Area 13-Mira Loma-S of Limonite-Jurupa Valley Residential Real Estate Market Update-October 2023
Jurupa Valley 91752
Residential Real Estate Market Update
October 2023
Area of Focus:
13-Mira Loma – S of Limonite (See Map)
This report provides an analysis of the residential real estate market for the end of October 2023 in the original Mira Loma area of the City of Jurupa Valley, specifically for homes south of Limonite Ave.
October 2023 Market Overview
End of Month Active Listings
Current Status: There were zero active listings at the end of October 2023.
Yearly Comparison: This marks a 100% decrease from last year, indicating a complete absence of properties available for sale.
New Listings
Current Status: There were also zero new listings in October.
Yearly Comparison: This represents a 100% decline from the same period last year, further emphasizing the lack of market activity.
Months Supply Inventory
Current Status: There is no available data for months’ supply of inventory, which is consistent with the absence of active and new listings.
Closed Sales
Current Status: There were no closed sales in October.
Yearly Comparison: This is a 100% decrease compared to last year, suggesting a complete standstill in sales activity.
Average Days on Market
Current Status: There is no available data for the average days on the market, likely due to the lack of sales.
List to Sold Price Percentage
Current Status: No data is available for the list to sold price percentage.
Average Sales Price
Current Status: There is no data available for the average sales price in October.
Average Price per Square Foot
Current Status: No data available for the average price per square foot.
Additional Information
In the past 7 months, there have been 4 homes sold in this area.
The average sale price of these homes was $666,250.
Interpretation and Market Implications
The original Mira Loma area of the City of Jurupa Valley, particularly south of Limonite Ave, has experienced an extraordinary market condition as of October 2023. The complete absence of active and new listings, coupled with no closed sales for the month, indicates a market that is virtually inactive. This could be due to a range of factors, including potential economic shifts, local developments, or unique market dynamics specific to this area.
The lack of data on months’ supply inventory, average days on market, list to sold price percentage, and average sales price further underscores the standstill in market activity. Without these metrics, it’s challenging to gauge the market’s health or predict future trends.
However, the sales data from the past 7 months provide some insight. The sale of 4 homes with an average price of $666,250 suggests that while market transactions have been sparse, properties that did sell achieved a substantial sales price. This could indicate a market with high-value properties or a specific demand for certain types of homes in this area.
Conclusion
In conclusion, as of October 2023, the residential real estate market in the original Mira Loma area, south of Limonite Ave, is characterized by a complete halt in both listings and sales. The absence of traditional market activity metrics makes it difficult to draw comprehensive conclusions.
However, the sales over the past 7 months hint at a potentially high-value market under current unique conditions. This situation warrants close monitoring to understand the evolving dynamics and potential opportunities as they arise.
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.
Manny Barba
Broker-Attorney-Realtor®
951-990-3998
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.
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