Temecula, Murrieta, French Valley, Winchester Real Estate: California: Temecula

This is a Temecula Real Estate Market Report for MARCH 2010 with information about REO SALES in Temecula, California 92591-92592. This report does not include luxury properties priced over $500,000. For other Temecula Valley market reports go to http://aimreg.com/blog  and use the Categories drop down menu to select the desired market reports.

The volume of activity for Single Family Residences includes 60 Active listings, 74 properties in escrow and 36 homes that have closed in the last 30 days. Recent activity for Condos includes 3 Active listings, 5 homes in escrow and 4 homes that closed in the last 30 days.

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Pricing activity for Single Family Residences in Temecula shows an average list price of $298,391 for Active listings and an average list price of $284,028 for properties in escrow. For SFRs that closed in the last 30 days the average LIST price was $263,833 , the average SALE price was $270,209  and the MEDIAN selling price was  $255,000 .  Pricing activity for Condos shows an average list price of $102,297 for Active listings and an average list price of $178,742 for those properties in escrow now. For Condos that closed in the last 30 days the average LIST price was $145,450 , while the average SALE price was $149,000  and the MEDIAN selling price was $149,000 .

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Price per square foot calculations show that for SFRs the average $/SF of Active listings is $124.86 /SF, for properties in escrow the average is $122.12 /SF and for properties that closed in the last 30 days the average was $127.47 /SF. For Condos the average $/SF of Active listings is $83.16 /SF, for Condos in escrow the average is $122.14 /SF and for condos that closed in the last 30 days the average was $111.15 /SF.

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Sellers and buyers are both interested in how long it takes to close an REO transaction in Temecula, CA these days. Most market reports will evaluate the Days On Market (DOM) figure but this number doesn't give a full picture of how long it's really taking to get an escrow closed. The DOM number counts the number of days the property is marketed but ignores how long everyone waited for bank approvals while it's in escrow. The wait has been increasing for both buyers (for approval on new financing) and sellers (for approval on a short sale). The following statistics include the usual DOM figure as well as a "Total Days" value which represents the total number of days since the property was listed.

For SFRs that have closed in the last 30 days, the average number of days the property was marketed was 25 while the average number of days from listing to closing was 62. For Condos that have closed in the last 30 days, the average DOM was 29 while the Total Days average was 77.

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This information is provided by Aim Real Estate Group Inc. and is intended for use by those who may want to buy or sell property in Temecula, California 92591/92592. Statistics presented here do not include manufactured homes, For Sale By Owner or New Construction. All information deemed reliable but is not guaranteed.

Contact Temecula Realtors (covering the entire Temecula Valley) for more information.  Please call David Northup at (951) 326-0196 to speak with a listing agent, for a list of available properties or to schedule a tour of Temecula homes for sale that interest you!

This is a Temecula Real Estate Market Report for APRIL 2010 with information about SHORT SALES in Temecula, California 92591-92592. This report does not include luxury properties priced over $500,000. For other Temecula Valley market reports go to http://aimreg.com/blog  and use the Categories drop down menu to select the desired market reports.

The volume of activity for Single Family Residences includes 332 Active listings, 176 properties in escrow and 49 homes that have closed in the last 30 days. Recent activity for Condos includes 35 Active listings, 18 homes in escrow and 8 homes that closed in the last 30 days.

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Pricing activity for Single Family Residences in Temecula shows an average list price of $269,829 for Active listings and an average list price of $266,078 for properties in escrow. For SFRs that closed in the last 30 days the average LIST price was $270,851 , the average SALE price was $267,531  and the MEDIAN selling price was  $259,000 .  Pricing activity for Condos shows an average list price of $148,323 for Active listings and an average list price of $126,665 for those properties in escrow now. For Condos that closed in the last 30 days the average LIST price was $139,800 , while the average SALE price was $131,409  and the MEDIAN selling price was $138,138 .

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Price per square foot calculations show that for SFRs the average $/SF of Active listings is $116.94 /SF, for properties in escrow the average is $115.57 /SF and for properties that closed in the last 30 days the average was $118.98 /SF. For Condos the average $/SF of Active listings is $102.76 /SF, for Condos in escrow the average is $99.56 /SF and for condos that closed in the last 30 days the average was $102.48 /SF.

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Sellers and buyers are both interested in how long it takes to close a Short Sale transaction in Temecula, CA these days. Most market reports will evaluate the Days On Market (DOM) figure but this number doesn't give a full picture of how long it's really taking to get an escrow closed. The DOM number counts the number of days the property is marketed but ignores how long everyone waited for bank approvals while it's in escrow. The wait has been increasing for both buyers (for approval on new financing) and sellers (for approval on a short sale). The following statistics include the usual DOM figure as well as a "Total Days" value which represents the total number of days since the property was listed.

For SFRs that have closed in the last 30 days, the average number of days the property was marketed was 123 while the average number of days from listing to closing was 218. For Condos that have closed in the last 30 days, the average DOM was 120 while the Total Days average was 169.

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This information is provided by Aim Real Estate Group Inc. and is intended for use by those who may want to buy or sell property in Temecula, California 92591/92592. Statistics presented here do not include manufactured homes, For Sale By Owner or New Construction. All information deemed reliable but is not guaranteed.

Contact Temecula Realtors (covering the entire Temecula Valley) for more information.  Please call David Northup at (951) 326-0196 to speak with a listing agent, for a list of available properties or to schedule a tour of Temecula homes for sale that interest you!

This is a Temecula Real Estate Market Report for APRIL 2010 with information about STANDARD SALES in Temecula, California 92591-92592. This report does not include luxury properties priced over $500,000. For other Temecula Valley market reports go to http://aimreg.com/blog  and use the Categories drop down menu to select the desired market reports.

The volume of activity for Single Family Residences includes 74 Active listings, 60 properties in escrow and 46 homes that have closed in the last 30 days. Recent activity for Condos includes 7 Active listings, 2 homes in escrow and 4 homes that closed in the last 30 days.

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Pricing activity for Single Family Residences in Temecula shows an average list price of $332,645 for Active listings and an average list price of $300,610 for properties in escrow. For SFRs that closed in the last 30 days the average LIST price was $290,047 , the average SALE price was $286,476  and the MEDIAN selling price was  $287,950 .  Pricing activity for Condos shows an average list price of $191,527 for Active listings and an average list price of $199,450 for those properties in escrow now. For Condos that closed in the last 30 days the average LIST price was $142,400 , while the average SALE price was $138,750  and the MEDIAN selling price was $138,750 .

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Price per square foot calculations show that for SFRs the average $/SF of Active listings is $139.65 /SF, for properties in escrow the average is $133.61 /SF and for properties that closed in the last 30 days the average was $130.53 /SF. For Condos the average $/SF of Active listings is $127.09 /SF, for Condos in escrow the average is $68.13 /SF and for condos that closed in the last 30 days the average was $118.46 /SF.

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Sellers and buyers are both interested in how long it takes to close a transaction in Temecula, CA these days. Most market reports will evaluate the Days On Market (DOM) figure but this number doesn't give a full picture of how long it's really taking to get an escrow closed. The DOM number counts the number of days the property is marketed but ignores how long everyone waited for bank approvals while it's in escrow. The wait has been increasing for both buyers (for approval on new financing) and sellers (for approval on a short sale). The following statistics include the usual DOM figure as well as a "Total Days" value which represents the total number of days since the property was listed.

For SFRs that have closed in the last 30 days, the average number of days the property was marketed was 29 while the average number of days from listing to closing was 63. For Condos that have closed in the last 30 days, the average DOM was 59 while the Total Days average was 113.

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This information is provided by Aim Real Estate Group Inc. and is intended for use by those who may want to buy or sell property in Temecula, California 92591/92592. Statistics presented here do not include manufactured homes, For Sale By Owner or New Construction. All information deemed reliable but is not guaranteed.

Contact Temecula Realtors (covering the entire Temecula Valley) for more information.  Please call David Northup at (951) 326-0196 to speak with a listing agent, for a list of available properties or to schedule a tour of Temecula homes for sale that interest you!

Wachovia has been very aggressive in recent months, training some Temecula Realtors® to work within the system they've set up to Fast-Track qualifying Short Sales. They've also sent out over sixty-six thousand packages to borrowers who are struggling with their payments, notifying them of their Fast-Track program.

Owners of Temecula Real Estate who are having a tough time paying their mortgage (or even those who can forecast a hardship in the near future) are advised to seek the help of a Wachovia Fast-Track Trained Realtor® who can help them understand their options.

Benefits to the seller include:

• Quick approval of hardship (3-4 days)
• Quick approval of sale price and purchase offer (5-7 days)
• Offer approval good for 30 days - Extensions are easy
• YOU DO NOT HAVE TO BE DELINQUENT
• DEFICIENCY IS RELEASED
• May be eligible to receive "Cash for Keys" payout
• Okay for investor to purchase and rent back (But the investor may not be a family member.)

Qualifying loans may have been originated by one of the following lenders:

• Golden West Financial
• World Savings
• Wachovia

Contact Aim Real Estate Group to speak with a Wachovia Fast-Track Trained Realtor® and see if this might be the right option for you!

Recent reports indicate that President Obama will announce more measures to prevent foreclosures throughout the U.S.

The new plan encourages the Federal Housing Administration to insure lenders against part of the losses they'll sustain after reducing the principal balances on borrower's notes.

Lenders will be asked to bring the note balance down below the homes current value. When there is a 1st and a 2nd the guidelines will permit no more than a 115% LTV after the note balances are reduced.

Also in the plan is a provision for the Treasury to pay a portion of an unemployed homeowner's loans for up to three months while they look for a new job.

We'll keep an eye out for this one and let you know when/if it gets implemented.

-Temecula Realtors®

First time home buyers of Temecula Real Estate will be happy to learn of a new tax credit they may be able to claim in conjunction with the purchase of their new home.

If buyer's were shopping last year they may remember that there was a California tax credit in 2009 as well. One of the major differences between this new program and the one from 2009 is that this program is for the purchase of ANY home and is NOT LIMITED to the purchase of new construction. Even though it was limited to new construction, the program in 2009 was so successful that they ran out of funds 8 months before the program was scheduled to end.

AB 183 (signed by Governor Schwarzenegger last week) allocates $200,000,000 to be split equally between buyers of existing homes and buyers of new or previously unoccupied homes.

This program applies to purchases between May 1, 2010 and July 31, 2011 (but you must be on contract by no later than December 31, 2010 to qualify).

The new First Time Home Buyer California Tax Credit will allow eligible buyers to claim either 5% of the home's purchase price or $10,000 (whichever is less). The tax credit can be taken in 3 equal installments taken over 3 consecutive years and requires that the purchaser live in the home as their principal residence for 2 years. If the 2 year occupancy requirement is not met, any credit taken would have to be repaid to the state.

*** Other Restrictions apply ***

Please contact your Temecula Realtors®(serving all of the Temecula Valley) for more information.

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The Federal Home Buyer Tax Credit program is set to expire April 30, 2010. (As long as a binding contract is in place, the closing can take place on or before June 30, 2010 and still qualify.)

-Temecula Real Estate Pros

Alternative Purchase Options

Do you want to purchase Temecula Real Estate?

Have you been turned down for a Home Loan?

Was it for one of the following reasons?:

• Low Fico
• Debt to income ratio too high
• Not enough money for big down payment and closing costs
• Investor with TOO MANY LOANS (Many may have heard of the rescission last year by Fannie and Freddie of the "no more than 4 loans" rule. The number went up to 10. But, trying to find a lender that will approve you with more than 4, is a completely different story. AND WHAT IF YOU WANT MORE THAN 10??
• Recent Bankruptcy - yesterday?
• Recent Divorce - in the middle of a divorce?
• In the middle of a lawsuit

By teaming up with the right Temecula Realtor (who MUST be a Deal Engineer) you might still be able to purchase at today's prices and enjoy some of the following benefits:

• Quick transaction - Quick occupancy
• APPRECIATION
• No waiting on the Banks for a DENIAL of your loan application and no hassle of trying to get your earnest money deposit back after paying for a home inspection and appraisal up front.
• No limit to the number of properties you can purchase (if you have the means, we'll help you buy 100!)
• Buy 1 day out of Bankruptcy
• Buy in the middle of a lawsuit
• Proven techniques used by Donald Trump, Louis Brown, James Smith, Ron LeGrand, Bruce Norris and thousands of other Real Estate buyers & sellers - but so mainstream that the California Association of Realtors® has all the contracts and disclosures pre-printed, vetted by their legal departments and ready for the right Deal Engineer to put to them to use for YOU!

 To find out more about your options, contact Aim Real Estate Group for a free consultation. Straight answers - no obligations.

See the Alternative Purchase Options page at AimREG.com

- Temecula Homes for Sale

New Temecula Valley Veteran's Center opened in Temecula on Saturday March 13! The center's purpose is to help combat veterans and their families.

 Full Story in the Press Enterprise

View Temecula Veteran's Center in a larger map

Our sincere thanks to the men and women that put themselves in harm's way to protect the freedoms we all enjoy. -THANK YOU!

-Temecula Realtors®

STOP Foreclosure on Temecula Real Estate today!

If you want to stop the foreclosure process on your Temecula California home please read on.

• Are you behind on mortgage payments?
• Have you received a Notice of Default or Notice of Trustee's Sale from your lender?
• Is your home worth far less than your outstanding loan balances?
• Is your mortgage payment too high?
• Do you want to minimize damage to your credit?
• Is your loan about to adjust and you will be unable to afford the new payment?
• Did you experience a loss of income?
• Do you want to AVOID or STOP FORECLOSURE?

If you answered yes to any of these questions, please contact us for an honest, confidential, professional consultation with no obligation.

David Northup (the supervising broker for Aim Real Estate Group) has been certified by the National Association of Realtors® as a Short Sales and Foreclosure Resource.

You can be sure you're getting the latest information from a qualified professional that lives HERE and has a great local reputation to maintain.

While Short Sale is one option that may be presented, we'll FIRST explore ALL the options available to you that may allow you to STAY IN YOUR HOME.

Some of the options that may still be available to you are:

• Traditional Refinance
• Lender workout
     - Forbearance
     - Reinstatement
     - Repayment Plan
     - Loan Modification / HAMP Program
• Sell and bring cash to closing
• ALTERNATIVE SELLING OPTIONS (This area is not as well known by many agents but it might, through the help of a knowledgeable and creative Realtor®, provide a solution for you that will not damage your credit any further.)
• Short Sale / HAFA
• Deed in lieu of foreclosure
• Lastly - Foreclosure

Each of these have different ramifications on credit worthiness and your credit score moving forward. We always recommend that you seek the advise of a Certified Public Accountant and an attorney before making any decision. You need to make an informed choice.

You owe it to yourself to become informed on your options and chart a course for recovery now. Once a notice of default has been issued by the lender, the clock is ticking and every day becomes VERY important. To do nothing is to choose foreclosure. Take charge of your situation and plan for your fresh start today.

Don't delay. Contact one of our Temecula Realtors® TODAY and receive a professional evaluation of your situation with NO Obligations.

This is a Temecula Real Estate Market Report for MARCH 2010 with information about REO SALES in Temecula, California 92591-92592. This report does not include luxury properties priced over $500,000. For other Temecula Valley market reports go to http://aimreg.com/blog  and use the Categories drop down menu to select the desired market reports.

The volume of activity for Single Family Residences includes 59 Active listings, 66 properties in escrow and 46 homes that have closed in the last 30 days. Recent activity for Condos includes 7 Active listings, 4 homes in escrow and 7 homes that closed in the last 30 days.

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Pricing activity for Single Family Residences in Murrieta shows an average list price of $308,197 for Active listings and an average list price of $268,001 for properties in escrow. For SFRs that closed in the last 30 days the average LIST price was $262,401 , the average SALE price was $262,750  and the MEDIAN selling price was  $249,000 .  Pricing activity for Condos shows an average list price of $145,536 for Active listings and an average list price of $143,725 for those properties in escrow now. For Condos that closed in the last 30 days the average LIST price was $124,343 , while the average SALE price was $131,700  and the MEDIAN selling price was $107,000 .

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Price per square foot calculations show that for SFRs the average $/SF of Active listings is $121.50 /SF, for properties in escrow the average is $125.20 /SF and for properties that closed in the last 30 days the average was $125.72 /SF. For Condos the average $/SF of Active listings is $100.13 /SF, for Condos in escrow the average is $100.45 /SF and for condos that closed in the last 30 days the average was $94.29 /SF.

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Sellers and buyers are both interested in how long it takes to close a transaction in Murrieta, CA these days. Most market reports will evaluate the Days On Market (DOM) figure but this number doesn't give a full picture of how long it's really taking to get an escrow closed. The DOM number counts the number of days the property is marketed but ignores how long everyone waited for bank approvals while it's in escrow. The wait has been increasing for both buyers (for approval on new financing) and sellers (for approval on a short sale). The following statistics include the usual DOM figure as well as a "Total Days" value which represents the total number of days since the property was listed.

For SFRs that have closed in the last 30 days, the average number of days the property was marketed was 22 while the average number of days from listing to closing was 67. For Condos that have closed in the last 30 days, the average DOM was 21 while the Total Days average was 69.

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This information is provided by Aim Real Estate Group Inc. and is intended for use by those who may want to buy or sell property in Temecula, California 92591/92592. Statistics presented here do not include manufactured homes, For Sale By Owner or New Construction. All information deemed reliable but is not guaranteed.

Contact Temecula Realtors (covering the entire Temecula Valley) for more information.  Please call David Northup at (951) 326-0196 to speak with a listing agent, for a list of available properties or to schedule a tour of Temecula homes for sale that interest you!