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
32115 Calle Ballentine 3 3 1,664 $399,000 $239 3 days
43450 Via Barrozo 3 3 1,630 $400,000 $245 26 days
41799 Camino De La Torre 4 3 3,189 $529,900 $166 19 days
32390 Castle Court 5 4 3,983 $759,900 $190 18 days
32369 Castle Court 5 4 3,667 $784,900 $214 52 days
40626 Nob Court 3 3 2,855 $429,888 $150 104 days
Average: 3.8 3.3 2,831 $550,598 $201 37 days
Viewing 1 - 6 of 6
Viewing 1 - 6 of 6
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
42961 Avenida Amistad 2 2 1,128 $333,000 $330,000 $292 6 days 3/25/19
41735 Brandeis Court 5 4 3,363 $635,000 $632,000 $187 31 days 3/22/19
42934 Corte Abanilla 4 2 1,950 $539,900 $535,000 $274 72 days 3/22/19
41662 Monterey Place 3 2 2,237 $474,900 $474,900 $212 180 days 3/22/19
33620 Corte Bonilla 4 3 2,467 $499,900 $490,000 $198 248 days 3/20/19
39741 Rustic Glen Drive 2 2 904 $335,000 $330,000 $365 9 days 3/19/19
43153 Bassano Drive 3 2 1,339 $409,900 $405,000 $302 23 days 3/19/19
43189 Barsanti Drive 3 2 1,430 $419,900 $405,000 $283 5 days 3/19/19
32376 Corte Coronado 4 3 2,526 $519,000 $510,000 $201 10 days 3/15/19
31353 Corte Tunas 4 3 2,622 $419,900 $405,000 $154 5 days 3/15/19
43094 Corte Cabrera 3 2 1,220 $380,000 $378,500 $310 43 days 3/14/19
42209 Camino Romo 3 2 1,558 $418,000 $413,000 $265 113 days 3/14/19
43031 Greene Circle 4 3 2,224 $499,999 $510,000 $229 6 days 3/13/19
28299 TIERRA VISTA Road 3 3 2,130 $435,000 $440,000 $206 16 days 3/13/19
31433 Corte Madera 3 2 1,514 $405,000 $405,000 $267 7 days 3/8/19
39656 June Court 2 2 1,077 $339,900 $339,500 $315 32 days 3/8/19
32097 Corte Florecita 4 3 2,526 $503,000 $496,000 $196 34 days 3/7/19
31876 Calle Luz 3 3 1,512 $394,900 $391,000 $258 36 days 3/6/19
32085 Camino Rabago 5 4 3,842 $659,000 $625,000 $162 87 days 3/5/19
32684 Guevara Drive 4 3 1,536 $419,900 $415,000 $270 7 days 3/4/19
43022 Avenida Amistad 2 2 1,128 $324,900 $324,900 $288 11 days 3/4/19
30865 Lolita Road 5 6 4,724 $1,699,900 $1,650,000 $349 31 days 3/4/19
31489 Corte Pacheco 3 3 1,964 $479,900 $479,900 $244 65 days 3/4/19
29582 Corte Copa 4 3 2,391 $424,900 $428,000 $179 178 days 3/4/19
42526 Escolacata Drive 3 2 1,469 $432,900 $427,000 $290 6 days 2/28/19
Average: 3.7 2.8 2,192 $497,904 $488,897 $231 56 days
Viewing 1 - 25 of 107
Viewing 1 - 25 of 107

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.