Menifee Real Estate Agent
We are just 3 weeks away from Thanksgiving and only 7 weeks away from Christmas! I really can’t believe how quickly this year has gone by. Time to start getting into the holiday spirit! In my monthly Menifee Real Estate Agent market trends report, I will be pulling the numbers from September and comparing them to Octobers. As always my stats are based on single family, detached residences, with 3+ bedrooms, and 2+ baths.
- Total Number of Active Listings in Menifee: 263
- Average Menifee Listed Home Price: $325,602
- Number of Homes Sold in October: 73
- Average Selling Price for Menifee in October: $305,555
- Average Days on the Market: 81
Looking right away I see that the numbers aren’t really changing that much. In September we had 272 homes that were on the market and currently we have 263. That’s only a difference of 11 homes. The average price that they are selling for has only decrease by about $1,200.
Moving onto what closed in the month of October in Menifee I can see that we are down to 73 closes compared to 97 in September. That’s a decrease of 24% just shy of a quarter. The average selling price has improved slightly from $303,237 to $305,555. The average amount of time that homes are staying on the market is longer now than in September. We are seeing an average of 24 more days. The Menifee Real Estate Agent market report is not changing much in numbers over the last couple of months.
I hope you have all had a wonderful month so far and looking forward to the upcoming holidays as much as I am. If you or anyone you know is looking to either buy, sell, or just want to know the current market value of your home please don’t hesitate to give my office a call and I would be more than happy to assist you with any of your real estate needs. Keep checking back with me in the months to come to see what the Menifee real estate market is doing.
By: Stefan West – Owner and Broker of West Realty