The Valley Chronicle - Price comparisons in the valleyng
Price comparisons in the valley
Daily changes were again common this week for home loan rates, but as we end the week rates are basically the way they were when the week began.” Larry IestAnother big indicator of what’s on the horizon is the sharp decline among the surrounding high dollar markets. In Temecula, home prices are down 1 percent from last year at this time, while Murrieta has shown zero increase in property value. Canyon Lake also shows a 1 percent decrease in value from last year at this time. Communities that showed vast amounts of vacancies and abandoned homes due to the recession five to six years ago are now gradually rising upward in value and are drawing first time home buyers, in addition to investors with their size and affordability. Menifee is up a whopping 14 percent since last year. Subsequently, Sun City is up 15 percent and perseveres while some surrounding neighborhoods have plateaued. Hemet and San Jacinto persevere as the top markets in Riverside County with one year increases at 14 percent for Hemet and an impressive 15 percent rise for San Jacinto. The recent decrease in crime in San Jacinto is highly correlated with a significant rise in property values. As compared to San Jacinto, Hemet has not yet experienced a similar reduction in crime, but still continues to witness a rise in property values predominantly attributed to the weather, proximity to popular destinations, and affordable prices. Larry Iest, the branch manager at Megastar Financial, says conventional mortgage rates for the week of Jan. 22-29 range from the 3.5 percent up to 4.5 percent, depending upon the type of mortgage selected.
December 2015 - December 2016 Area Price Comparison Review
[caption id="attachment_1304" align="aligncenter" width="576"] Coldwell Banker Associated BrokersThis Area Price Comparison Chart shows the changes in home price trends over the last year.[/caption] “Daily changes were again common this week for home loan rates, but as we end the week rates are basically where they were when the week began,” said Iest. Nationwide, “existing home sales for December were down 2.8 percent from November. The decrease was mainly due to the continued lack of inventory, which was down 6.8 percent. This was the lowest inventory level since 1999. The median home price, which is supported by low inventory, is up 4 percent year over year to $232,200.” The surrounding communities on the periphery of the San Jacinto Valley are a predictor of what we can expect over the coming few years. Considering Temecula, Murrieta, and Canyon Springs are high pressure markets that experience the initial flood of buyers and investors, the San Jacinto Valley remains a low pressure market that consistently feels the wave of financial trends from the outlying, more affluent communities. Considering all of these factors nationally and locally, whether you‘re a buyer or a seller, the real estate market continues to see a rise in activity on both sides. It’s a great time to sell with recent surges in value and equity. It’s also a great time to buy with interest rates persisting around the 4 percent range. Matt McPherson, 6th Generation in The Valley Coldwell Banker Associated Brokers. BRE # 01362837. (951) 315-7914 McPhtown@aol.com McPSOLD.Heresyourkey.com
English, Valley Chronicle: Thu, Dec 15, 2022
Soboba Band of Luiseño Indians
staffLeprechauns bring lots of green to Soboba Tribal Preschool
English, Valley Chronicle: Thu, Feb 25, 2021
Koi Nation of Northern California and California State Parks
staffKoi Nation of Northern California, USA
English, Valley Chronicle: Thu, Dec 8, 2022
24 Kids Shop with a Cop in Hemet
staff24 Kids Shop with a Cop in Hemet
English, Valley Chronicle: Thu, Dec 8, 2022
MSJC Hosts Temecula Valley Campus Dedication Ceremony
staffMSJC Hosts Temecula Valley Campus Dedication Ceremony
English, Valley Chronicle: Thu, Dec 8, 2022
NFPA urges added caution this holiday season, as Christ
staffNFPA urges added caution this holiday season, as Christmas Day and Christmas Eve are among the leading days of the year for U.S. home fires
English, Valley Chronicle: Thu, Dec 8, 2022
Stick to a “Go Safely” Game Plan: Celebrate the Holiday
staffStick to a “Go Safely” Game Plan: Celebrate the Holiday Season Responsibly National “Drive Sober or Get Pulled Over” Enforcement Campaign Begins Dec. 14
English, Valley Chronicle: Thu, Oct 27, 2022
Padilla Hosts Virtual Federal Student Debt Relief Brief
staffPadilla Hosts Virtual Federal Student Debt Relief Briefing to Encourage Californians to Apply
English, Valley Chronicle: Thu, Jun 9, 2022
Police Seek Help Locating Hit-and-Run Vehicle
staffPolice Seek Help Locating Hit-and-Run Vehicle
English, Valley Chronicle: Thu, Jun 9, 2022
Four CSUSB alumni win top award for radio show
staffFour CSUSB alumni win top award for radio show
English, Valley Chronicle: Thu, Jun 9, 2022
Follow-up: Plane Crashes Near Residential Homes in Heme
staffFollow-up: Plane Crashes Near Residential Homes in Hemet
English, Valley Chronicle: Thu, Jun 9, 2022
CSUSB Nursing Street Medicine Program partners with new
staffCSUSB Nursing Street Medicine Program partners with new mobile medical clinic
English, Valley Chronicle: Thu, Jun 9, 2022
Padilla Joins Farm Workers for a Workday as Part of the
staffPadilla Joins Farm Workers for a Workday as Part of the ‘Take Our Jobs’ Campaign
English, Valley Chronicle: Thu, Mar 24, 2022
CHP plans DUI checkpoint in Hemet Valley
staffCHP plans DUI checkpoint in Hemet Valley
English, Valley Chronicle: Thu, Mar 24, 2022
Don't undermine scientific discovery -- ever, but espec
staffDon't undermine scientific discovery -- ever, but especially now
English, Valley Chronicle: Thu, Mar 24, 2022
C.W. Driver companies breaks ground on new three-story
staffC.W. Driver companies breaks ground on new three-story stem education building
English, Valley Chronicle: Thu, Mar 24, 2022
35.3% Of Unvaccinated California Residents Cite Governm
staff35.3% Of Unvaccinated California Residents Cite Government Distrust
English, Valley Chronicle: Thu, Mar 24, 2022
ICYMI: Padilla Highlights From Judge Jackson’s Supreme
staffICYMI: Padilla Highlights From Judge Jackson’s Supreme Court Confirmation Hearing
English, Valley Chronicle: Thu, Mar 24, 2022
MSJC Celebrates Groundbreaking of New STEM Building and
staffMSJC Celebrates Groundbreaking of New STEM Building and Opening of New Animatronic Makerspace
English, Valley Chronicle: Thu, Mar 3, 2022
MSJC Receives $500,000 Apprenticeship Grant
staffMSJC Receives $500,000 Apprenticeship Grant
Price comparisons in the valley
Daily changes were again common this week for home loan rates, but as we end the week rates are basically the way they were when the week began.” Larry IestAnother big indicator of what’s on the horizon is the sharp decline among the surrounding high dollar markets. In Temecula, home prices are down 1 percent from last year at this time, while Murrieta has shown zero increase in property value. Canyon Lake also shows a 1 percent decrease in value from last year at this time. Communities that showed vast amounts of vacancies and abandoned homes due to the recession five to six years ago are now gradually rising upward in value and are drawing first time home buyers, in addition to investors with their size and affordability. Menifee is up a whopping 14 percent since last year. Subsequently, Sun City is up 15 percent and perseveres while some surrounding neighborhoods have plateaued. Hemet and San Jacinto persevere as the top markets in Riverside County with one year increases at 14 percent for Hemet and an impressive 15 percent rise for San Jacinto. The recent decrease in crime in San Jacinto is highly correlated with a significant rise in property values. As compared to San Jacinto, Hemet has not yet experienced a similar reduction in crime, but still continues to witness a rise in property values predominantly attributed to the weather, proximity to popular destinations, and affordable prices. Larry Iest, the branch manager at Megastar Financial, says conventional mortgage rates for the week of Jan. 22-29 range from the 3.5 percent up to 4.5 percent, depending upon the type of mortgage selected.
December 2015 - December 2016 Area Price Comparison Review
[caption id="attachment_1304" align="aligncenter" width="576"] Coldwell Banker Associated BrokersThis Area Price Comparison Chart shows the changes in home price trends over the last year.[/caption] “Daily changes were again common this week for home loan rates, but as we end the week rates are basically where they were when the week began,” said Iest. Nationwide, “existing home sales for December were down 2.8 percent from November. The decrease was mainly due to the continued lack of inventory, which was down 6.8 percent. This was the lowest inventory level since 1999. The median home price, which is supported by low inventory, is up 4 percent year over year to $232,200.” The surrounding communities on the periphery of the San Jacinto Valley are a predictor of what we can expect over the coming few years. Considering Temecula, Murrieta, and Canyon Springs are high pressure markets that experience the initial flood of buyers and investors, the San Jacinto Valley remains a low pressure market that consistently feels the wave of financial trends from the outlying, more affluent communities. Considering all of these factors nationally and locally, whether you‘re a buyer or a seller, the real estate market continues to see a rise in activity on both sides. It’s a great time to sell with recent surges in value and equity. It’s also a great time to buy with interest rates persisting around the 4 percent range. Matt McPherson, 6th Generation in The Valley Coldwell Banker Associated Brokers. BRE # 01362837. (951) 315-7914 McPhtown@aol.com McPSOLD.Heresyourkey.com
The Valley Chronicle - Price comparisons in the valleyng
Price comparisons in the valley
Koi Nation of Northern California and California State Parks Renew Memorandum of Understanding and Celebrate Renaming of Ridge and Trail
Koi Nation of Northern California, USA
MSJC Hosts Temecula Valley Campus Dedication Ceremony
MSJC Hosts Temecula Valley Campus Dedication Ceremony
Stick to a “Go Safely” Game Plan: Celebrate the Holiday
Stick to a “Go Safely” Game Plan: Celebrate the Holiday Season Responsibly National “Drive Sober or Get Pulled Over” Enforcement Campaign Begins Dec. 14
Police Seek Help Locating Hit-and-Run Vehicle
Police Seek Help Locating Hit-and-Run Vehicle
Follow-up: Plane Crashes Near Residential Homes in Hemet
Follow-up: Plane Crashes Near Residential Homes in Hemet
Padilla Joins Farm Workers for a Workday as Part of the
Padilla Joins Farm Workers for a Workday as Part of the ‘Take Our Jobs’ Campaign
Don't undermine scientific discovery -- ever, but espec
Don't undermine scientific discovery -- ever, but especially now
35.3% Of Unvaccinated California Residents Cite Governm
35.3% Of Unvaccinated California Residents Cite Government Distrust
MSJC Celebrates Groundbreaking of New STEM Building and
MSJC Celebrates Groundbreaking of New STEM Building and Opening of New Animatronic Makerspace
MSJC Receives $500,000 Apprenticeship Grant
MSJC Receives $500,000 Apprenticeship Grant
24 Kids Shop with a Cop in Hemet
24 Kids Shop with a Cop in Hemet
Stick to a “Go Safely” Game Plan: Celebrate the Holiday
Stick to a “Go Safely” Game Plan: Celebrate the Holiday Season Responsibly National “Drive Sober or Get Pulled Over” Enforcement Campaign Begins Dec. 14
Four CSUSB alumni win top award for radio show
Four CSUSB alumni win top award for radio show
Padilla Joins Farm Workers for a Workday as Part of the
Padilla Joins Farm Workers for a Workday as Part of the ‘Take Our Jobs’ Campaign
C.W. Driver companies breaks ground on new three-story
C.W. Driver companies breaks ground on new three-story stem education building
MSJC Celebrates Groundbreaking of New STEM Building and
MSJC Celebrates Groundbreaking of New STEM Building and Opening of New Animatronic Makerspace