On paper, Murrieta of Riverside County is a great place to live. Market recovery has been astoundingly strong, and homes are listing close to their estimated value average of slightly over $390,000. It’s one of the rare places where all of the facts and figures are running exactly as they should. Murrieta shows promise, which makes buyers and sellers alike turn to the real estate market with a renewed sense of optimism. If you don’t have that same spark, you may have some other things to be concerned with. Understanding the market will allow you to determine just where you fit in.
Overall, it’s safe to say that Murrieta’s real estate market is great. The health is above center, the foreclosure rate is no higher than the national average, and the market is warm. Warm markets slightly favor sellers, which is exactly what a homeowner wants to hear. Though nearly 11% of listings will see a price cut, comes are still selling. Homes in Murrieta can even command higher rent prices than other homes in the Riverside metro. People want to live there.
On paper, everything seems perfect. If your experience of the market has been different, it may be time to reconsider the way you’re attempting to sell your homes. Great properties are plentiful in Murrieta, and that’s why properties with defects are quickly skimmed over. People don’t want to settle for less, and homes that have less to offer are passed over without a second thought. If this applies you to, you’re not out of option. You’ll just need to do things differently.