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
30959 Brassie Lane 3 3 2,412 $505,000 $209 9 days
40341 Trenton Court 4 3 2,443 $475,000 $194 8 days
39127 Hidden Creek Lane 4 4 3,017 $510,000 $169 27 days
29816 Dawncrest Circle 4 3 1,901 $410,000 $215 88 days
Average: 3.8 3.3 2,443 $475,000 $197 33 days
Viewing 1 - 4 of 4
Viewing 1 - 4 of 4
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
40590 Calle Torcida 6 5 4,383 $749,900 $735,000 $167 40 days 3/21/19
29040 Bridgehampton Road 4 3 2,806 $575,000 $568,000 $202 90 days 3/20/19
40108 Villa Venecia 4 3 1,868 $419,900 $419,900 $224 98 days 3/18/19
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
Average: 3.8 2.9 2,257 $466,378 $459,111 $218 54 days
Viewing 1 - 25 of 114
Viewing 1 - 25 of 114

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.