What a breath-taking day it is in the city of Wildomar! The rain storm has finally passed and the first day of Spring has come. Let's see if this beautiful Wildomar weather comes with good news for the housing market. Generally, the criteria for my market advisories are single family homes, detached, and with 3+ bedrooms, 2+ baths. Let's see what Wildomar has done for us this March:
• Total # Actively Listed On Market in March: 64
• Average Wildomar Home Listed Price: $ 237,146
• # of Wildomar Properties Sold in February: 30
• Average Sold Wildomar Property Price: $ 202,632
• Average Days On Market Of Homes Sold in February: 112
Well this was an interesting month for Wildomar's real estate market. There were numerous large percentage changes with both the actives for March and the closed for February. Let's see if looking at the closed figures from February first will give us some insight into where March's active figures are going. The biggest percentage difference from month to month was for the number of days on market. It increased from 72 days to a whopping 112 days on market! That is about a 55.55% increase in days. That is a change I rarely see month to month. The amount of sold homes also grew about 36% from 22 properties in January to 30 properties in February. It may have taken a lot longer for these properties to close but the amount of properties that closed jumped up as well. The price at which these properties sold decreased a minute 1%, which is about a $3,200 difference. With the significant differences in figures, let's see if we can notice the trend continuing or changing again.
Now we see the number of active homes listed as well as the price of those listed properties drop from the month of February to the month of March. The listed price decreased about 1% from $240,000 to $237,000. This $3,600 difference is also a minor change in price. However, the amount of homes actively listed dropped 21.95% from about 80 homes in February to 64 homes in March. Can we see if what we saw close in February will continue on as an increasing trend? I don't think so. Looking back at my previous months' market statistics, the numbers were all lower. We are just going to have to wait and see what April brings us.
Well, that is my Wildomar real estate market report for March 2012. I hope I leave you and your family well and happy. If you have any questions, don't be afraid to contact me anytime. Thank you and Happy March!