temecula: Temecula Valley: A Prime Real Estate and Business Hub
- 02/12/24 04:30 PM
Temecula Valley: A Prime Real Estate and Business Hub 1. Thriving Real Estate Market a. Home Prices and Trends The median sale price of a home in Temecula was $692,000 last month, reflecting a 6.5% increase compared to the previous year. The median sale price per square foot stands at $352, indicating a 9.7% growth year over year1. b. Competitive Housing Market Homes in Temecula receive multiple offers on average and sell within 39 days. The sale-to-list price ratio, demonstrating strong demand and competitive pricing 1. c. Migration Trends 80% of home buyers in Temecula prefer to stay within the metropolitan area, emphasizing its attractiveness as a place to settle. Las Vegas is the most popular destination … (1 comments)
temecula: Why Home Prices Are UNLIKELY to Go Down Any Time Soon Feb 2024
- 02/10/24 12:35 PM
Why Home Prices Are UNLIKELY to Go Down Any Time Soon: A Real Estate Analysis 1. Supply and Demand DynamicsThe fundamental principle of supply and demand plays a crucial role in the real estate market. Currently, we’re witnessing a significant imbalance between housing supply and buyer demand. Here’s why: Low Inventory: Housing inventory remains historically low. New construction has not kept pace with population growth and demand. As a result, buyers are competing for limited available properties, driving up prices. Population Growth: Southern California continues to attract new residents due to its desirable climate, job opportunities, and lifestyle. This influx of people further strains … (4 comments)
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Temecula Valley: A Prime Real Estate and Business Hub
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