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
43451 Calle Morita 4 3 1,841 $424,900 $230 4 days
45870 Corte Orizaba 5 3 3,078 $569,900 $185 4 days
44655 Corte San Gabriel 3 2 1,330 $389,000 $292 4 days
43895 Bluewood Circle 3 4 3,000 $578,000 $192 5 days
31090 Strawberry Tree Lane Unit #8 3 2 1,340 $338,000 $252 5 days
45318 Miramonte Street 5 5 3,401 $595,000 $174 6 days
44497 Penbrook Lane 4 2 2,139 $464,900 $217 6 days
46013 Logger Trail 4 3 2,968 $534,999 $180 9 days
31890 Calle Ballentine 3 3 1,664 $416,999 $250 7 days
34020 Summit View Place 4 3 3,371 $511,000 $151 8 days
45959 Parsippany Court 5 3 2,708 $399,900 $147 7 days
32954 Poppy Street 6 4 3,345 $579,000 $173 7 days
44765 Tehachapi 4 3 1,955 $468,999 $239 8 days
44340 Reidel Street 4 4 3,482 $788,000 $226 9 days
45590 Anza Road 5 4 4,209 $875,000 $207 9 days
31244 Taylor Lane 2 2 1,101 $270,000 $245 11 days
44958 Poppy Ridge Drive Unit #45 3 3 1,586 $360,000 $226 12 days
32653 Clearvail Drive 3 3 2,316 $469,000 $202 14 days
45754 Corte Mislanca 5 5 3,280 $599,900 $182 4 days
44974 Bellflower Lane Unit #25 2 2 1,071 $279,900 $261 8 days
31407 Taylor Lane 1 1 864 $239,000 $276 14 days
33819 Galleron Street 5 3 3,159 $624,999 $197 10 days
45316 Esmerado Court 3 3 1,600 $399,500 $249 14 days
44496 Kingston Drive 5 4 3,081 $479,900 $155 14 days
44736 Corte Valencia 5 5 3,248 $660,000 $203 15 days
Average: 3.9 3.1 2,550 $510,381 $212 44 days
Viewing 1 - 25 of 174
Viewing 1 - 25 of 174
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
31503 Calle Los Padres 3 3 1,488 $399,900 $268 6 days
45516 Jaguar Way 4 4 2,632 $479,999 $182 21 days
46243 Shade Tree Court 4 3 3,024 $505,000 $166 13 days
45523 Ponderosa Court 5 3 3,428 $549,900 $160 6 days
32899 Cinon Drive 5 4 2,476 $549,900 $222 4 days
31557 Calle Los Padres 3 3 1,488 $399,500 $268 5 days
29980 Pechanga Drive 3 2 1,083 $369,000 $340 10 days
44725 Lorraine Drive 3 2 1,697 $415,000 $244 30 days
32773 Pine Circle 5 4 4,000 $749,000 $187 34 days
30772 Loma Linda Road 2 2 1,230 $349,900 $284 13 days
30880 Greensboro Drive 4 2 1,979 $450,000 $227 6 days
32467 Corte Barela 4 3 3,145 $599,000 $190 8 days
44635 Corte San Gabriel 3 2 1,330 $385,000 $289 30 days
43209 Corte Argento 4 3 2,201 $470,000 $213 16 days
33968 Parador Street 4 3 2,675 $499,500 $186 43 days
34042 Vandale Court 4 4 3,009 $660,000 $219 44 days
44040 Soler Court 3 3 1,319 $354,999 $269 35 days
44633 Arbor Lane 3 3 1,172 $349,000 $297 31 days
45527 Hawk Court 4 4 2,847 $449,900 $158 35 days
31589 Via Santa Ines 3 2 1,330 $386,000 $290 29 days
42443 Suva Lane 5 4 3,983 $625,000 $156 65 days
32322 Fireside Drive 5 3 3,506 $575,000 $164 54 days
32229 Cedar Crest Court 4 3 2,968 $529,000 $178 5 days
31249 Mangrove Drive 3 3 1,807 $425,000 $235 48 days
45052 Laurel Glen Circle 5 5 3,855 $885,000 $229 46 days
Average: 3.9 3.1 2,428 $502,404 $222 44 days
Viewing 1 - 25 of 36
Viewing 1 - 25 of 36
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
31931 Via Saltio 4 3 2,693 $557,500 $555,000 $206 5 days 11/13/18
31851 Via Saltio 5 3 2,983 $565,000 $565,000 $189 0 days 11/9/18
31154 Strawberry Tree Lane Unit #76 3 3 1,236 $320,000 $320,000 $258 33 days 11/9/18
44835 Rutherford Street 3 3 2,902 $529,000 $525,000 $180 166 days 11/9/18
32290 Calle Balareza 5 4 3,968 $779,900 $779,900 $196 12 days 11/8/18
32209 Paseo San Esteban 4 3 2,650 $489,000 $465,000 $175 118 days 11/8/18
45385 Callesito Burgos 5 3 3,259 $585,000 $572,500 $175 37 days 11/7/18
32476 Hupp Dr 4 2 1,234 $370,000 $365,000 $295 12 days 11/6/18
44075 Calle Luz 3 3 1,552 $395,000 $395,000 $254 5 days 11/6/18
45491 Corte Narbonne 4 3 2,934 $475,000 $460,000 $156 116 days 11/6/18
45784 Corte Ricardo 5 4 3,444 $579,000 $559,000 $162 110 days 11/6/18
33077 Corte Ganso 3 2 1,800 $410,000 $410,000 $227 0 days 11/5/18
31553 Six Rivers Court 4 3 2,274 $424,900 $428,500 $188 15 days 11/5/18
45452 Via Jaca 3 3 2,571 $499,000 $499,000 $194 28 days 11/5/18
31707 Via Saltio 4 3 2,232 $449,900 $450,000 $201 51 days 11/5/18
45359 Escalante Court 3 3 1,468 $370,000 $365,000 $248 18 days 11/2/18
45272 Esmerado Court 3 2 1,260 $385,000 $380,000 $301 21 days 11/2/18
33650 Abbey Road 4 3 2,648 $474,888 $475,000 $179 82 days 11/2/18
33561 Emerson Way Unit #C 3 2 1,408 $344,900 $344,900 $244 5 days 11/1/18
33276 Alagon Street 3 3 2,223 $440,000 $430,000 $193 15 days 11/1/18
31090 Ruidosa Street 3 3 1,468 $419,000 $410,000 $279 5 days 11/1/18
43084 Corte Almonte 4 3 1,761 $425,000 $428,000 $243 88 days 11/1/18
45731 Corte Rodrigo 3 2 1,931 $449,000 $449,000 $232 96 days 10/31/18
33878 Madrigal Court 4 3 2,902 $521,900 $500,000 $172 116 days 10/31/18
44555 Kornell Street 3 4 3,284 $565,000 $565,000 $172 44 days 10/30/18
Average: 3.8 3.1 2,431 $493,564 $489,011 $212 34 days
Viewing 1 - 25 of 370
Viewing 1 - 25 of 370

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.