers are not fluctuating very much from month to month. We had a total of 104 homes sell in the month of September and in August there were 106. The average price that homes are selling for has gone up a bit from $315,601 to $327,994. That is only a 3% increase. The days that homes are staying on the market has improved from 62 days in August to 48 in September.
If you or anyone you know is looking to buy or sell in the city of Menifee then please give West Realty a call as we would be more than happy to help you with any of your real estate needs. Make sure to check back each month for up to date market trends reports in the area.
By: Stefan West – Owner/Broker of West Realty