Area 8- W of Van Buren-S of Limonite -Jurupa Valley Residential Real Estate Market Update-October 2023
Jurupa Valley 92509
Residential Real Estate Market Update
Area of Focus:
08- W of Van Buren-S of Limonite (see map)
This report presents a comprehensive analysis of the residential real estate market for the specified area in Jurupa Valley, focusing on the month ending October 2023. It also includes a comparative review with data from September 2023.
October 2023 Market Summary
End of Month Active Listings: 11 (up 57.1% from last year)
New Listings: 4 (up 33.3% from last year)
Months Supply Inventory: 5.3 (up 8.2% from last year)
Closed Sales: 0 (no change from last year)
Average Days on Market: No data available
List to Sold Price %: No data available
Average Sales Price: No data available
Average Price per Square Foot: No data available
September 2023 Market Summary
End of Month Active Listings: 12 (up 100.0% from last year)
New Listings: 3 (up 200.0% from last year)
Months Supply Inventory: 6.3 (up 65.8% from last year)
Closed Sales: 1 (no change from last year)
Average Days on Market: 99 (up 296% from last year)
List to Sold Price %: 102.4% (up 6.8% from last year)
Average Sales Price: $770,000 (up 5.5% from last year)
Average Price per Square Foot: $338 (up 20.7% from last year)
Comparative Analysis: October vs. September 2023
Active Listings: October saw a slight decrease in active listings compared to September.
New Listings: There was a small increase in new listings in October compared to September.
Months Supply Inventory: The supply inventory decreased in October, indicating a slightly tighter market compared to September.
Closed Sales: Neither month showed significant activity in closed sales.
Market Trends: September data shows more robust activity in terms of sales and pricing metrics, but October’s data lacks in several areas, making a direct comparison challenging.
The residential real estate market in the specified area of Jurupa Valley experienced some fluctuations between September and October 2023. The increase in new listings and active listings compared to the previous year suggests a growing market. However, the lack of closed sales in October and incomplete data in key areas like average sales price and days on market makes it difficult to draw definitive conclusions about market trends. This report underscores the need for comprehensive data collection to better understand market dynamics and guide future real estate decisions.
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.
And for 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.
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.