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
41859 Skywood Drive 4 2 1,658 $408,000 $246 9 days
39561 June Road 3 3 1,471 $315,000 $214 5 days
30612 Hollyberry Lane 4 2 1,524 $375,000 $246 4 days
39588 Meadow View Circle 6 4 3,269 $494,000 $151 4 days
41888 Carleton Way 5 4 4,164 $699,900 $168 4 days
31348 Kahwea Road 4 3 2,763 $494,900 $179 4 days
27649 Sonora Circle 5 3 2,427 $430,000 $177 6 days
41268 Promenade Chardonnay 4 3 2,209 $499,000 $225 14 days
40317 Garrison Drive 5 3 3,463 $568,000 $164 7 days
39602 Meadow View Circle 4 3 3,149 $499,000 $158 7 days
30515 Avenida Estrada 5 4 4,056 $690,000 $170 9 days
30995 Via Norte 3 2 1,716 $529,000 $308 9 days
40375 Odessa Drive 5 5 4,505 $855,000 $189 10 days
40215 Mimulus Way 3 3 1,487 $375,000 $252 9 days
40399 Wenham Way 5 4 3,318 $560,000 $168 12 days
31284 Jura Court 4 2 2,284 $505,000 $221 11 days
29740 Via Las Chacras 3 2 1,321 $397,000 $300 7 days
42100 Southern Hills Drive 3 3 2,470 $449,900 $182 15 days
30770 Grand View Circle 5 4 3,468 $504,900 $145 15 days
40590 Calle Torcida 6 5 4,383 $799,900 $182 13 days
31342 Ashmill Court 3 3 2,057 $465,880 $226 14 days
27549 Swallow Court 3 2 1,077 $354,900 $329 15 days
39830 Cantrell Road N/A N/A N/A $495,000 Unknown 16 days
41670 Zinfandel Avenue 4 3 1,846 $439,999 $238 16 days
27534 Jon Christian Place 3 3 1,487 $389,900 $262 21 days
Average: 4.0 3.2 2,535 $503,973 $208 89 days
Viewing 1 - 25 of 96
Viewing 1 - 25 of 96
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
30424 Bogart Place 3 3 1,699 $399,900 $235 19 days
28809 S Lake Drive 3 3 1,684 $459,000 $272 7 days
41649 Monterey Place 3 2 2,237 $474,900 $212 34 days
43758 Calabro Street 3 4 1,635 $395,000 $241 52 days
41869 Corte Selva 3 3 2,343 $435,000 $185 6 days
28517 Oakhurst Way 5 3 3,000 $530,000 $176 42 days
40974 Cebu Drive 5 3 2,813 $475,000 $168 54 days
30617 Linden Court 5 4 3,648 $549,900 $150 23 days
29040 Bridgehampton Road 4 3 2,806 $575,000 $204 90 days
40590 Alder Court 4 3 2,421 $491,656 $203 20 days
40266 Mimulus Way 3 2 1,077 $349,800 $324 29 days
30677 San Pasqual Road 4 3 2,862 $789,000 $275 55 days
40320 Camino Campos Verde 6 4 3,432 $599,000 $174 58 days
39122 Rimrock Ranch Road 5 5 3,303 $619,000 $187 40 days
40595 Alder Court 4 2 2,218 $551,211 $248 90 days
31290 Congressional Drive 4 3 2,584 $399,000 $154 1 day
30604 Linden Court 4 2 2,218 $519,310 $234 72 days
Average: 4.0 3.1 2,469 $506,569 $214 40 days
Viewing 1 - 17 of 17
Viewing 1 - 17 of 17
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
28718 Edenton Way 3 3 1,774 $424,900 $423,000 $238 10 days 1/18/19
29733 Calle Palmas 3 2 1,477 $360,000 $360,000 $243 11 days 1/16/19
30445 Shenandoah Court 4 3 2,504 $499,880 $489,000 $195 38 days 1/16/19
31130 S. General Kearny Rd Unit #35 2 2 816 $75,000 $73,900 $90 109 days 1/16/19
31671 Ahern Place 4 3 2,867 $492,000 $487,000 $169 99 days 1/16/19
39377 Northgate 5 4 3,468 $589,000 $589,000 $169 7 days 1/15/19
San Pasqual N/A N/A N/A $145,000 $140,000 Unknown 172 days 1/15/19
27555 Nellie Court 3 2 1,878 $425,000 $411,600 $219 200 days 1/15/19
28902 Kennebunk Ct 4 3 2,778 $579,000 $575,000 $206 86 days 1/14/19
41101 Promenade Chardonnay 5 3 2,519 $519,000 $511,000 $202 16 days 1/11/19
30591 Hollyberry Lane 3 2 1,197 $349,900 $356,305 $297 80 days 1/11/19
28876 Chatham Lane 4 4 3,596 $470,000 $470,000 $130 171 days 1/10/19
40299 Bellevue Drive 4 3 2,101 $440,000 $440,000 $209 9 days 1/9/19
42149 Rubicon Circle 3 3 1,404 $416,000 $416,000 $296 9 days 1/9/19
30511 Hollyberry Lane 3 2 1,197 $335,000 $339,700 $283 35 days 1/7/19
27636 Sonora Circle 3 2 1,513 $429,900 $425,000 $280 15 days 1/7/19
27312 Albion Court 4 3 2,497 $530,000 $520,000 $208 91 days 1/4/19
31134 Maverick Lane 4 3 2,816 $559,900 $550,000 $195 387 days 1/4/19
31489 Country View Road 5 5 3,489 $605,000 $595,000 $170 7 days 1/3/19
40450 Chantemar Way 4 3 2,558 $459,900 $449,000 $175 18 days 1/3/19
39888 N General Kearny Road 4 3 2,200 $389,000 $385,000 $175 128 days 12/31/18
40168 Alexandria Drive 5 3 2,438 $495,000 $481,000 $197 12 days 12/27/18
31535 Avenida Del Reposo 3 3 2,810 $724,880 $710,500 $252 19 days 12/27/18
27512 Dandelion Court 3 3 1,834 $384,900 $380,000 $207 120 days 12/27/18
41986 Kaffirboom Court 3 2 1,235 $379,900 $378,000 $306 46 days 12/26/18
Average: 3.8 2.9 2,259 $469,564 $463,484 $218 41 days
Viewing 1 - 25 of 247
Viewing 1 - 25 of 247

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.