Friday, February 25, 2022

Murrieta, CA Housing Trends as of 02/25/2022

Brian Ward
Murrieta, CA Certified Residential Real Estate Appraiser
https://www.brianward.com/Murrieta/Appraiser/Murrieta.html
Contact: https://forms.gle/6R2NSosPMkniLG5VA
SALES INFORMATION:
# of Sales 0-3 Months: 472
# of Sales 3-6 Months Ago: 557
Change: -15.3%
# of Sales 0-6 Months: 1029
# of Sales 12-18 Months Ago: 557
Change: 84.7%
Linear $/Sf Change, 12 Months: 18.29%
Linear Sales $ Change, 12 Months: 10.75%
Linear $/Sf Change, 6 Months: 5.74%
Linear Sales $ Change, 6 Months: 9.86%
Median Sale Price 0-3 Months: $650,500
Median Sale Price 3-6 Months Ago: $621,900
Change: 4.6%
Median Sale Price 0-6 Months: $635,000
Median Sale Price 12-18 Months Ago: $535,000
Change: 18.7%
Median $/Sf 0-3 Months: $276.26
Median $/Sf 3-6 Months Ago: $270.67
Change: 2.1%
Median $/Sf 0-6 Months: $273.16
Median $/Sf 12-18 Months Ago: $221.71
Change: 23.2%
Sales Price to List Price Ratio 0-3 Months: 100.5%
Sales Price to List Price Ratio 3-6 Mo. Ago: 101.0%
Change: -0.5%
LISTING INFORMATION:
Months of Inventory Based on 30 Day's Sales: 1.2
Anticipated Marketing Time: 0-30 days
# of Listings Past 3 Months: 483
# of Listings 3-6 Months Ago: 590
Change: -18.1%
Listings Days on Market (0-3 Months): 7
Listings Days on Market (3 to 6 Months Ago): 17
Change: 58.8%
Median Listing $/Sf (0-3 Months): $301.53
Median Listing $/Sf (3-6 Months Ago): $390.30
Change: 10.8%
MARKET AREA (PAST 12 MONTHS):
Most Common Living Area Range (Sf): 1,870 to 3,284
Most Common Property Year Built: 1995 to 2013
# of Stories
1 Story / 25.7%
2 Story / 73.4%
3 Story / 0.8%
Split Level / 0.1%