Temecula CA Market Trends April 2015
Spring is in the air! The flowers are blooming and the hills are green. We are really starting to see things pick up in the real estate market in Temecula. In this month’s Temecula CA Market Trends April 2015 I will be pulling the numbers for the city of Temecula and comparing them to the numbers in March. As always my stats are based on single family, detached residences, with 3+ bedrooms, and 2+ baths.
- Total Number of Active Listings in April: 368
- Average Temecula Home Listed Price in April: $507,455
- Total Number of Closes in March: 143
- Average Temecula Sold Price for March: $416,081
- Average Days on the Market: 60
Looking right away I can see that there are only 22 more homes actively on the market currently in April than a month ago in March. We are now seeing 368 vs. 345. The average list price has also been slowly climbing from $503,350 to $507,455, like I said slowly. We are starting to see the market wake up a little bit.
Moving on to what sold last month and by looking at the Temecula CA Market Trends April 2015, I see that we had 143 homes close escrow. In February that number was only at 85. That’s an improvement of 68%! The average price that homes are closing at has only gone up about $3000 in the last 30 days. Homes are tending to remain on the market around 60 days on average vs. last month with an average of 71 days.
If you or anyone you know is looking to buy or sell a home in the area, then give West Realty a call and let us help you with all of your real estate needs. I have been an agent in the Valley for over 10 years and know the area and neighborhoods well. Enjoy the rest of the month and be sure to check back on my website from time to time to see how the Temecula real estate market is looking.
By: Stefan West – Owner/Broker of West Realty