Google Maps Real Estate
They say” the more things change the more the stay the same”.
Home buyers in Temecula, Murrieta and San Diego may agree.
These figures indicate there may be a lot of truth in that old adage:
1999: 37% of buyers searched for a home online.
2009: 90% of buyers searched for a home online.
1999: median home value is $137,600.
2009: median home value is $172,600 (but not that some reports reflect that when accounting for inflation, the value hasn’t changed at all this decade).
Temecula Homes for Sale
1999: 82% of buyers purchased detached, single family homes.
2009: 78% of buyers purchased detached, single family homes.
1999: 46% of buyers choose suburban neighborhoods.
2009: 54% of buyers choose suburban neighborhoods.
Temecula Homeowners
1999: 68% of buyers were married couples.
2009: 60% of buyers are married couples.
1999 and 2009: the median age for buyers was 39.
1999 and 2009: “neighborhood quality, affordability, and convenience to work and school have consistently been top priorities.”
Temecula Crowne Hill
You can draw your own conclusions from these numbers, but other than the explosion of on-line home search (37% to 90%) things are just about where they were ten years ago.
Figures from National Association of Realtors)
To speak to a first time home buyer specialist, call or email us. To subscribe to the blog, click on the subscribe button on the sidebar. To save or share with a friend, click on the button below.
Tags: murrieta first time home buyer, san diego first time home buyer, temecula first time home buyer, Temecula Real Estate Market