Temecula Real Estate Market Comparison Report (february 2009 Vs. February 2010)

We analyze several housing market indicators in order to present an in-depth breakdown

of Temecula Real Estate Market comparing February 2009 to February 2010.

Summary of Key Points

Temecula Real Estate has started showing marginal signs of improvement with median sales price climbing up a little bit. Number of units sold also increased marginally.

Key Statistics, Temecula, CA: Median Sales Price (1.06%), Median Days on Market (22.00%), and Number of Units Sold (5.88%), Sales Price to List Price Ratio (Feb 09 99% - Feb 10 99%)

Temecula Real Estate

The city of Temecula experienced a 1.06% increase in median sales price from last year going up from $309,607 (Feb. 09) to $312,889 (Feb. 2010). Median days on market data for Temecula show that houses are selling slower than Feb 09. It took 55 days in Feb 09 for a house to sell and for Feb 10 that number has gone up to 67 days (a 22.00% deterioration). Another important factor to consider is total number of units sold. In the month of Feb 09, 136 units were sold compared to 144 for Feb 10 (5.88% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Temecula. SP/LP ratio for Feb 09 was 99% compared to 99% for Feb 10.

Lets take a brief look at neighbors Lake Elsinore and Murrieta. Lake Elsinore Real Estate featured a 3.91% increase in median sales price ($172,886 Feb 09 - $179,642 Feb 10) and Murrieta Real Estate saw a 4.83% increase ($268,306 Feb 09 - $281,266 Feb 10). Are houses in Lake Elsinore and Murrieta selling faster or slower this year? Well, Lake Elsinore experienced a 22.56% increase (45 to 55 days) in median days on market and Murrieta saw a 71.40% increase (41 to 70 days). In the units sold category, Lake Elsinore sold 12 units less (-9.84%) in Feb 2010 than 09 and Murrieta sold 58 units less (-29.59%) in Feb 2010 than Feb 09.

for viewing the latest market inventory

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In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.

HomeSearchFinder.com provides a Proprietary Affordability Mortgage Calculator. It matches your profile against the programs our lenders offer and instantly communicates the PreQual Mortgage amount and the Purchase price you are eligible for.

by: Shaye P

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