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
44865 Potestas Drive 3 2 1,001 $324,999 $324 7 days
46036 Via La Colorada 4 3 2,576 $515,000 $199 9 days
33292 Rhine Avenue 4 4 3,263 $693,000 $212 6 days
45684 Corte Mislanca 5 4 3,032 $569,500 $187 25 days
31261 Taylor Lane 2 2 1,101 $279,900 $254 31 days
45808 Klamath Court 3 3 2,274 $415,000 $182 206 days
Average: 3.5 3.0 2,207 $466,233 $226 47 days
Viewing 1 - 6 of 6
Viewing 1 - 6 of 6
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
43928 Brookhaven Court 4 3 3,366 $535,000 $525,000 $155 16 days 3/25/19
45635 Hawk Court 4 3 2,628 $450,000 $450,000 $171 29 days 3/22/19
31367 David Lane 2 2 1,101 $265,000 $262,000 $237 62 days 3/22/19
46195 Timbermine Lane 3 3 1,650 $419,900 $408,900 $247 7 days 3/21/19
44655 Corte San Gabriel 3 2 1,330 $384,900 $385,000 $289 10 days 3/20/19
34078 AMICI Street 3 3 2,774 $519,000 $480,000 $173 19 days 3/20/19
31927 Oregon Lane 4 3 2,780 $478,000 $475,000 $170 40 days 3/20/19
33349 Morning View Drive 4 3 2,528 $519,900 $505,000 $199 3 days 3/18/19
44492 Cayenne Trail 3 3 1,480 $410,000 $410,000 $277 12 days 3/18/19
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
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
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
Average: 3.7 2.9 2,265 $465,728 $457,786 $219 55 days
Viewing 1 - 25 of 154
Viewing 1 - 25 of 154

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.