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.

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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%!

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The inventory dropped from 2.4 months to 0.9 month, down 61%!

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If you’re a seller you might be surprised what your home is worth right now!

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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
45100 Redhawk Parkway Temecula, CA 92592
Direct: 951-760-6027  Fax: 951-801-7895
DRE 01876913

Ultimate Real Estate Search Engine:  http://www.teamforss.com/


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