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Temecula Real Estate Market Trends – California

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Temecula Real Estate Market Conditions and Trends

Homes for Sale > Real Estate Market > California Real Estate Market > Temecula Real Estate Market

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Temecula. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 909-938-3665
Average Home Price	$250,000 - View Graph Trend

Average Price Compared to Last Year	Up 0-5%

Average Time on Market	60-90 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$400,000 - $449,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	No Change

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Temecula is	No Change

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

Multiple Offers?	Yes

Multiple Offers Commentary	Sellers of Bank Owned properties and standard sales attract multiple offers and sell quickly. Buyers are attracted to these homes first as opposed to the long waiting periods involved with the short sales.

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

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Financing is readily available up to $417,000. Loans above this in our area become Jumbo Financing which is much more difficult to obtain currently.

Housing Inventory	Good supply - Some Prices

Greatest Activity	First Time Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates which are at historical lows create a perfect time to buy in Temecula! Put this together with our clean air, open spaces, excellent schools and Temecula is the perfect choice!

Nearest Metro Area	Riverside

Housing Hot Spots	Temecula, Murrieta, Menifee, Winchester, Wildomar

Average Sold Price	$250,000 - View Graph Trend

Temecula Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Dan LoCascio

909-938-3665

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Mortgage Rates

– Feb 13th, 2012 –
---------------------------------

30 yr. fixed rate: 3.89%
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%

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Dan LoCascio

Great Western Real Estate Solutions

909-938-3665

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)

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