What an amazing end of year for the city of Menifee! The weather has been great, the buying crazy, and the holiday feel is all around.  As we move closer to the new year, people keep asking me how the real estate market is doing.  I feel the election, the stock market, and the real estate market are truly on people's mind at this time of year.  So I have gathered my numbers together so you can remain current on the Menifee real estate market.

As you probably know, my figures are pulled primarily based on single family houses, 3+ bedrooms, 2+ baths, and detached in nature.  This excludes condos and townhomes but I believe it to be the finest indicator of the industry.  Let's have a peek:

These quantities are in line with what I anticipated for the traditional slowing down as the holiday season  comes up.  Ironically, when I wrote my Temecula real estate advisory and trends, I had been shocked to see a rise in closings comparing month to month.  But in Menifee we see a more standard fall in closings from 68 in Oct to 58 in November, a decrease of 14.7%.  We also saw an important decrease in sales moving from Sept to October - so I am being careful with pricing at this moment.

With that said, pricing of Menifee properties sold actually grew generally, from $209,560 last month to $225,950, a 7.82% increase in sold pricing.  This pricing variation continues a trend for three months now however Nov was definitely the largest jump.  Supply has remained practically precisely the same and days on market rose from 78 last month to 85 days this month.  So the big change in avg. sold cost is a shock seeing that sales numbers are lower, no change in supply, and that it is taking homes longer to sell.

That wraps up your Dec. Menifee Real Estate report!  I hope the holidays are fantastic for you and your family and wish you all a very Merry Christmas!