Jurupa Valley 91752

Residential Real Estate Market Update

September 2023

Area of Focus:

16 – Mira Loma – Harvest Villages (See Map)

The following is the residential real estate market update for the end of September 2023 in Harvest Villages, City of Jurupa Valley:  This analysis serves as a resource for homeowners, buyers, and investors to navigate the current market with confidence.

End of Month Active Listings:

There are currently 3 active listings in the Harvest Villages tract, which represents a 40% decrease compared to the same time last year.

New Listings:

There were no new listings added during September 2023, indicating a 100% decrease compared to September last year.

Months Supply Inventory:

The months of supply inventory stands at 2.6 months, reflecting a 10.3% decrease from the same period last year. This indicates a relatively tight housing market.  Remember this 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.

Closed Sales:

In September 2023, there were 2 closed sales in Harvest Villages, which represents a significant increase of 100% compared to September last year.

Average Days on Market:

The average number of days that properties spent on the market is 38 days, showing a 9.5% decrease from the same time last year. This suggests properties are selling faster.

List to Sold Price %:

The average list to sold price percentage is 94.6%, indicating that, on average, properties are selling for approximately 94.6% of their listed price. This marks a 1.0% increase from last year.

Average Sales Price:

The average sales price for residential homes in Harvest Villages is $992,500, representing an 11.5% increase from the same period last year. This suggests a positive trend in property values.

Average Price per Square Foot:

The average price per square foot is $304, which reflects a 15.6% increase compared to September of the previous year. This suggests that property values are appreciating on a per-square-foot basis.

Summary:

The Harvest Villages residential real estate market in the City of Jurupa Valley is currently experiencing a decrease in active listings and new listings compared to the same time last year.

However, closed sales have doubled, indicating strong buyer activity. Properties are spending fewer days on the market, and both list to sold price percentage and average sales price have increased, reflecting positive trends in property values.

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.