West Temecula Market Report

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West 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
40000 Pasadena Drive 3 3 2,106 $475,000 $225 10 days
31832 Green Oak Way 3 3 1,846 $409,999 $222 10 days
80134 Winchester Road N/A N/A N/A $2,700,000 Unknown 14 days
41842 6th Street 3 2 1,136 $795,000 $699 34 days
Mirasol Way N/A N/A N/A $140,000 Unknown 40 days
Old Town Front Street N/A N/A N/A $1,499,000 Unknown 42 days
42095 Zevo Drive Unit #A9 N/A N/A 2,161 $479,000 $221 48 days
43575 Calle Colina N/A N/A N/A $425,000 Unknown 62 days
25355 Via Oeste 3 3 2,308 $819,000 $354 76 days
44842 Tehachapi 3 2 1,415 $419,999 $296 123 days
Denise Road N/A N/A N/A $125,000 Unknown 166 days
No address N/A N/A N/A $165,000 Unknown 175 days
La Cruz N/A N/A N/A $150,000 Unknown 233 days
31927 butterfield stage road N/A N/A N/A $3,000,000 Unknown 419 days
AVENIDA ALVARADO N/A N/A N/A $550,000 Unknown 270 days
El Prado Rd N/A N/A N/A $268,830 Unknown 254 days
AVENIDA ALVARADO N/A N/A 27,972 $550,000 $19 270 days
45601 Via Tornado 3 4 3,468 $1,250,000 $360 259 days
45251 Saint Tisbury Street 5 4 3,921 $489,900 $124 297 days
1 Camino Estribo N/A N/A N/A $725,000 Unknown 361 days
28418 Felix Valdez Avenue N/A N/A 10,918 $1,595,000 $146 525 days
Average: 3.3 3.0 5,725 $810,987 $267 259 days
Viewing 1 - 21 of 21
Viewing 1 - 21 of 21
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
42990 Camino Caruna 3 3 1,900 $400,000 $210 95 days
42225 Remington Avenue Unit #A17 N/A N/A 2,508 $410,000 $163 56 days
42225 Remington Avenue Unit #A-9 N/A N/A 73,148 $222,000 $3.03 142 days
42245 Remington Avenue Unit #B-3 N/A N/A 55,800 $270,000 $4.83 125 days
42075 REMINGTON Avenue N/A N/A 2,537 $199,000 $78 13 days
Average: 3.0 3.0 27,178 $300,200 $92 86 days
Viewing 1 - 5 of 5
Viewing 1 - 5 of 5
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
44375 De Luz Rd 3 2 3,000 $1,600,000 $1,475,000 $491 18 days 2/19/19
45312 Esmerado Court 3 3 1,597 $399,500 $398,000 $249 225 days 2/11/19
39365 Calle Segovia 3 2 1,536 $450,000 $425,000 $276 69 days 2/4/19
41842 6th Street 3 2 1,136 $650,000 $565,000 $497 15 days 1/11/19
42210 Roick Drive Unit #12 N/A N/A 2,029 $474,900 $465,000 $229 215 days 12/20/18
42764 Tierra Robles Place 2 1 1,061 $329,888 $315,000 $296 9 days 12/19/18
30241 Santa Cecilia Drive 3 2 1,359 $410,000 $405,000 $298 18 days 11/13/18
31440 Sweetwater Circle 5 4 3,207 $549,900 $549,900 $171 106 days 11/13/18
45042 Corte Bella Donna 4 3 2,118 $486,000 $482,000 $227 24 days 11/9/18
29517 Cara Way 3 3 1,407 $310,000 $310,000 $220 10 days 10/8/18
Calle Segovia N/A N/A N/A $349,000 $300,000 Unknown 254 days 9/19/18
Average: 3.2 2.4 1,845 $546,289 $517,263 $295 70 days
Viewing 1 - 11 of 11
Viewing 1 - 11 of 11

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.