North Temecula Market Report

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North 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
28822 Edenton Way 4 3 2,528 $509,000 $201 1 day
28506 Oakhurst Way 4 3 2,544 $535,000 $210 2 days
40328 Balboa Drive 3 2 1,866 $464,900 $249 4 days
41154 Via Cielito 5 5 4,154 $989,500 $238 4 days
30681 Links Court 4 3 2,584 $489,000 $189 4 days
30600 Ko River Court 3 3 1,404 $424,990 $302 4 days
30595 Ko River Court 4 3 1,697 $439,000 $258 4 days
30959 Brassie Lane 3 3 2,412 $505,000 $209 6 days
39058 Sundance Circle 5 3 3,674 $635,000 $172 5 days
40445 Chantemar Way 3 2 1,513 $439,990 $290 5 days
29515 Avenida Del Sol 4 3 1,949 $619,997 $318 6 days
41655 Zinfandel Avenue 4 3 1,846 $425,000 $230 7 days
30330 Del Rey Road 3 3 2,004 $735,000 $366 8 days
39089 Crown Ranch Road 5 5 4,218 $670,000 $158 8 days
32019 Merlot Court 3 3 1,695 $419,000 $247 8 days
30322 Milano Road 4 3 1,868 $429,900 $230 11 days
28858 Lexington Road 4 3 2,806 $589,900 $210 13 days
30067 Laurel Creek Drive 4 3 1,922 $415,000 $215 12 days
40288 Cape Charles Drive 4 3 2,095 $449,900 $214 12 days
39534 June Road 3 3 1,328 $360,000 $271 12 days
31130 S General Kearny Unit #165 2 2 1,152 $94,900 $82 14 days
40409 Yardley Court 3 2 1,836 $399,900 $217 13 days
28906 Lakefront Road 3 3 2,084 $554,900 $266 27 days
41535 Yankee Run Court 4 3 1,813 $449,500 $247 14 days
31615 Avenida Del Reposo 4 3 2,415 $599,000 $248 16 days
Average: 3.8 3.0 2,427 $502,936 $213 60 days
Viewing 1 - 25 of 97
Viewing 1 - 25 of 97
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
29817 Via Sevilla 3 2 1,803 $455,000 $252 33 days
29935 Los Nogales Road 3 3 1,864 $649,000 $348 7 days
41908 Vardon Drive 2 2 1,425 $375,000 $263 6 days
40357 Logan Court 3 3 1,913 $469,900 $245 14 days
40526 Corrigan Place 4 3 2,746 $519,900 $189 8 days
29405 Via Norte 4 2 2,128 $639,900 $300 13 days
30511 HOLLYBERRY Lane 3 2 1,197 $360,000 $300 30 days
30021 Los Nogales Road 3 2 1,686 $589,000 $349 29 days
40375 Odessa Drive 5 5 4,505 $855,000 $189 10 days
40215 Mimulus Way 3 3 1,487 $365,000 $245 35 days
40590 Calle Torcida 6 5 4,383 $749,900 $171 40 days
31342 Ashmill Court 3 3 2,057 $460,000 $223 34 days
27534 Jon Christian Place 3 3 1,487 $384,900 $258 40 days
41038 SIMI Court 4 3 2,867 $502,000 $175 63 days
31240 GLENEAGLES Drive 3 2 2,024 $485,000 $239 68 days
40547 Koa Court 4 3 2,421 $499,516 $206 66 days
31298 Sunningdale Drive 3 2 2,024 $469,000 $231 69 days
31364 Placer Condrieu 5 4 3,607 $609,900 $169 73 days
40108 Villa Venecia 4 3 1,868 $419,900 $224 98 days
40058 Spring Place Court 2 3 1,530 $365,000 $238 103 days
29040 Bridgehampton Road 4 3 2,806 $575,000 $204 90 days
28869 Topsfield Court 4 3 2,778 $499,000 $179 159 days
29910 Via Norte 3 3 2,207 $599,950 $271 188 days
30604 Linden Court 4 2 2,218 $519,310 $234 72 days
Average: 3.5 2.9 2,292 $517,336 $238 56 days
Viewing 1 - 24 of 24
Viewing 1 - 24 of 24
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
30225 Sierra Madre Drive 4 3 2,200 $424,000 $415,000 $188 20 days 3/13/19
42072 Sweetshade Lane 3 2 1,235 $326,900 $311,000 $251 6 days 3/12/19
41347 Rue Jadot 5 3 2,337 $524,000 $525,000 $224 6 days 3/12/19
30969 Eagle Court 4 3 1,981 $468,888 $455,000 $229 99 days 3/12/19
41828 Humber Drive 4 3 2,284 $429,000 $434,000 $190 4 days 3/7/19
27549 Swallow Court 3 2 1,077 $349,999 $355,000 $329 38 days 3/7/19
27181 rainbow creek drive 3 2 1,262 $350,000 $345,000 $273 227 days 3/7/19
29974 Jon Christian Place 4 3 2,178 $410,000 $418,000 $191 67 days 3/5/19
39548 Linnit Circle 2 2 1,077 $350,000 $350,500 $325 6 days 3/4/19
40424 Charlesburg Drive 5 4 3,063 $549,000 $554,000 $180 11 days 3/4/19
39640 Rustic Glen Drive 3 3 1,383 $389,000 $386,000 $279 10 days 3/1/19
40320 Camino Campos Verde 6 4 3,432 $599,000 $601,000 $175 58 days 3/1/19
40317 Garrison Drive 5 3 3,463 $558,000 $550,000 $158 26 days 2/28/19
30867 Del Rey Road 3 3 2,598 $759,000 $758,000 $291 63 days 2/28/19
40238 Ayer Lane 3 3 1,684 $415,000 $417,000 $247 110 days 2/28/19
30102 Corte San Luis 5 3 2,809 $468,000 $468,000 $166 5 days 2/27/19
41859 Skywood Drive 4 2 1,658 $408,000 $398,000 $240 14 days 2/27/19
28991 Cumberland Road 4 3 2,772 $483,000 $483,000 $174 24 days 2/27/19
30927 Putter Circle 3 3 1,841 $399,000 $390,000 $211 33 days 2/26/19
31086 Spoon Circle 5 3 2,700 $469,000 $469,000 $173 46 days 2/26/19
31119 Bunker Drive 3 3 1,656 $404,900 $404,900 $244 96 days 2/26/19
31760 Sweetwater Circle 5 5 3,240 $533,500 $524,750 $161 78 days 2/25/19
39197 Hidden Creek Lane 4 3 2,389 $514,900 $500,000 $209 77 days 2/25/19
29740 Via Las Chacras 3 2 1,321 $397,000 $393,000 $297 7 days 2/22/19
40184 Pasadena Drive 3 3 1,991 $439,000 $437,000 $219 141 days 2/22/19
Average: 3.8 2.9 2,241 $467,609 $461,434 $219 50 days
Viewing 1 - 25 of 204
Viewing 1 - 25 of 204

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.