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
29930 Santiago Road 6 3 3,196 $995,000 $311 4 days
43094 Corte Cabrera 3 2 1,220 $385,000 $315 5 days
42061 Majestic 4 3 3,928 $719,000 $183 5 days
31374 Corte Tunas 4 2 2,160 $489,900 $226 5 days
32940 Pliance Way 5 3 2,939 $539,900 $183 6 days
42616 Camelot Road 4 3 2,709 $494,900 $182 6 days
42535 Escolacata Drive 3 2 1,617 $435,000 $269 6 days
39875 Knollridge Drive 2 2 904 $365,000 $403 7 days
31470 Paseo Goleta 3 2 2,160 $499,900 $231 37 days
32085 Camino Rabago 5 4 3,842 $649,000 $168 8 days
43399 Corte Rialto 4 3 2,130 $454,900 $213 8 days
30978 Mira Loma Drive 3 2 1,444 $429,888 $297 8 days
32215 Camino Marea 3 2 1,719 $449,900 $261 12 days
42301 Harwick Lane 5 3 3,341 $649,900 $194 13 days
43382 Modena Drive 4 3 2,444 $539,900 $220 13 days
30378 Senela Place 3 3 1,660 $425,000 $256 16 days
40545 Calle Fiesta 6 4 3,700 $799,900 $216 16 days
32572 Campo Drive 4 3 3,255 $555,000 $170 15 days
20573 Margarita Road N/A N/A N/A $265,000 Unknown 16 days
43129 Teramo Street 3 2 1,346 $380,000 $282 19 days
32429 Castle Court 5 4 3,983 $780,000 $195 0 days
42999 Corte Colucci 3 3 1,383 $426,499 $308 19 days
31468 Corte Montiel 4 2 2,160 $474,900 $219 20 days
42955 Via Alhama 4 2 2,000 $449,900 $224 21 days
41675 Avenida De La Reina 3 2 1,514 $419,000 $276 22 days
Average: 3.8 3.0 2,523 $594,780 $233 78 days
Viewing 1 - 25 of 139
Viewing 1 - 25 of 139
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
41597 Avenida De La Reina 2 2 1,267 $380,000 $299 14 days
42993 Calle Jeminez 3 3 1,508 $419,000 $277 20 days
43072 Agena Street 4 3 1,975 $408,000 $206 13 days
32372 Cassino Court 5 3 2,787 $525,000 $188 40 days
43824 Barletta Street 4 4 2,816 $628,850 $223 1 day
31540 Pio Pico Road 6 8 6,767 $1,249,000 $184 47 days
32041 Corte La Puenta 4 3 2,371 $443,900 $187 69 days
42118 Elgin Court 4 3 1,856 $409,888 $220 121 days
29420 Ynez Road 3 3 3,165 $829,000 $261 13 days
42677 Azure Street 3 3 1,564 $407,925 $260 64 days
42397 Via Azalea 4 2 1,714 $410,000 $239 86 days
42156 Chestnut Drive 3 3 1,442 $385,000 $266 63 days
43009 Calle Jeminez 3 3 1,508 $399,000 $264 106 days
42693 Azure Street 4 3 2,014 $447,270 $222 102 days
43095 Camino Casillas 3 3 1,444 $390,000 $270 118 days
43075 Corte Fresca 3 3 2,391 $422,500 $176 97 days
31767 Via Telesio 5 4 5,266 $1,049,000 $199 56 days
42776 Twilight Court 3 2 1,132 $399,000 $352 124 days
30589 Linden Court 5 3 2,985 $571,484 $191 22 days
41403 Calle Tajo 3 2 1,235 $350,000 $283 7 days
Average: 3.7 3.1 2,270 $511,439 $240 63 days
Viewing 1 - 20 of 23
Viewing 1 - 20 of 23
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
31024 Corte Alamar 3 3 1,800 $439,990 $435,000 $241 53 days 11/13/18
43870 Via Montalban 4 3 3,262 $535,000 $525,000 $160 32 days 11/9/18
29700 Mira Loma Drive 4 2 1,490 $369,900 $350,000 $234 83 days 11/9/18
32004 Camino Molnar 4 3 2,326 $525,000 $510,000 $219 12 days 11/8/18
43118 Primavera Drive 4 3 1,536 $444,900 $439,900 $286 12 days 11/8/18
31389 Chemin Chevalier 5 3 3,607 $574,900 $565,000 $156 93 days 11/7/18
32516 VIA DESTELLO 3 3 2,140 $424,990 $420,000 $196 26 days 11/6/18
42400 Cosmic Drive 4 3 1,975 $475,000 $475,000 $240 8 days 11/5/18
32447 Cassino Court 4 3 2,616 $519,900 $519,900 $198 6 days 11/5/18
42584 Azure Street 3 3 1,564 $429,990 $423,900 $271 43 days 11/5/18
29707 Indigo Place 3 3 1,974 $434,865 $434,990 $220 1 day 11/5/18
43400 Corte Benavente 3 3 1,307 $419,999 $415,000 $317 55 days 11/2/18
41905 Humber Drive 3 2 1,095 $364,900 $364,900 $333 21 days 10/31/18
31734 Paseo De Las Olas 3 3 1,636 $399,900 $399,000 $243 38 days 10/30/18
32153 Corte Gardano 4 3 2,301 $429,000 $429,000 $186 57 days 10/30/18
32370 Pensador Street 4 3 2,140 $475,000 $475,000 $221 62 days 10/30/18
40610 Alder Court 5 3 2,985 $542,449 $542,000 $181 76 days 10/30/18
41761 Corte Camara 4 3 2,415 $499,999 $499,999 $207 1 day 10/29/18
31010 Pescado Drive 4 3 3,985 $999,900 $999,900 $250 60 days 10/29/18
42970 Corte Abanilla 4 3 2,348 $579,000 $570,000 $242 36 days 10/29/18
32330 Corte Zamora 4 3 2,328 $514,898 $505,000 $216 22 days 10/26/18
42795 Jolle Court 2 2 2,566 $475,000 $453,100 $176 26 days 10/26/18
32886 Adelante Street 4 3 2,250 $508,000 $498,000 $221 78 days 10/26/18
41555 Corte Seda 4 3 2,524 $519,000 $530,000 $209 5 days 10/25/18
31060 Corte Arroyo Vista Drive 4 3 2,050 $485,000 $475,000 $231 107 days 10/25/18
Average: 3.7 2.9 2,213 $495,621 $490,529 $232 33 days
Viewing 1 - 25 of 259
Viewing 1 - 25 of 259

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.