I have some imortant data from the Temecula valley area. Here you go.
Active/Pendings
%of pendings to actives.. lower% = more unsold inventory
via IMRMLS.com only. @10:50PM 3-4-07
Temecula North :269/44 %=16
Temecula South :332/53 %=16
French Valley :154/19 %=12
Menifee :506/72 %=14
Murrieta West :293/41 %=14
Murrieta East :701/76 %=11
I’d say its fair to say that the undesirable areas will be hit the hardest.
On average in this area for every home that is in escrow, there are about 7.7 more homes that are not.
