Murrieta CA Real Estate Market Report August 2015
Fall is only a month away and the kids are heading back to school. I hope you all had a great summer. I know mine was full of family, friends, vacations, and warm days by the pool and beach. The real estate market in Murrieta has been busy this summer with buyers and sellers. In this month’s Murrieta CA Real Estate Market Report August 2015 I will be pulling the current numbers for August and comparing them to March. As always my stats are based on single family, detached residences, with 3+ bedrooms, and 2+ bathrooms.
- Total Number of Active Listings in August: 398
- Average Murrieta Home Price in August: $447,455
- Total Number of Closes in July: 221
- Average Murrieta Sold Price for July: $375,477
- Average Days on the Market: 61
Well looking right away I can see that we have made some improvements over the last 5 months. Back in March we were only seeing about 335 homes active on the market and currently we have a total of 398. That’s an improvement of 18%! Over the summer months real estate in Murrieta, CA has been pretty active. It has been a seller’s market for sure and we have seen bidding wars with multiple offers and over asking price which makes sellers very happy. The price that homes are being listed for has stayed pretty much the same with only $2,000 decrease from March.
Moving onto what we have seen close in July, there were 221 Murrieta homes that closed escrow. Back in March there were 116 closes. That is a huge improvement with a 90% increase in closes! These homes are selling for a little more than they were a few months ago. Last month was averaging $375,477 and March was and average of $368,618. The average days on the market has improved from 76 days in March to now 61.
As always if you or anyone is looking to buy or sell a Murrieta home, please give Mr. Murrieta a call and we would be more than happy to help you with any of your real estate needs. Make sure to check back with me in the months to come for up to date market trends reports.
By: Stefan West AKA Mr. Murrieta – Owner/Broker of West Realty