Central North Temecula Market Report

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Temecula Market Report

Temecula has twice been named "The Best City in Riverside County to live in" by The Press-Enterprise. Tax revenues generated by the many shopping opportunities have allowed the city to provide a solid infrastructure, low crime rate, fairly clean air, and an abundance of cultural and recreational programs for residents. 

Just south of central Temecula, the Pechanga Tribe of American Indians operate the Pechanga Resort and Entertainment Center where visitors can enjoy gaming, boxing, or concerts.

Market Trends  July saw 53 Property sales, down -14.5% from 62 in July of 2017 and -15.9% lower than the 63 sales in June 2018.  July YTD sales of 357 are -13.8% behind last year's ytd sales totaling 414.

The Median Sales Price in July was $490,000, up 2.6% from $477,500 in July of 2017 and down -1.0% from $495,000 in June.

The Average Sales Price in July was $511,204, up 3.6% from $493,671 in July of 2017 and down -0.1% from $511,827 last month.

The DOM for July was 22, down -26.7% from 30 days last month and down -21.4% from 28 days in July of last year. The July 2018 DOM was at its lowest level compared with July of 2017 and 2016.

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The July 2018 Selling Price per Square Foot of $223 was up 8.3% from $206 last month and up 10.9% from $201 in July of last year.  

The number of New Listings in July 2018 was 87, down -11.2% from 98 last month and up 31.8% from 66 in July of last year. 

 

 

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
31201 Corte Alhambra 3 2 1,514 $419,900 $277 1 day
44121 Flores Drive 3 2 1,890 $839,900 $444 1 day
43153 Bassano Drive 3 2 1,339 $414,900 $309 1 day
33035 Hill Street 5 3 3,071 $532,900 $173 3 days
32376 Corte Coronado 4 3 2,526 $519,000 $205 4 days
30865 Lolita Road 5 6 5,000 $1,699,900 $339 4 days
33347 ELIZABETH Road 8 4 3,948 $576,000 $145 6 days
33310 Elizabeth Road 5 3 3,429 $625,000 $182 7 days
31876 Calle Luz 3 3 1,512 $399,000 $263 7 days
43505 Corte Benavente 3 3 1,307 $395,000 $302 8 days
32417 Campo Drive 5 3 3,259 $570,000 $174 9 days
31142 Camino Del Este 3 2 972 $308,000 $316 12 days
32845 Naples Court 3 3 1,621 $455,000 $280 3 days
30913 Corte De Los Santos 3 3 1,788 $444,000 $248 12 days
29835 Villa Alturas Drive 4 3 1,993 $529,900 $265 13 days
32439 Bergamo Court 5 3 2,166 $465,000 $214 14 days
31399 Corte Montiel 4 3 2,622 $532,000 $202 13 days
32000 Corte Cardin 4 3 1,525 $429,000 $281 13 days
32828 Caserta Drive 3 2 1,346 $350,000 $260 3 days
42190 Faber Court 5 3 3,071 $579,000 $188 13 days
42045 Cosmic Drive 3 2 1,132 $420,000 $371 45 days
43094 Corte Cabrera 3 2 1,220 $380,000 $311 14 days
31640 Cala Carrasco 4 3 1,946 $489,000 $251 14 days
39656 June Court 2 2 1,077 $339,900 $315 19 days
43014 Brighton Ridge Lane 5 5 4,900 $1,245,000 $254 16 days
Average: 3.9 3.0 2,493 $581,632 $242 46 days
Viewing 1 - 25 of 111
Viewing 1 - 25 of 111
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
31353 Corte Tunas 4 3 2,622 $419,900 $160 5 days
41403 Calle Tajo 3 2 1,235 $350,000 $283 0 days
29673 Ramsey Court 3 3 1,650 $405,000 $245 4 days
32563 Lama Court 4 3 2,595 $494,900 $190 5 days
32182 Camino Seneco 4 3 2,590 $474,000 $183 3 days
42068 Dahlia Way 4 3 2,403 $439,000 $182 31 days
31943 Calle Ballentine 3 3 1,664 $433,777 $260 17 days
31986 Corte Castro 4 3 1,800 $439,000 $243 42 days
27514 Bolandra Court 3 2 1,582 $399,900 $252 24 days
28915 E Vallejo Avenue 5 4 3,500 $977,000 $279 63 days
43701 Manzano Drive 5 6 4,682 $1,399,900 $298 7 days
42955 Via Alhama 4 2 2,000 $439,900 $219 88 days
31749 Corte Avalos 3 3 1,539 $405,000 $263 64 days
42140 Lyndie Lane Unit #17 2 2 1,040 $240,000 $230 56 days
41597 Avenida De La Reina 2 2 1,267 $380,000 $299 14 days
42540 Escolacata Drive 4 2 1,848 $449,000 $242 98 days
30589 Linden Court 5 3 2,985 $571,484 $191 22 days
Average: 3.7 2.9 2,174 $507,042 $234 36 days
Viewing 1 - 17 of 18
Viewing 1 - 17 of 18
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
30205 Villa Alturas Drive 5 3 2,552 $454,900 $455,000 $178 104 days 1/22/19
Felix Valdez N/A N/A N/A $1,000,000 $850,000 Unknown 157 days 1/22/19
31250 Corte Alhambra 3 2 1,533 $364,950 $339,200 $221 33 days 1/18/19
32182 Calle Balareza 4 3 3,001 $619,900 $590,000 $196 257 days 1/18/19
32928 Paterno Street 4 3 2,146 $439,900 $450,000 $209 65 days 1/17/19
42942 Avenida Amistad 3 3 1,739 $399,000 $382,300 $219 102 days 1/17/19
43070 Maidstone Court 4 3 2,514 $530,000 $524,000 $208 16 days 1/16/19
30761 Sky Terrace Drive 4 3 1,975 $469,900 $454,000 $229 67 days 1/11/19
32164 Corte Carmona 5 3 3,218 $560,000 $545,000 $169 156 days 1/11/19
32940 Pliance Way 5 3 2,939 $539,900 $529,900 $180 36 days 1/10/19
31692 Leigh Lane 4 3 2,855 $550,000 $545,000 $190 3 days 1/7/19
31470 Paseo Goleta 3 2 2,160 $485,000 $460,500 $213 58 days 1/4/19
32215 Camino Marea 3 2 1,719 $439,900 $444,900 $258 46 days 1/3/19
43129 Teramo Street 3 2 1,346 $365,000 $365,000 $271 33 days 1/2/19
31052 Calle Aragon 3 2 1,267 $374,900 $374,900 $295 105 days 12/31/18
41403 Calle Tajo 3 2 1,235 $350,000 $300,000 $242 7 days 12/31/18
42986 Calle Cristal 3 3 1,739 $414,900 $415,000 $238 82 days 12/28/18
32093 Calle Balareza 4 3 3,262 $564,900 $530,000 $162 94 days 12/28/18
31241 Corte Alhambra 3 2 1,430 $394,900 $400,000 $279 8 days 12/27/18
33366 Fox Road 4 3 3,145 $554,900 $555,000 $176 34 days 12/27/18
44080 Terraza Court 4 3 2,352 $459,000 $459,000 $195 43 days 12/27/18
31374 Corte Tunas 4 2 2,160 $489,900 $480,000 $222 17 days 12/26/18
32869 Verona Court 3 3 1,790 $429,900 $425,000 $237 45 days 12/21/18
30804 Point Woods Court 3 3 2,470 $485,000 $453,550 $183 72 days 12/21/18
43095 Camino Casillas 3 3 1,444 $390,000 $393,000 $272 118 days 12/21/18
Average: 3.7 2.8 2,226 $495,976 $488,366 $228 45 days
Viewing 1 - 25 of 214
Viewing 1 - 25 of 214

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.