Real Estate Data
First Time Home Buyer Facts
7 Essential First-Time Homebuyer Facts
From 2016- from housingwire.com
- 32 is their median age.
- 24% used a gift as source of down payment.
- 74% rented before buying.
- 21% lived with parents, relatives or friends before buying.
- 67% said the “Desire to own our own home” as the primary reason for buying.
- Of all first-time homebuyers- 58% are married couples. 18% are single females. 14% are unmarried couples. 8% are single males.
- 35% of all home buyers are buying their first home- up 3% from last year.
Do you desire to “own your own home”? Let us help guide you in the process. We are a husband and wife full time real estate team. We’re here for you when you are ready!
Gary & April Greer 951-522-0518 or april@teamgreer.com
Southern California Home Sales
Southern California July 2016 Home Sales Volume Dips, however-
Median Sale Price Steady Month to Month and Up Year Over Year (*Median Price 7-15/7-16)
The typical mortgage payment that Southern California home buyers committed to in July 2016 was $1,662, down slightly from $1,683 in July 2015. Adjusted for inflation, the July 2016 payment was 43.6% below the $2,946 in July of 2007.
Cash Buyers accounted for 19.6% of July 2016 home sales. That is the lowest level for any month since October 2008. Cash sales peaked in February 2013 at 37.5% of the market. The monthly average for cash buyers since 1988 is about 16%.
Absentee buyers (investors and second home purchasers) bought 19.9% of South land homes sold in July 2016. The peak was 32.2% in February 2013. The monthly average for absentee buyers since 1988 is about 18.0%.
The median price paid for all Southern California homes sold in July 2016 was $465,000. That was the highest for any month since August 2007 when it was $500,000.
Home Sales of $500,000 or more accounted for 45% of all sales in July 2016, up from 40.6 in July 2015. The July share of homes selling for $500,000 or more was the highest for any month since the credit crunch hit in August 2007 when the $500,000-plus share was 49.4%.
*Median Price=half more/half less. * All information deemed reliable but not guaranteed. For tax, ownership or investment advice we suggest you contact an attorney or certified public accountant. Taken from CoreLogic.com
Looking to make a move in or out of Temecula, Murrieta, Wildomar, Hemet, Winchester, Menifee, or Lake Elsinore? We’re your answer to how to keep it stress free. Call, text or email with any questions to april@teamgreer.com or (951) 522-0518.
California Median Home Price
April Home Sales and Price Report
Statewide median home price climbs,
breaking $500,000 for first time in nine years!
April’s statewide median home price was $509,100, up 5.3% from March and 5.1% from April 2015.
C.A.R.’s Unsold Inventory Index, which indicates the number of months needed to sell the supply of houses currently on the market at the current sales rate, slipped to 3.5 months. A 6-to-7 month supply is considered typical in a normal market.
According to C.A.R.’s sales to list price ratio, tight inventories appear to be driving final sold prices closer to listing prices, with sales prices rising to 99.3% of listing prices statewide.
The median number of days it took to sell a single-family home fell in April to 27.7 days, compared to 29.9 days in March.
Taken from CAR.org 5-18-16 All information deemed reliable but not guaranteed. For tax, investment or ownership advice we suggest you contact an attorney or certified public accountant.
Median = half more/half less
Find out what this means to the value of your home in Southwest Riverside County. Temecula, Murrieta, Menifee, Hemet, Winchester, Wildomar, Lake Elsinore & French Valley. We are available by phone, text and email (951) 522-0518, april@teamgreer.com
Southern California Home Sale Statistics
JUNE RE CAP of Southland Home Sales
Cash Buyer accounted for 22.3% of June 2015 home sales. That was down from June 2014 when cash buyers were at 25.9% of the market. The peak was 36.9% in February 2013. Since 1988 the monthly average for cash buyers is about 17% of all sales.
Absentee buyers (investors and second home purchasers) bought 21.1% of Southland homes sold in June 2015. The peak was 32.4% in January 2013. The monthly average for absentee buyers since 2000 is about 19.0%.
The median price paid for all Southern California homes sold in June 2015 was $442,000. That is 12.5% below the peak median price of $505,000 reached in March, April, May and June of 2007.
Foreclosure re-sales (properties foreclosed on in the prior 12 months) represented only 3.8% of the Southland re-sale market in June 2015. That was down from 4.6% in June 2014. Foreclosure resales peaked at 56.7% in February 2009.
Short sales made up an estimated 3.1% of Southland re-sales in June 2015. That was down from 4.6% a year earlier.
Home Sales of $500,000 or more accounted for 41.7% of all Southland home sales in June 2015, which is up from 37.9% for June of last year and is the highest level for any month since September 2007 when it was at 44.4%.
Taken from CoreLogic.com July 19, 2015
Real Estate in your area is constantly changing…if you live or want to live in the Temecula Valley we are just a phone call away at 951-522-0518 or april@teamgreer.com
California Home Prices 2015
May 2015 home sales and price report- taken from car.org 6-15-15
California home sales soften in May but spring home-buying season continues momentum.
- Existing, single-family home sales totaled 423,360 in May Statewide. That was down 1.1% from April but up 8.9% from May 2014.
- Statewide sales were above the 400,000 mark for a second straight month.
- May statewide median home price was $485,830, up 0.8% from April and 4.4% from May 2014.
- California median home price was the highest since November 2007.
- Available housing supply remains constrained with 3.5 months of inventory. A six-to seven month supply is considered typical in a normal market.
- The median number of days it took to sell a single-family home statewide fell in May, down from 34.3 days in April to 28.5 days in May and 31.8 days in May of 2014.
- Statewide, sales-to-list price ratio market indicator suggests that homes are selling for 99% of the list price, essentially flat compared to May of 2014 at 98.8%.
Thinking about a purchase or sale in The Temecula Valley and how this information applies to your plans? Call us at 951-522-0518. We’ve been connecting qualified buyers and sellers in the valley since 1998!
