Area 20-Mira Loma- Homestead-California Horizon- Jurupa Valley Residential Real Estate Market Update-October 2023
Jurupa Valley 91752/92509
Residential Real Estate Market Update
October 2023
Area of Focus:
20 – Mira Loma – Homestead/California Horizon (See Map)
This report focuses on the residential real estate market as of the end of October 2023 for the Homestead-California Horizon area in the City of Jurupa Valley.
End of Month Active Listings
Current Status: There were 4 active listings at the end of October.
Yearly Comparison: This represents a 100.0% increase from last year, indicating a significant rise in the number of properties available for sale.
New Listings
Current Status: The area saw 5 new listings in October.
Yearly Comparison: This is a 150.0% increase from the same period last year, suggesting a substantial increase in new properties entering the market.
Months Supply Inventory
Current Status: The inventory stood at 2.7 months.
Yearly Comparison: This shows a 170.0% increase from last year, indicating a more abundant supply relative to demand.
Closed Sales
Current Status: There were no closed sales in October.
Yearly Comparison: This is consistent (0.0% change) with the previous year.
Average Days on Market
Current Status: No data is available for the average days on the market for October.
List to Sold Price Percentage
Current Status: No data is available for this metric.
Average Sales Price
Current Status: No data available for October.
Average Price per Square Foot
Current Status: No data is available for this metric.
Additional Information
In the past 6 months, 5 homes were sold. The average sales price of these homes was $542,000.
Interpretation and Market Implications
The Homestead-California Horizon area in Jurupa Valley, as of October 2023, shows a market with a significantly increased number of listings compared to the previous year, both in terms of active listings and new listings. This trend suggests that more homeowners are interested in selling, providing more options for potential buyers.
The substantial rise in months’ supply inventory indicates that the market is less competitive and more favorable to buyers than in the previous year. This could be due to various factors, including changes in local market dynamics, economic conditions, or shifts in buyer preferences.
The lack of closed sales in October, along with no available data for several key metrics, limits the ability to comprehensively analyze the current market dynamics and buyer-seller interactions.
The sales data from the past 6 months, with an average sales price of $542,000, provides some insight into the market. This figure suggests that properties in this area are moderately priced and that there has been some level of transactional activity in the recent past, though it may not be indicative of the current market situation.
Conclusion
In conclusion, as of October 2023, the Homestead-California Horizon area of Jurupa Valley is experiencing an increase in market activity in terms of listings.
However, the lack of recent sales and unavailable data on key metrics like average days on market and list to sold price percentage make it challenging to ascertain the current market health and buyer-seller dynamics.
The market appears to be transitioning, likely becoming more favorable for buyers, which requires close monitoring in the upcoming months to better understand the evolving market trends.
For a comprehensive understanding of how these trends can impact your real estate decisions, contact me. I provide expert guidance and strategic insights and can guide you through these interesting times in real estate.
For expert guidance, strategic insights, or a detailed and personalized analysis of your home, or if you have any questions, feel free to contact me. I am committed to providing accurate and updated information to assist you in all your real estate needs.
Manny Barba
Broker-Attorney-Realtor®
951-990-3998
MB Live Realty, Inc.
Note: All data in this report is from California Regional Multiple Listing Service (CRMLS) All information should be independently reviewed and verified for accuracy. This report is for informational purposes only and not intended as financial or investment advice.
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