It is that time once more to give you the speedy and most current information for Temecula real estate! 

I am going to get immediately into the amounts and not waste too much time.  Bear in mind these numbers are for Temecula Valley properties that are active currently and the sales are drawn from August of 2011.  All houses must be in Temecula, single family dwellings, and under $1,000,000 in price.

When comparing the August 2011 report with September, we do not see much in the way of adjustments except in two primary parts - 1) Number of Temecula houses sold and 2) Average Days on Market just before sale.  We did see a powerful increase in sales which are up from 148 Temecula Valley homes sold in July to 171 homes sold in August.  That is a boost of 15.5%.

Even so, we also see a growth in Days on Market which usually indicates the market is slowing down a small bit.  In July, the average was just 57 days in contrast to 73 in August,  a difference of 28%.  That is a clash of data there with almost all things staying almost the same.

I am going to assume that is the effect of short sales concerning Days on Market. The stronger sign is the number of houses closing as a market pattern in my opinion.  Short sale setbacks are incredibly common and also the Days on Market is effected if a short sale becomes a foreclosure, thus adding to that quantity somewhat incorrectly.

That closes your quick September 2011 Temecula Valley Real Estate Market Report.  Please let me know if I can answer any questions for you by simply shooting me an email.  My contact info is on the right and I will be happy to help!