About Murrieta's Greer Ranch

Murrieta Open Houses, Murrieta CA: 03/09/2012 - 03/10/2012 - 03/11/2012.

Looking for Murrieta Open Houses this weekend? According to the California Regional MLS (Multiple Listing Service) there are Murrieta Open Houses this weekend*, as shown in the table below. Follow the link to view details of Murrieta Open Houses, including photos and maps!

Data courtesy of the California Regional MLS (Multiple Listing Service). The information provided is deemed reliable, but is not guaranteed.

*The above Murrieta Open Houses table is updated periodically throughout the weekend as soon as Real Estate Agents add Open House notices to the California Regional MLS (CRMLS). All information shown in the table is taken directly from the CRMLS, including dates and times.

Follow the link to view my list of Murrieta Single Family Homes for Sale.
Follow the link to view my list of Murrieta Condos and Townhomes for Sale.

Fixed Mortgage Rates Avg. 3.88% (30-Yr), 3.13% (15-Yr) for Week Ending 3/08/2012, Murrieta CA.

Need a new FHA home loan, or want to refinance for a lower mortgage payment? Freddie Mac shows home loans this week averaged 3.88% for 30 year fixed rate mortgages, while 15 year fixed rate mortgages averaged 3.13%.

According to Freddie Mac, the 30-year fixed rate mortgage (FRM) averaged 3.88 percent with an average 0.8 point for the week ending March 8, 2012, down from last week when it averaged 3.90 percent. Last year at this time, the 30-year FRM averaged 4.88 percent.

The 15-year fixed rate mortgage this week averaged 3.13 percent with an average 0.8 point, down from last week when it averaged 3.17 percent. A year ago at this time, the 15-year FRM averaged 4.15 percent.

In the West (CA, AZ, NV, OR, WA, UT, ID, MT, HI, AK, GU), Freddie Mac noted that the 30-year fixed rate mortgage averaged 3.84 percent with an average 0.8 point, while the 15-year fixed rate mortgage this week averaged 3.09 percent with an average 0.8 point.

Source: Freddie Mac, March 81, 2012, available from "Fixed-rate Mortgages Remain at or Near All-time Lows"; Internet; Accessed March 9, 2012.

The information provided is deemed reliable, but is not guaranteed.

Follow the link to view my list of Murrieta Single Family Homes for Sale.
Follow the link to view my list of Murrieta Condos and Townhomes for Sale.

Featured Property: 27098 Tube Rose, Murrieta 92562.

Click here to view this property’s details. Listing courtesy of G.Norris /The Norris Group.

Greer Ranch Homes for Sale, Murrieta CA: March 7, 2012.

Looking for Murrieta houses for sale? The Greer Ranch housing market has plenty to offer.

There are 8 Greer Ranch homes for sale in Murrieta CA with an average home price of $369,938 and an average price-per-square-foot of $110.28, according to the California Regional MLS (Multiple Listing Service).

Check out the list of Greer Ranch homes for sale shown in the table below. Click here to view the complete list of Greer Ranch Single Family Homes for Sale.

Data courtesy of the California Regional MLS (Multiple Listing Service). The information provided is deemed reliable, but is not guaranteed, and is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

PRICE TRENDS AND ABSORPTION RATES

Buying a house? Selling a house? Whether you’re a home buyer or a home seller, you need to know about two things: Price Trends and Absorption Rates. Why? Because these two factors can help you better determine whether it’s a buyer’s market or a seller’s market, and what the home’s fair market value is.

Follow the link to check out Greer Ranch Single Family Home Price Trends!
Follow the link to check out Greer Ranch Single Family Home Absorption Rates!

Greer Ranch, Murrieta CA Home Prices - Avg: $326,415; Avg. SqFt: $97.21, Mar. 7, 2012.

There were 13 Greer Ranch homes for sale in Murrieta CA that closed (sold) during the past 90 days with an average home price of $326,415 and an average price-per-square-foot of $97.21, according to the California Regional MLS (Multiple Listing Service).

Last month, 18 Greer Ranch houses for sale closed with an average sales price of $322,406 and an average price-per-square-foot of $97.40. One year ago, 10 Greer Ranch houses for sale closed with an average sales price of $340,330 and an average price-per-square-foot of $102.05.*

The charts on the right show the average sold price trends of Greer Ranch homes. (Sold prices are the actual amount that buyers paid for the home.) The first chart shows sold prices over the past 24 months. The second chart shows sold prices since 2003. The blue SOLD line in each chart shows the month-to-month fluctuations in sold prices. The red TREND line smoothes the month-to-month fluctuations using a 12-month moving average. The TREND line makes it easier to determine the overall housing market’s price trend.

Follow the link to view my list of Greer Ranch Single Family Homes for Sale.

ABSORPTION RATES

Buying a house? Selling a house? Whether you’re a home buyer or a home seller, you need to know about absorption rates. Why? Because knowing neighborhood absorption rates can help you better determine whether it’s a buyer’s market or a seller’s market, and what the home’s fair market value is.

Follow the link to check out Greer Ranch Single Family Home Absorption Rates!

*The values shown for each month are based on data measured during the prior 90 days of activity. For example, values shown for December 2011 are based on data measured from the beginning of October 2011 through the end of December 2011. The information provided is deemed reliable, but is not guaranteed.

Greer Ranch, Murrieta CA Single Family Home Absorption Rates - March 7, 2012.

Buying a house? Selling a house? Whether you’re a home buyer or a home seller, you may want to know whether it’s a buyer’s market, a seller’s market, or a stable market.

In a buyer’s market, home buyers have the upper hand and can drive hard bargains for their dream home.

In a seller’s market, sellers have the advantage and can demand top dollar for their home.

In a stable market, the bargaining advantage is balanced between buyers and sellers.

The Absorption Rate Trend chart (top) shows the twelve month absorption rate trend over the past several months for Greer Ranch Single Family Homes. When the green line is trending between 0-5 months, it’s considered a Seller’s Market. When the green line is between 5-7 months, it’s considered a Stable Market. When the green line is above 7 months, then it’s considered a Buyer’s Market.

The Absorption Rate Per Sold Price chart (center) compares the absorption rates for Greer Ranch Single Family homes priced below the average sold price versus homes priced above the average sold price. This chart is useful for determining how many months a home may take to sell based upon its asking price. As you might expect, the chart suggests that homes priced below the average will sell sooner than homes priced above the average.

The Absorption Rate Per Square Foot Price chart (bottom) compares the absorption rates for sold Greer Ranch Single Family homes priced below the average square foot price versus homes priced above the average square foot price. As with the Absorption Rate Per Sold Price chart (center), this chart also suggests that homes priced below the average will sell sooner than homes priced above the average.

Follow the link for info on Greer Ranch Home Price Trends.

Follow the link to view my list of Greer Ranch Single Family Homes for Sale.

UNDERSTANDING ABSORPTION RATES

How can you determine whether it’s a buyer’s market or a seller’s market? By looking at housing market absorption rates.