South Temecula Market Report

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 South Temecula Market Report

Temecula has been twice 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. 

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.

Award-winning schools within the Temecula Valley Unified School District such as Great Oak High School offer many programs to assist students as well as a career-technology program designed to prepare students for direct entry to the workplace. The staff is comprised of a group of highly qualified, idealistic educators who are taking advantage of the opportunity to try some new methods of assessment and instruction.

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
44993 Silver Rose Street 5 3 3,106 $589,800 $189 2 days
46060 Coyote Canyon 4 3 3,605 $564,900 $156 5 days
44119 Calle Luz 3 3 1,218 $365,000 $299 4 days
32648 Hislop Way 4 3 2,078 $435,000 $209 4 days
32000 VIA CORDOBA 4 3 2,118 $459,900 $217 5 days
31105 Ruidosa Street 4 3 2,071 $447,000 $215 3 days
31872 Corte Positas 4 2 1,950 $545,000 $279 6 days
43015 Greene Circle 4 3 1,954 $489,900 $250 4 days
45130 Marsanne Street 5 4 4,209 $839,900 $199 5 days
43312 Dodaro Drive 4 3 2,984 $525,000 $175 39 days
44585 Alighchi Way 3 3 1,412 $420,000 $297 6 days
31858 Domenoe Way 4 3 2,203 $435,000 $197 6 days
31221 Taylor Lane 2 2 1,101 $272,900 $247 7 days
44915 TROTSDALE Drive 3 3 1,735 $438,000 $252 6 days
42340 Via Consuelo 4 3 1,529 $439,000 $287 7 days
45737 SIERRA Court 4 3 2,274 $438,000 $192 9 days
45994 Corte Mislanca 4 4 3,032 $625,000 $206 9 days
33811 Channel Street 4 3 2,301 $529,000 $229 3 days
46209 Jon William Way 4 4 3,613 $699,000 $193 11 days
32848 Pine Circle 4 4 4,152 $698,000 $168 10 days
45216 Jumi Circle 4 3 2,888 $569,000 $197 13 days
45378 Camino Monzon 4 3 2,934 $589,000 $200 11 days
31294 Bocaw Circle 4 2 1,948 $440,000 $225 12 days
31368 PAHUTA Street 5 3 2,708 $539,900 $199 13 days
32716 Freesia Way 4 3 2,328 $494,000 $212 13 days
Average: 3.9 3.1 2,583 $530,583 $212 45 days
Viewing 1 - 25 of 151
Viewing 1 - 25 of 151
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
46351 Canyon Crest Court 5 3 3,506 $630,000 $179 4 days
45020 Rutherford Street 5 4 3,106 $689,000 $221 12 days
45053 Corte Bravo 3 3 1,759 $455,000 $258 3 days
33634 EMERSON Way Unit #A 3 3 1,674 $350,000 $209 5 days
44854 Potestas Drive 4 2 1,234 $380,000 $307 17 days
31038 Strawberry Tree Lane 3 3 1,411 $345,000 $244 8 days
44655 Corte San Gabriel 3 2 1,330 $384,900 $289 10 days
44688 Corte Sanchez 3 3 2,023 $435,000 $215 34 days
44891 Trotsdale Drive 4 3 1,960 $424,899 $216 23 days
43928 Brookhaven Court 4 3 3,366 $535,000 $158 16 days
44492 Cayenne Trail 3 3 1,480 $410,000 $277 12 days
42352 Maskauz Ct 4 3 1,529 $365,000 $238 39 days
44661 ARBOR LANE 3 3 1,172 $320,000 $273 10 days
46057 VIA LA COLORADA 3 3 1,916 $454,000 $236 134 days
46033 Via La Colorada 4 3 2,576 $499,900 $194 7 days
34078 AMICI Street 3 3 2,774 $519,000 $187 19 days
45627 Basswood Court 5 3 3,210 $585,000 $182 7 days
34015 Baystone Street 4 4 3,009 $639,900 $212 40 days
46195 Timbermine Lane 3 3 1,650 $419,900 $254 7 days
31927 Oregon Lane 4 3 2,780 $478,000 $171 40 days
45332 Callesito Ordenes 4 3 2,574 $489,500 $190 49 days
31655 Loma Linda Road 3 2 1,412 $409,800 $290 41 days
44585 Kornell Street 7 6 4,573 $750,000 $164 70 days
45266 Esplendor Court 3 3 1,519 $369,000 $242 69 days
33542 Pebble Brook Circle 4 3 3,136 $550,000 $175 78 days
Average: 3.8 3.1 2,302 $477,936 $221 56 days
Viewing 1 - 25 of 33
Viewing 1 - 25 of 33
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
31209 Black Maple Drive 4 3 2,111 $459,500 $461,500 $218 69 days 3/15/19
45744 Corte Lobos 6 3 3,050 $520,000 $505,000 $165 75 days 3/15/19
32954 Poppy Street 6 4 3,345 $534,900 $520,000 $155 78 days 3/13/19
43451 Calle Morita 4 3 1,841 $414,900 $410,000 $222 59 days 3/12/19
32145 Fireside Drive 5 3 4,100 $694,900 $675,000 $164 179 days 3/12/19
44555 Lauriano Drive 3 2 1,205 $361,000 $361,000 $299 13 days 3/11/19
33023 Harmony Lane 4 3 2,100 $449,999 $452,000 $215 76 days 3/8/19
31377 Strawberry Tree Ln 3 3 1,807 $455,000 $445,000 $246 1 day 3/8/19
44517 La Paz Road 2 2 1,044 $244,900 $244,900 $234 13 days 3/8/19
45133 Putting Green Court 3 3 2,055 $455,000 $422,000 $205 57 days 3/8/19
33958 Parador Street 4 3 3,106 $499,999 $500,000 $160 120 days 3/8/19
45929 Corte Mislanca 4 4 3,032 $562,500 $563,000 $185 5 days 3/6/19
45190 Saint Tisbury Street 4 3 3,545 $749,000 $715,000 $201 13 days 3/6/19
44736 Corte Valencia 5 5 3,248 $639,999 $620,000 $190 86 days 3/4/19
47641 Pala Road 3 2 1,848 $429,900 $412,000 $222 198 days 3/4/19
44745 Calle Banuelos 3 3 1,559 $385,000 $385,000 $246 11 days 3/1/19
44570 Johnston Drive 3 3 1,559 $399,000 $380,000 $243 67 days 3/1/19
42015 Cosmic Drive 2 1 953 $334,900 $340,000 $356 7 days 2/28/19
33016 Rossman Circle 3 3 1,294 $389,900 $380,000 $293 10 days 2/28/19
45981 Camino Rubi 4 4 3,032 $579,500 $612,000 $201 6 days 2/28/19
32653 Clearvail Drive 4 3 2,316 $437,900 $438,500 $189 92 days 2/28/19
32848 Pine Circle 4 4 4,152 $549,000 $553,000 $133 37 days 2/28/19
33711 Spring Brook Circle 4 2 2,563 $569,900 $560,000 $218 11 days 2/27/19
32150 Caminito Osuna 4 3 2,806 $545,000 $545,000 $194 7 days 2/27/19
31090 Strawberry Tree Lane Unit #8 3 2 1,340 $335,000 $330,000 $246 88 days 2/27/19
Average: 3.7 3.0 2,345 $477,437 $470,521 $215 52 days
Viewing 1 - 25 of 273
Viewing 1 - 25 of 273

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.