As we start the month of May, I am beginning to realize just how quickly summer is approaching. This is great news for the real estate market since this is usually the busiest time of the year. In my market trends report for the month of April, I will be taking a look at the city of Wildomar to see what the real estate market is currently doing. As always my stats are based on single family, detached residences, with 3+ bedrooms and 2+ baths.
- Total Number of Active Listings in Wildomar: 65
- Average Listed Homes Price for April: $389,577
- Number of Homes Sold in March: 23
- Average Price of Homes Sold in Wildomar: $327,523
- Average Days on the Market: 60
Wow!! Looking right away, just since February we have increased our listings by 490% we only had 11 back in February and now at the close of April we have a total of 65. That’s great news for buyers in the area. This gives them so much more inventory to work with when looking for their next home. The average listing price has gone up a bit also from $321,555 to currently $389,577, that’s an increase of $68,000 or 21% however you want to look at it.
Now taking a peek at what has been closing over the last few months. There were a total of 24 homes in January that sold and in March it only dropped by 1 nothing too exciting with those numbers. There is however a drastic change in the price that home’s sold for. We were looking at $226,282 back in January and within 2 months that number has jumped up $100,000 to $327,523! That’s great for sellers. On average homes are currently staying on the market for 2 months.
If you are interested in selling your home or are looking to purchase in the area please give my office a call and I would be more than happy to assist you in any way I can. I hope you have all had a wonderful month. Make sure to check back with me to see what the real estate market is doing.