Townhouse Starts Indicate Sturdy Market DAILY REAL ESTATE NEWS | THURSDAY, FEBRUARY 22, 2018 Townhouse construction continues to post gains. Over 2017, townhome starts totaled 104,000, a 7 percent
Dont Just List Your Home SELL Your Home
The real estate market has been great for home owners looking to sell lately. Higher sales price, multiple offer situations, and smooth closings,
all a part of our outstanding sales process. So why is it such a great time to sell? Take a look!
Below are the different stages of real estate market health:
0-4 months of inventory = Seller's Market
4-6 months of inventory = Balanced Market
6+ months of inventory = Buyer's Market
Now take a look at where your market area lies below:
Murrieta = 1.5 months of inventory I Avg. Sales Price = $451,275 I Avg. Days on Market = 56
Menifee = 1.5 months of inventory I Avg. Sales Price = $347,016 I Avg. Days on Market = 50
Temecula = 1.7 months of inventory I Avg. Sales Price = $453,683 I Avg. Days on Market = 70
Corona = 1.6 months of inventory I Avg. Sales Price = $457,448 I Avg. Days on Market = 60
There is a great increase of qualified buyers searching the market as we speak. The increase in available buyers is assisted by increased loan limits
for both FHA and Conventional type loans, and the available down payment assistance programs.
If you or someone you know is interested in selling or purchasing a home, we'd love the opportunity to assist. Contact Us at (951) 239-7801, or text the
code HOMEVALUE to (909) 460-8183 to receive an instant FREE online home valuation and seller net sheet!
Hello, We are The Parker Group, powered by RE/MAX Real Pros. Our Brokerage Team is #1 ranked in Southern California. We list and help purchase more real estate in Southern California than any other te....
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