The number of homes that sold from May went down 5.8%. The number of homes sold also went down from this time last year by 10.9%. Even with the number of homes being sold down, the number of homes on the market is up. The number of homes available is up 14.5%.
The price of homes is also on the rise. This started when the number of homes on the market was down, along with increase of buyers on the market. The price of homes rose 8.1% from May 2013, and 32% from June of 2012. Interest rates have also started to rise pushing more buyers out to the market to buy a home and lock in the interest rate before it rises.
With the higher selling prices of homes the value of homes has also risen. “Assessed property values in Riverside County are going to rise for the 2013-14 tax year, a gain not seen in five years,” Assessor-County Clerk-Recorder Larry Ward announced Tuesday, July 2.
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Tom Olsewski and his team as part of the Temecula Keller Williams office are residential specialists helping anyone looking to sell, buy, or invest in residential real estate in Temecula, Murrieta, and other South West Riverside County communities. Team Olsewski also has years of experience helping homeowners avoid foreclosure and understanding the options available to them other then foreclosure. Whether you are looking for the perfect home to suit your lifestyle or want to sell your home quickly and at the highest value, Team Olsewski is the real estate Team for you. Working with you as a team, they will help you achieve your long-term and short-term goals. Team Olsewski brings the full range of their talents to make the most out of your largest investment, your home. Contact them today! For more information about Tom and Team Olsewski go to (www.teamolsewski.com )
