Temecula Market Update May 2013 – Prices up 40% as inventory is below 1 month!
Temecula market update, May 2013.
The available inventory in Temecula for single family homes have for the first time reached a record low level of less than ONE month which continues to affct the market greatly. It is clearly a Seller’s market. The following information is based on Year-over-Year April 2011 through 2012 in Temecula for single family homes.
As you can see, the asking price is up 40% while the SOLD price is up 29%. The median sold price increased from $279,000 to $359,875.
Last year we had 779 homes for sale but we’re now at 468 homes, down 40%.
The average days on market went from 79 days to 32 days, down 60%!
The inventory dropped from 2.4 months to 0.9 month, down 61%!
If you’re a seller you might be surprised what your home is worth right now!
Here’s a link to ALL AVAILABLE HOMES IN TEMECULA
Homes in Temecula range from $10,000 up to $22,000,000
Call or email us anytime. We respond within minutes, not days.
Goran and Lisa Forss, QSC, M.S. Computer Science
Broker, Allison James Estates & Homes
31213 Temecula Parkway
Temecula, CA 92592
Direct: 951-760-6027 Fax: 951-801-7895
Ultimate Real Estate Search Engine: http://www.teamforss.com/