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
40270 Emery Drive 4 3 2,497 $509,900 $204 2 days
40238 Ayer Lane 3 3 1,684 $424,900 $252 30 days
40058 Spring Place Court 2 3 1,530 $360,000 $235 4 days
30576 Iron Bark Court 2 1 856 $329,900 $385 11 days
40450 Chantemar Way 4 3 2,558 $459,900 $179 5 days
41101 Promenade Chardonnay 5 3 2,519 $519,000 $206 5 days
31760 Sweetwater Circle 5 5 3,240 $531,500 $164 5 days
31535 Avenida Del Reposo 3 3 2,810 $724,880 $257 6 days
40530 Calle Fiesta N/A N/A N/A $199,990 Unknown 6 days
30408 Moonlight Court 4 3 2,026 $454,999 $224 7 days
39197 Hidden Creek Lane 4 3 2,389 $529,900 $221 6 days
29935 Los Nogales Road 3 2 1,864 $680,000 $364 8 days
41855 Shorewood Court 4 3 1,901 $449,000 $236 10 days
39127 Hidden Creek Lane 4 4 3,017 $539,000 $178 7 days
40974 Cebu Drive 5 3 2,813 $475,000 $168 11 days
40353 Amesbury Lane 5 3 3,028 $564,900 $186 11 days
29816 Dawncrest Circle 4 3 1,901 $424,900 $223 12 days
40571 Calle Medusa 4 3 2,763 $479,900 $173 12 days
41953 Delmonte Street 4 3 2,584 $469,900 $181 12 days
39118 Sundance Circle 5 5 4,218 $649,000 $153 8 days
30761 Point Woods Court 4 3 2,584 $469,900 $181 24 days
29982 Avenida Cima Del Sol 3 2 1,411 $415,000 $294 11 days
30511 Hollyberry Lane 3 2 1,197 $350,000 $292 14 days
31119 Bunker Drive 3 3 1,656 $410,000 $247 16 days
28991 Cumberland Road 4 3 2,772 $497,000 $179 17 days
Average: 3.9 3.1 2,491 $496,098 $210 44 days
Viewing 1 - 25 of 128
Viewing 1 - 25 of 128
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
40431 Calle Medusa 3 2 1,872 $350,000 $186 2 days
30270 Tradewater Court 3 2 1,620 $424,000 $261 11 days
27480 Jon Christian Place 3 3 1,487 $389,900 $262 7 days
28862 Edenton Way 3 2 1,866 $455,000 $243 3 days
27401 Anselmo Way 4 3 2,489 $465,000 $186 8 days
41211 Pine Tree Circle 4 3 2,141 $429,900 $200 17 days
39732 Oak Cliff Drive 3 2 1,052 $389,000 $369 23 days
40590 Alder Court 4 3 2,421 $491,656 $203 20 days
39640 Rustic Glen Drive 3 3 1,245 $310,000 $248 12 days
40381 Wenham Way 3 3 2,034 $535,000 $263 20 days
40133 Villa Venecia 3 2 1,272 $360,000 $283 6 days
40013 Spring Place Court 2 3 1,530 $360,000 $235 13 days
27387 Lock Haven Court 4 3 2,304 $460,000 $199 25 days
39122 Rimrock Ranch Road 5 5 3,303 $619,000 $187 40 days
39822 Wellsley Court 4 3 3,352 $545,000 $162 29 days
30953 Eagle Court 4 3 1,981 $449,900 $227 44 days
30563 Iron Bark Court 4 2 1,524 $359,900 $236 30 days
27587 Swallow Court 3 3 1,487 $375,000 $252 56 days
28965 Williston Court 5 4 3,594 $539,000 $149 80 days
40595 Alder Court 4 2 2,218 $551,211 $248 90 days
31600 Sandhill Lane 5 3 2,676 $469,000 $175 110 days
31290 Congressional Drive 4 3 2,584 $399,000 $154 1 day
29705 Valle Olvera 6 3 2,797 $640,000 $225 67 days
30604 Linden Court 4 2 2,218 $519,310 $234 72 days
Average: 3.7 2.8 2,143 $449,327 $222 31 days
Viewing 1 - 24 of 21
Viewing 1 - 24 of 21
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
30953 Eagle Court 4 3 1,981 $449,900 $449,900 $227 44 days 11/13/18
29705 Valle Olvera 6 3 2,797 $640,000 $630,000 $225 67 days 11/13/18
40133 Villa Venecia 3 2 1,272 $360,000 $360,000 $283 6 days 11/9/18
40148 Starling Street 4 3 2,178 $399,000 $402,000 $184 29 days 11/9/18
41834 Shorewood Court 4 3 1,901 $479,000 $470,000 $247 32 days 11/8/18
41631 Monterey Place 4 3 3,099 $550,000 $550,000 $177 68 days 11/8/18
27076 Winchester Creek Avenue 3 2 1,143 $364,990 $375,000 $328 12 days 11/7/18
30449 Bogart Place 3 2 1,311 $365,000 $368,000 $280 4 days 11/6/18
30406 Milano Road 4 3 1,868 $409,900 $405,000 $216 73 days 11/5/18
31994 AHERN Place 4 2 2,004 $459,900 $457,000 $228 42 days 11/2/18
42026 Chestnut Drive 3 3 1,442 $389,000 $384,000 $266 12 days 11/2/18
31910 Reyes Court 5 4 3,457 $559,000 $545,000 $157 61 days 11/2/18
41627 Eagle Point Way 4 4 2,923 $500,000 $500,000 $171 58 days 11/1/18
30416 Mira Loma Drive 3 2 1,299 $379,000 $375,000 $288 54 days 11/1/18
30943 Medinah Way 3 2 1,689 $399,000 $399,000 $236 51 days 11/1/18
29657 Via Norte 6 4 3,875 $875,000 $875,000 $225 6 days 10/31/18
27256 Avon Lane 3 3 2,034 $525,000 $525,000 $258 10 days 10/30/18
28523 Plymouth Way 3 3 1,936 $449,000 $447,000 $230 42 days 10/30/18
31680 Sweetwater Circle 4 4 2,402 $524,990 $518,000 $215 16 days 10/29/18
27461 Blackstone Road 3 3 1,890 $441,900 $436,900 $231 17 days 10/29/18
31199 Kahwea Road 4 3 2,900 $775,000 $781,000 $269 17 days 10/26/18
30067 Manzanita Court 3 3 1,922 $414,880 $415,000 $215 71 days 10/26/18
41480 Luz Del Sol 4 4 3,198 $750,000 $750,000 $234 196 days 10/25/18
31421 Heitz Lane 3 2 1,389 $419,900 $420,000 $302 32 days 10/24/18
La Sombra N/A N/A N/A $275,000 $230,000 Unknown 16 days 10/23/18
Average: 3.8 3.0 2,309 $486,847 $481,729 $220 36 days
Viewing 1 - 25 of 307
Viewing 1 - 25 of 307

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.