Menifee CA Homes Market Analysis January 2012

The year of 2012 has finally begun. With the new year comes new year’s resolutions and fresh beginnings. I hope everyone started out the year 2012 safe and secure, ready to take on a new year. I myself have decided to get an early jump on my market advisories for 2012. As usual, my market analysis is based on single family homes, 3+ bedrooms, 2+ baths, and detached. Let us take a look at how Menifee faired this new year:

• Total Number Of Actives Listed On Market in January: 263
• Average Menifee Home Listed Price: $ 223,935
• Number of Menifee Properties Sold in December: 75
• Average Menifee Sold Property Price: $209,054
• Average Days On Market Prior To Sale in December: 90

Hmmmmmm, so there have been a few significant differences between January’s Menifee market report and December’s Menifee market analysis. The first thing that grabbed my attention was the difference in the number of homes sold month to month. November’s Menifee properties sold was 58, a drop from October’s 68 homes sold. So, the growth from 58 homes sold in November to 75 properties sold in December is a substantial jump. In fact, it is a 22.66% increase. That is a pretty significant difference. People were doing more than just buying instores this past month.

Now, after seeing the number of properties sold in Menifee, let’s look at the average price at which these homes sold at. November’s Menifee market statistics showed that the average sold price was $225,949 while December’s average sold price was $209,054. That is a 7.47% reduction from November to December. However, if we take a look at October, the sold price was $209,566. That explains that this decrease isn’t monumental. It looks like a normal fluctuation from month to month, especially considering the significant growth in number of Menifee homes sold.

I hope my Menifee real estate market statistics and analysis help you with your home buying needs. If you have any other questions, don’t hesitate to send me an email. I hope you and your family had a wonderful new years and I’m looking forward to filling your market report needs this year.

Stefan West