Temecula, CA Housing Trends as of 02/18/2022

Brian Ward

Temecula, CA Certified Residential Real Estate Appraiser

https://www.brianward.com/Temecula/Appraiser/Temecula.html

Contact: https://forms.gle/6R2NSosPMkniLG5VA

SALES INFORMATION:

# of Sales 0-3 Months: 426

# of Sales 3-6 Months Ago: 534

Change: -20.2%

# of Sales 0-6 Months: 967

# of Sales 12-18 Months Ago: 474

Change: 104.0%

Linear $/Sf Change, 12 Months: 21.44%

Linear Sales $ Change, 12 Months: 10.25%

Linear $/Sf Change, 6 Months: 9.51%

Linear Sales $ Change, 6 Months: -3.22%

Median Sale Price 0-3 Months: $700,000

Median Sale Price 3-6 Months Ago: $700,000

Change: 0.0%

Median Sale Price 0-6 Months: $700,000

Median Sale Price 12-18 Months Ago: $580,000

Change: 20.7%

Median $/Sf 0-3 Months: $325.11

Median $/Sf 3-6 Months Ago: $308.71

Change: 5.3%

Median $/Sf 0-6 Months: $312.65

Median $/Sf 12-18 Months Ago: $255.32

Change: 22.5%

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: 1.5

Anticipated Marketing Time: 0-30 days

# of Listings Past 3 Months: 385

# of Listings 3-6 Months Ago: 559

Change: -31.1%

Listings Days on Market (0-3 Months): 8

Listings Days on Market (3 to 6 Months Ago): 16

Change: 50.0%

Median Listing $/Sf (0-3 Months): $327.63

Median Listing $/Sf (3-6 Months Ago): $390.30

Change: 3.7%

MARKET AREA (PAST 12 MONTHS):

Most Common Living Area Range (Sf): 1,567 to 3,553

Most Common Property Year Built: 1990 to 2007

# of Stories

1 Story / 28.6%

2 Story / 70.0%

3 Story / 1.3%

Split Level / 0.1%

Temecula, CA 92592 Housing Trends as of 02/06/2020

Temecula, CA 92592 Housing Trends as of 02/06/2020

Although there were pricing fluctuations over the past year, when comparing the most recent 6 month period with the same period last year the median sale price changed approximately 1% and the median $/Sqft changed approximately 7% overall. There are currently months of home inventory and half of all properties sell in 38 days or less. I anticipate that fewer than 90 days of marketing time will be required to sell common properties over the next 3 months."

Brian A. Ward

State of California Certified Residential Real Estate Appraiser

Temecula CA, Real Estate Appraiser

www.brianward.com

Real Estate Appraisal Services For:

* Date of Death Appraisal / Retrospective Appraisal

* Divorce Appraisal / Marriage Dissolution

* Bankruptcy Appraisal

* Estates

* Trusts

* Expert Witness Testimony

* Before Buying and/or Obtaining a Mortgage (critical)

* Before Selling

* Immigration

* Property Tax Appeals

* Intra-Family Home Purchases and Sales

* Bonds, Such as Bail Bonds

* More!

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Temecula, CA 92592 Housing Statistics as of 10/02/2018

Over the course of the 9 months ending on 10/2/2018, and in Temecula, CA 92592, the total number of sales increased 14%, the total number of active listings increased 63%, the months of housing supply increased 43% to 4.2 months, the median sale price increased 2.1%, the typical market exposure time increased by 15.6% to 37 days, the median list price remained stable and changed 0.0%, the typical listings days on market increased 06.% to 53 days, and the median sale price as a percentage of list price remained stable and changed 0.1%.  

Brian A. Ward

Temecula, CA Certified Residential Appraiser

www.temecula.pro

(951) 309-2131

Real Estate Appraisal Services For:

* Bankruptcy Appraisal

* Divorce Appraisal / Marriage Dissolution

* Estates

* Trusts

* Date of Death Appraisal / Retrospective Appraisal

* Expert Witness Testimony

* Before Buying and/or Obtaining a Mortgage (critical)

* Before Selling

* Property Tax Appeals

* Intra-Family Home Purchases and Sales

* Bonds, Such as Bail Bonds

* More!

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Temecula, CA 92591 March 2017 Market Conditions

Temecula, CA 92591 March 2017 Market Conditions

• Change in the typical sale price between the two most recent 6 month periods: 3%
• Change in the typical sale price between the most recent 6 month period and the same period one year ago: 9%
• Typical months of home inventory in recent months: 3
• Change in the months of home inventory between the two most recent 6 month periods: 7%
• Change in the months of home inventory between the most recent 6 month period and the same period one year ago: -40%
• Typical market exposure time in recent months: 44 days
• Change in the typical market exposure time between the two most recent 6 month periods: -2%
• Change in the typical market exposure time between the most recent 6 month period and the same period one year ago: -34%
• I anticipate that 1 to 2 months of marketing time will be required to sell propertiesf listed for sale at market value.

Brian A. Ward

Temecula, CA Appraiser

www.temecula.pro

(888) 844-1733

Real Estate Appraisal Services For:
* Bankruptcy
* Divorce / Marriage Dissolution
* Estates
* Trusts
* Date of Death / Retrospective Appraisals
* Expert Witness Testimony
* Before Buying and/or Obtaining a Mortgage (critical)
* Before Selling
* Property Tax Appeals
* Intra-Family Home Purchases and Sales
* Bonds, Such as Bail Bonds
* More!

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Temecula, CA 92592 Home Value Trends as of January 2015

Temecula, CA 92592 primarily contains single family residences, parks, and schools.  Most properties are maintained in average to good condition and property quality generally also ranges from average to good.  Most properties range in living area size from 1,070 Sqft to 6,114 Sqft, have 2-6 bedrooms (4 average) and 2-6 bathrooms (3 average).  Public and private services, conveniences, and employment are typical of population centers throughout the county.

The median sale price changed less than 2% over the past year indicating stable property values.  There are currently 2.7 months of inventory, indicating a balanced housing demand/supply trend.  The typical market exposure time has recently been 63 days, and it has been less than 90 days for the past 4 years.

Brian A. Ward
Temecula, CA Appraiser
www.temecula.pro
(888) 844-1733

Real Estate Appraisal Services For:

* Bankruptcy

* Divorce / Marriage Dissolution

* Estates

* Trusts

* Date of Death / Retrospective Appraisals

* Expert Witness Testimony

* Before Buying and/or Obtaining a Mortgage (critical)

* Before Selling

* Property Tax Appeals

* Intra-Family Home Purchases and Sales

* Bonds, Such as Bail Bonds

* More!

Google | Yelp | Facebook