We are
already half way through the month of May which means summer is not far away. I
am really looking forward to days spent at the beach and time to relax with my
kids. In my article for the month I will be looking at what the Menifee real estate market is up to. I am hopeful to see our numbers on the rise! As always
my stats are based on single family, detached residences, with 3+ bedroom and 2+
bathrooms.
·
Total
# of Active Listings: 45
·
Average
Listing Price for May: $337,154
·
#
of Homes Sold in April: 67
·
Average
Sold Home Price in Menifee: $252,160
·
Average
Days on the Market: 63
I can see
right away that we have increased the number of listing in Menifee from 40 in
April to 45 now in May. That’s not a huge increase by any means but it is an
improvement from last month. The price in which they are selling at had
improved slightly from $311,703 to $337,154 8%. With a little more supply this
month it’s makes it easier to get buyers into homes.
Now taking a
look at our closes in Menifee, the number of closes has dropped from 82 in
March to 67 now in April. These homes are selling for a little more than they
were in March by about $12,000. We are also seeing that homes are remaining on
the market a little longer than in previous months.
If you or
someone you know is looking to enter into the real estate market contact my
office and I would be more than happy to help assist you.
By: Stefan West
- Owner/Broker of West Realty
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