Jurupa Valley 91752

Residential Real Estate Market Update

September 2023

Area of Focus: 19 – Mira Loma – Village (See Map)

The following residential real estate market update report for the end of September 2023 in the Mira Loma Village area in the City of Jurupa Valley. Here’s an overview of the current market metrics, analyzed to offer insights that can guide your real estate decisions.

Market Overview:

As of the end of September 2023, the Mira Loma Village area in the City of Jurupa Valley is essentially stagnant. There were no closed sales in the month of September.

There are currently no active listings or new listings, therefore the months’ supply inventory data cannot be determined.  Remember, the ‘months supply inventory’ metric represents the number of months it would take to sell all the available homes on the market, given the current sales pace. A lower number indicates a seller’s market, where demand outweighs supply.  Here, there is no inventory at all, clearly a sellers’ market exists as indicated by the last two shown below.

Year-to-Date Sales Activity:

Since the beginning of the year (January 1, 2023), there have been two residential property sales in the Mira Loma Village area. These sales provide some insight into the market dynamics:

February Sale:

• Listed Price: $610,000
• Sold Price: $615,000
• Sale Date: August 21, 2023
• Price per Square Foot: $344

August Sale:

• Listed Price: $525,000
• Sold Price: $580,000
• Sale Date: August 7, 2023
• Price per Square Foot: $563

Market Insights:

The Mira Loma Village area has witnessed limited sales activity during the year, with only two recorded sales. While this data is limited, it does suggest that there is buyer interest in the area, as both properties sold for prices higher than their initial listing prices.

The absence of active listings, new listings, and other market metrics for September 2023 makes it difficult to draw conclusions regarding the direction of the market in this area.   The real estate market can vary significantly from month to month, and this particular month indicates a stagnant market.

Conclusion:

The Mira Loma Village area’s real estate market for September 2023 appears to be in a unique and somewhat dormant state, as indicated by the absence of certain key market metrics for this specific month.

However, the year-to-date data suggests that there is potential for positive price trends, with both recorded sales fetching higher prices than their original listings.

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
mail@mbliverealty.com
MB Live Realty, Inc.
www.mbliverealty.com

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.