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2012 Recap, 1/15 mls meeting
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  • 1. With your host…Gene Wunderlich
  • 2. 250 Southwest California Homes Single Family Homes200150100 50 0 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
  • 3. Southwest California Homes Annual Unit Sales Single Family Residential10000 9 9000 6 8 8 6 8 8 8000 7 4 4 5 2 7 0 6 7 5 6 5 7000 6 0 9 5 0 4 9 6000 6 4 2 5 6 5000 4 4000 4 0 3000 1 2000 7 1000 0 2004 2005 2006 2007 2008 2009 2010 2011 2012
  • 4. $400,000$350,000$300,000$250,000$200,000$150,000 Southwest California Homes Single Family Homes$100,000 Median Price $50,000 $0 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)
  • 5. $500,000 $ Southwest California Homes$450,000 4 $ Annual Median $ 9 4 -53%$400,000 4 9 5 $ 6 , 2$350,000 4 0 1 1 , 9%$300,000 , $ 0 4 8 $ 4 2 $ $ $$250,000 , 7 8 2 3 8 2 2 2 6 8 5$200,000 7 8 3 4 4 9 , 6 4 7 1$150,000 8 8 , , , , 2 5$100,000 9 6 4 2 3 7 4 3 $50,000 9 4 8 8 $0 2004 2005 2006 2007 2008 2009 2010 2011 2012
  • 6. Quarterly Trend $ $ $ $ $ $ $ $ $ $ $$400,000 2 $ 2 3 2 3 3 2 3 2 3 2 9 2 8 1 8 0 2 9 5 9 1 7 $ $ 2 6 6 $ 5 3 9 8 0 3 5 3 , , $ , 0 2 , 2$350,000 1 , 2 , , , , , $ 4 5 2 0 , 3 3 3 , 3 2 2 3 7 $ $ 0 5 $ 2 3 9 1 $ 7 9 6 3 3 7 4 7 $ 8 7 $ 6 1 3 6 1 0 $ 2 8 1 4 6 , 1 8 0$300,000 1 1 , 0 , 1 1 1 9 9 8 9 3 5 9 6 , 8 1 3 2 2 1 7 7 0 1 7 4 3 1 9 , 8 9 9 4 1 , , , 0 2 , 3 2$250,000 0 , , 4 6 , 0 1 1 7 5 3 0 5 1 9 0 7 3 8 0 8 1 6 1$200,000 2 6 2$150,000$100,000 $50,000 $0 Q1 Q2 Q3 Q4 Temecula Murrieta Canyon Lake Wildomar Menifee Lake Elsinore
  • 7. 300 December Demand 2 2 .250 6 3 2 2 7 2 2 3 0 . . 1 5 1 6 0 1 0 .200 2 8 1 . 9 1 1 1 0 6 8 0 . 9 8 6 3 1 1150 6 1 3 7 1 1 1 0 9 7 9 9 8 8 7100 0 6 4 6 6 6 5 8 4 5 0 8 6 3 3 50 2 8 3 4 7 0 0 1 1 0 1 0 . . . . . . 9 1 2 9 6 9 0 On Market (Supply) Pending Closed (Demand) Days on Market Months Supply Absorption rate * Murrieta Temecula Lake Elsininore Menifee Canyon Lake Wildomar * Absorption rate - # of new listings for the month/# of sold listings for the month
  • 8. Available Inventory25002000 2 1 2 9 41500 9 0 1 4 4 1 11000 1 9 9 8 8 8 7 7 7 7 6 7 6 8 4 9 500 4 7 2 8 2 1 7 5 5 2 5 3 0 1 2 3 4 5 6 7 8 9 10 11 12
  • 9. Available Inventory 3 year history2500200015001000 500 0 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
  • 10. December Market Activity By Sales Type Standard Sale Bank Owned Short Sale Act % of % of Act % of % of Act % of % of ive MKT Sold MKT ive MKT Sold MKT ive MKT Sold MKTTemecula 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%RegionalAverage 494 72% 306 49% 75 8% 62 9% 86 13% 255 43%
  • 11. December Inventory by Price Point December Unit Sales by Price Point (in 1,000s) 101- 201- 301- 401- 501-1 <100 200 300 400 500 mil 1 mil +Temecula 1 2 36 42 26 48 52 Sales 1 17 66 71 16 12 3Murrieta 3 25 38 58 8 31 40 Sales 5 38 98 56 4 8 1Lake Elsinore 7 25 45 25 6 2 1 Sales 7 35 45 9 0 0 0Menifee 16 49 54 18 1 4 1 Sales 13 55 66 8 1 0 0Wildomar 7 7 13 7 1 2 0 Sales 5 15 16 7 0 0 0Canyon Lake 1 4 18 14 11 17 3 Sales 1 8 12 13 6 2 0TotalInventory 35 112 204 164 53 104 97Total Sales 32 168 303 164 27 22 4
  • 12. To peruse your own copy of this at leisure, Go to:http://www.slideshare.net/genewunderlich Or facebook.com/srcargad