Menifee Market Update for April 2016
Springtime is officially here and Mother’s Day is just a few days away. Hopefully you have something special planned for the mom in your life for Sunday. In this month’s Menifee market update for April 2016 market trends report I will be pulling the numbers for the city of Menifee for the month of April and comparing them to the numbers in February. As always my stats are based on single family, detached residences, with 3+ bedrooms and 2+ baths.
• Number of Active Listings in Menifee in April: 147
• Average Menifee Home Price in February: $373,162
• Number of Closes in March for Menifee: 211
• Average Sold Price of Menifee Homes in February: $339,846
• Average Days on the Market: 52
When looking at the current numbers for the active listings in Menifee for April I see that there are 147 active homes listed for sale. We were seeing a little higher number of homes back in February with 180. The average price that homes are being listed for in Menifee is currently $373,162 and in February the average was $368,690. So, only a slight increase of about $5,000 over the last 2 months.
Now taking a look at the closes in March and April we have a number of 211 homes. In February there were only 72. That gives us an increase of 193%, granted that’s spread out over 2 months but it’s still an improvement. We are seeing the average sold price remain fairly steady at $339,846 which is only slightly higher from February’s $332,733 average.
If you or anyone you know is looking to buy or sell in the area, then please don’t hesitate giving me a call. I would be more than happy to do a current market valuation of your home or set you up on an MLS search specific to your wants and needs if looking to buy. Thanks for taking the time to ready my Menifee market update for April 2016. Make sure to check back with me in the months to follow for up to date market reports in the area.
By: Stefan West – Owner/Broker of West Realty