2012 Recap, 1/15 mls meeting
12
With your host… Gene Wunderlich
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Transcript of 2012 Recap, 1/15 mls meeting
With your host… Gene Wunderlich
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3/10 6/10 9/10 12/10 3/11 6/11 9/11 12/11 3/12 6/12 9/12 12/12
Temecula Murrieta Lake Elsinore Menifee Wildomar Canyon Lake
Southwest California Homes Single Family Homes
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
2004 2005 2006 2007 2008 2009 2010 2011 2012
7692
8475
6654 4
017
8450
9665
8264
7596
8004
Southwest California Homes Annual Unit Sales
Single Family Residential
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
3/10 6/10 9/10 12/10 3/11 6/11 9/11 12/11 3/12 6/12 9/12 12/12
Temecula Murrieta Lake Elsinore Menifee Wildomar Canyon Lake Linear (Murrieta)
Southwest California Homes Single Family Homes
Median Price
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
2004 2005 2006 2007 2008 2009 2010 2011 2012
$400,698
$461,437
$499,147
$452,888
$288,822
$234,974
$247,648
$241,438
$256,539
Southwest California Homes Annual Median
-53%
9%
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Q1 Q2 Q3 Q4
$292,430
$315,592
$328,074
$353,338
$261,712
$283,281
$290,769
$295,033
$286,340
$309,379
$270,961
$313,565
$227,190
$218,420
$236,313
$233,292
$174,536
$178,382
$189,101
$191,658
$171,112
$183,196
$190,400
$206,077
Temecula Murrieta Canyon Lake Wildomar Menifee Lake Elsinore
Quarterly Trend
0
50
100
150
200
250
300
On Market (Supply) Pending Closed (Demand) Days on Market Months Supply Absorption rate *
167
236
180
84
0.9
2.3
193
210
168
64
1.1
2.0
107
205
86
97
1.2
1.6
119
267
131
56
0.9
1.8
60 3
4
38
90
1.6
2.0
27
58
30
68
0.9
1.9
Murrieta Temecula Lake Elsininore Menifee Canyon Lake Wildomar * Absorption rate - # of new listings for the month/# of sold listings for the month
December Demand
0
500
1000
1500
2000
2500
1 2 3 4 5 6 7 8 9 10 11 12
1994
2240
1419
1188
974
862
841
795
775
725
782
673
Available Inventory
0
500
1000
1500
2000
2500
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12
2010 2011 2012
Available Inventory 3 year history
December Market Activity By Sales Type
Standard Sale Bank Owned Short Sale
Active
% of MKT Sold
% of MKT
Active
% of MKT Sold
% of MKT
Active
% of MKT Sold
% of MKT
Temecula 156 81% 93 55% 17 9% 14 8% 17 9% 60 36% Murrieta 125 76% 89 49% 9 5% 15 8% 27 16% 74 41% Wildomar 17 63% 15 50% 6 22% 1 3% 3 11% 15 50% Lake Elsinore 72 67% 35 41% 18 17% 7 8% 16 15% 41 48% Menifee 76 64% 60 46% 20 17% 21 16% 17 14% 46 35% Canyon Lake 48 80% 14 37% 5 8% 4 11% 6 10% 19 50% Regional Average 494 72% 306 49% 75 8% 62 9% 86 13% 255 43%
December Inventory by Price Point December Unit Sales by Price Point
(in 1,000's)
<100 101-200
201-300
301-400
401-500
501-1 mil 1 mil +
Temecula 1 2 36 42 26 48 52 Sales 1 17 66 71 16 12 3
Murrieta 3 25 38 58 8 31 40 Sales 5 38 98 56 4 8 1
Lake Elsinore 7 25 45 25 6 2 1 Sales 7 35 45 9 0 0 0
Menifee 16 49 54 18 1 4 1 Sales 13 55 66 8 1 0 0
Wildomar 7 7 13 7 1 2 0 Sales 5 15 16 7 0 0 0
Canyon Lake 1 4 18 14 11 17 3 Sales 1 8 12 13 6 2 0
Total Inventory 35 112 204 164 53 104 97 Total Sales 32 168 303 164 27 22 4
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