Appraiser Adjustment Matrix
Area Temecula Date 1/5/2011
|
Square Footage |
0-3 Months |
4-6 Months |
Difference |
|
2800-3000 |
$322,500 |
$325,000 |
$-2500 |
|
2600-2800 |
$308,000 |
$315,000 |
$-7000 |
|
difference |
$14,500 |
$10,000 |
////////////////// |
|
2400-2600 |
$295,000 |
$297,250 |
$-2250 |
|
difference |
$13,000 |
$17,750 |
////////////////// |
|
2200-2400 |
$280,000 |
$276,000 |
$4000 |
|
difference |
$15,000 |
$21,250 |
////////////////// |
|
2000-2200 |
$255,500 |
$269,500 |
$-14,000 |
|
Difference |
$24,500 |
$6500 |
////////////////// |
|
1800-2000 |
$242,000 |
$245,000 |
$-3000 |
|
Difference |
$13,500 |
$24,500 |
////////////////// |
|
1600-1800 |
$237,000 |
$231,500 |
$5500 |
|
Difference |
$5000 |
$13,500 |
////////////////// |
|
1400-1600 |
$215,000 |
$215,000 |
$0 |
|
difference |
$22,000 |
$16,500 |
////////////////// |
|
1200-1400 |
$200,000 |
$195,000 |
$5000 |
|
difference |
$15,000 |
$20,000 |
////////////////// |
|
Difference TOTAL |
$122,500 |
$130,000 |
$-14,250 |
|
Divide by 8 |
$15,312 |
$16,250 |
////////////////// |
|
Divide by 9 |
////////////////// |
///////////////// |
$-1583 |
|
Divide by 200 sq' |
= $ per Sq' $77 |
= $ per Sq' $81 |
////////////////// |
|
Divide by 90 days |
////////////////// |
///////////////// |
= $ per day $-17.50 |
Data used is median sales prices in the area - for either current to 3-months or 4-6 months; by house square footage ranges. In the gray boxes in the difference between the 2 median prices per the adjacent ranges. Data indicates the difference in prices per square foot on average in the most recent 3-month period was $77 ($81 per square foot in the prior 3-month period). Prices have also declined at an average rate of $17.50 per day. Data below finds about the same number of homes in Temecula sold in the most recent 30-day period vs. the same time frame from 1-year ago; but the largest percentage recently was standard sales, while most of the current listings are short sales - which take the longest to sell.
|
|
Total Number |
% Standard |
% REO |
% Short Sales |
||
|
Active Listings |
521 |
34% |
21% |
42% |
||
|
Pending Sales |
89 |
26% |
37% |
37% |
||
|
Closed Sales |
141 |
41% |
25% |
31% |
||
|
Sold 1-year ago |
140 |
31% |
30% |
34% |
||
|
Median sold prices |
Standard Sq' |
REO per Sq' |
Short per Sq' |
Standard DOM |
REO DOM |
Short sales DOM |
|
2009 |
$143 |
$135 |
$118 |
36 days |
30 days |
132 days |
|
2010 |
$128 |
$121 |
$130 |
45 days |
38 days |
143 days |
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