Murrieta Foreclosures Tops in Region
Category: Real Estate Trends
Published: Tuesday, May 26, 2009
Murrieta foreclosures led the Southwest Riverside County region in May, with 639 homes falling to foreclosure. These homes include executive homes in the Copper Canyon area, active senior community homes in the Colony and Four Seasons, and traditional single family homes in the California Oaks neighborhoods between I-15 and I-215.
Other Southwest County communities also reported significant foreclosure activity, increasing the number of bank owned homes available to smart buyers looking to close the deal on their new dream home. Temecula foreclosures and Lake Elsinore bank homes were nearly tied, with 529 and 517 respectively. Nearby Menifee foreclosures reported less than half of Murrieta's total at 283 while Wildomar foreclosures ranked lowest in the Southwest County region with just 142 foreclosures in May.
Best Murrieta Bank Homes Still Available
There has been a lot of media buildup lately about fewer foreclosures on the market and rising home prices. While in isolated areas that may be true, in Murrieta and other Riverside County foreclosures neighborhoods there are still significant bank owned bargains available. For example, a beautiful Arboretum condo is available for just $167,000 and an exquisite 3 bedroom, 2 bath Tranquila Avenue home boasting 2,180 square feet can be found for $169,575. Want an executive home on Murrieta's Westside or in Copper Canyon? A gorgeous 4 bedroom, 2 bath home with 2,644 square feet can be found on Bending Oak Court for just $388,000, significantly below the original $675,000 sale price!
There are currently 3,731 homes for sale in Murrieta, and over 1,100 of them are Murrieta foreclosure homes. Another 1,200 are in various stages of pre-foreclosure and 935 are Murrieta bank homes scheduled for real estate auction.
Buyers looking for Murrieta bank owned homes still have plenty of beautiful homes to choose from. Oak Tree Realty Group Murrieta specializes in Temecula bank homes, Murrieta short sales, Winchester foreclosures and Menifee REOs. Whether you are buying or selling, we can help with all your southwest Riverside County real estate needs. Contact the foreclosure specialists today at 1-877-226-4800.
The $8,000 first time homebuyer’s credit is set to expire in November and buyers are busy finding the best deals on Murrieta foreclosures and Temecula bank homes. The team at Oak Tree Realty Group Murrieta points to possible neighborhoods for great deals on affordable Murrieta bank homes.
Murrieta foreclosures led Southwest Riverside County home sales during the month of July according to market analyst MDA DataQuick. Nearly 1,000 homes changed hands last month and the experts at Oak Tree Realty Group Murrieta put the numbers in perspective.
Buyers of Temecula foreclosures may have less competition from first time homebuyers in the coming months, thanks to a plan by the City of Temecula to complete 110 half-finished condominiums and turn them into affordable housing apartments for rent. The team at Oak Tree Realty Group Murrieta offers insight into the plan.
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