Northeast Temecula Market Report

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Northeast 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
42065 Veneto Drive 4 3 1,985 $375,000 $188 9 days
2 Shaped up Court. Lot#2 N/A N/A N/A $230,000 Unknown 33 days
38798 Green Meadow Road 3 2 2,308 $589,500 $255 39 days
De Portola N/A N/A N/A $375,000 Unknown 48 days
39805 Colt Road 4 4 4,258 $1,325,000 $311 54 days
Newby Rd N/A N/A N/A $229,000 Unknown 78 days
3 Remuda Drive N/A N/A N/A $185,000 Unknown 69 days
33095 Newby Road 6 6 4,112 $850,000 $206 89 days
36360 Breslin Road 3 3 3,797 $855,000 $225 91 days
38910 Calle Segovia N/A N/A N/A $265,000 Unknown 146 days
40855 Calle Vecina N/A N/A N/A $180,000 Unknown 209 days
2 Stage Road N/A N/A N/A $79,000 Unknown 274 days
40334 Calle Katerine 4 3 3,036 $599,900 $197 100 days
36535 Saddletree Drive N/A N/A N/A $247,500 Unknown 113 days
40176 Annapolis Drive 3 3 1,936 $435,000 $224 84 days
39588 Meadow View Circle 6 4 3,269 $439,000 $134 90 days
39150 Calle Portillo 3 2 1,872 $499,000 $266 154 days
Black Oak N/A N/A N/A $235,000 Unknown 167 days
37370 Horsemans 3 4 3,642 $1,200,000 $329 195 days
33210 Crown Valley Road 4 4 2,926 $659,900 $225 203 days
Remuda Drive N/A N/A N/A $179,000 Unknown 237 days
Voyager Road N/A N/A N/A $149,900 Unknown 293 days
35685 Lake Summit Drive 3 3 3,228 $550,000 $170 439 days
John Muir Trail N/A N/A N/A $349,000 Unknown 1146 days
Indian Oaks Drive N/A N/A N/A $298,000 Unknown 1171 days
Average: 3.8 3.4 3,030 $450,138 $227 87 days
Viewing 1 - 25 of 26
Viewing 1 - 25 of 26
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
67 Stage N/A N/A N/A $115,000 $105,000 Unknown 63 days 10/31/18
37670 Remuda Drive 3 2 1,440 $479,000 $470,000 $326 57 days 9/21/18
37765 Quarter Valley Road 4 2 2,640 $425,000 $410,000 $155 42 days 9/19/18
30876 Sandpiper Lane 4 4 3,586 $599,900 $605,000 $168 8 days 8/16/18
34440 Black Mountain Road N/A N/A N/A $235,000 $216,750 Unknown 160 days 7/11/18
33925 Stage Road 3 3 2,667 $679,900 $660,000 $247 58 days 6/22/18
39585 Stirrup Road 3 3 3,100 $1,148,000 $975,000 $314 41 days 6/11/18
37086 Remuda Drive 4 2 2,136 $537,500 $535,000 $250 24 days 6/5/18
31602 Paseo De Las Olas 3 2 1,235 $349,000 $346,000 $280 10 days 5/31/18
Average: 3.4 2.6 2,400 $507,588 $480,305 $249 34 days
Viewing 1 - 9 of 9
Viewing 1 - 9 of 9

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.