Friday, July 1, 2022

Murrieta, CA Housing Trends as of 06/20/2022

 

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: 603
# of Sales 3-6 Months Ago: 489
Change: 23.3%
# of Sales 0-6 Months: 1102
# of Sales 12-18 Months Ago: 641
Change: 71.9%
Linear $/Sf Change, 12 Months: 21.45%
Linear Sales $ Change, 12 Months: 19.5%
Linear $/Sf Change, 6 Months: 13.99%
Linear Sales $ Change, 6 Months: 22.82%
Median Sale Price 0-3 Months: $700,000
Median Sale Price 3-6 Months Ago: $660,000
Change: 6.1%
Median Sale Price 0-6 Months: $680,000
Median Sale Price 12-18 Months Ago: $590,000
Change: 15.3%
Median $/Sf 0-3 Months: $305.27
Median $/Sf 3-6 Months Ago: $286.31
Change: 6.6%
Median $/Sf 0-6 Months: $298.37
Median $/Sf 12-18 Months Ago: $249.23
Change: 19.7%
Sales Price to List Price Ratio 0-3 Months: 103.0%
Sales Price to List Price Ratio 3-6 Mo. Ago: 102.0%
Change: 1.0%
LISTING INFORMATION:
Months of Inventory Based on 30 Day's Sales: 1.7
Anticipated Marketing Time: 30-60 days
# of Listings Past 3 Months: 755
# of Listings 3-6 Months Ago: 558
Change: 35.3%
Listings Days on Market (0-3 Months): 15
Listings Days on Market (3 to 6 Months Ago): 8
Change: 87.5%
Median Listing $/Sf (0-3 Months): $310.65
Median Listing $/Sf (3-6 Months Ago): $300.00
Change: 3.5%
MARKET AREA (PAST 12 MONTHS):
Most Common Living Area Range (Sf): 1,485 to 3,731
Most Common Property Year Built: 1989 to 2005
# of Stories
1 Story / 36.0%
2 Story / 63.7%
3 Story / 0.3%