Palmilla on the Green Menifee 2011 Market Stats

I specialize in Palmilla on the Green, a lovely 55+ Community located in Menifee, CA. Palmilla has approx 250 homes with a clubhouse and pool and is situated where many of the homes back up to Menifee Lakes Country Club golf course.

The market in terms of homes for sale was very very good for a buyer and if a seller priced their home within the comps homes sold very quickly.

According to the MLS, only 30 properties were listed in 2010 and nearly 100% of homes sold for their asking price. The maximum list price was $150 and the minimum list price was $119K with the average list price at $135,548. .

The maximum sold price in 2010 was $154,000 and the minimum sold price was $111,890 with the average sold price at $132,966.

Today there are only 6 properties in active status. 4 of the 6 homes are plan one, 2 bedroom-974 square feet and the other 2 properties are plan 2 which is 2 bedroom-1086 square feet. Prices are $122,000-$142,500.

Of the Active properties available today, One property is HUD home, another is offered thru the Low Income Restriction Program and the other 4 are Standard Sales.

In 2010 16 of the 30 listings were 'Standard Sales,' 11 were REO (Bank Owned) and 3 were either Short Sales or Notice of Default.

If you currently live in Palmilla on the Green and are considering selling your home, please be sure to contact me. I specialize in Palmilla on the Green and can assist you with your needs. ( I can also assist you if you owe more than your property is worth thru a short sale. Please visit my website at WWW.MyForeclosureRepair.com for more info).

If you are considering buying a home in Palmilla, please be sure to contact me. I have inventory available and may be able to help you!

Sherry 'K' Kotvis, MS
WWW.SherryKHomes.com

Direct Line: 951-315-3201