Menifee Real Estate Market - View Menifee Real Estate Market Trends in California

Spring 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Menifee. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Angela: 951-514-8914 or Diane: 909-239-2629
Average Home Price	$200,000 - View Graph Trend

Average Price Compared to Last Year	Up 0-5%

Average Time on Market	60-90 days

Best Selling Price Range	$150,000 - $199,000

Worst Selling Price Range	$300,000 - $349,000

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Menifee is	Increasing

Seller Activity for the past 90 days in Menifee is?	Decreasing

Multiple Offers?	Yes

Multiple Offers Commentary	When your home is priced right, with the right agents, you’re bound to get multiple offers.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	45-50%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Contact Angela or Diane at Rancon Real Estate to connect with a knowledgeable lender who will help get you going in the right direction to buying your new home.

Housing Inventory	Good supply - Some Prices

Inventory Comments	Lots of big homes for low prices, great communities, excellent locations, easy to access freeways.

Greatest Activity	First Time Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Menifee!

Nearest Metro Area	Riverside

Housing Hot Spots	Most cities within the Riverside County area are considered ’Housing Hotspots’, some great places within Menifee are: Heritage Lakes, Canyon Hills, Canyon Heights, brand new communities along Newport Road connecting you from the 15 to the 215 freeway.

Average Sold Price	$200,000 - View Graph Trend

Menifee Local News

News for Menifee, CA - June 28th, 2011 5:34pm
How fast do you need to submit an offer in Menifee?

News for Menifee, CA - June 20th, 2011 4:30pm
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Contact Information

Diane Caddy and Dana Prochnow

Diane:951-956-7059 Dana:951-375-1464

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Mortgage Rates

– May 28th, 2012 –
---------------------------------

30 yr. fixed rate: 3.82%
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%

Home Values

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Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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Menifee Real Estate Market Trends – California

Menifee Real Estate Market Conditions and Trends