Temecula Home buying - 2009 Compared to 2010

By
Real Estate Broker/Owner with Realty Works Temecula BRE No: 01233850

Temecula Home Buying, Southwest Riverside County, California.

Temecula, is one of the most popular Cities for home buying, in Southwest Riverside County, California.  Home prices are heading upward from the downturn.  We are in our slower season now, but there are still multiple offers on almost every home under $300,000 Our median home price is approximately $280,000 which is up 15% from last year.

The reason it is important to track these statistics every month, is to see if prices are heading back down. I haven't seen any sign that prices are heading back down even slightly right now.   However, I track these numbers every month! 

Many consumers believe that the, "Shadow Inventory", of foreclosed homes will bring prices back down.  The "shadow inventory", may never come.....the other theory is that the foreclosed homes will just keep trickling in like they have been, leaving the "shadow inventory", a topic that escapes reality!

Looking at the table below there are fewer overall sales in 2010, however, the number of sold properties over $200,000 has actually increased!

Prices have gone up steadily since 2008, and next spring here in Southwest Riverside County, prices will go up again!


Call me about specific Neighborhoods, that you are interested in finding out more information: 866-621-0155 

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________Closed Sales     ******Sold Closed Sales       Sold Amount  2009         Sold Amount  2010
________September 2009            September 2010           Below $200,000              Below $200,000

Corona -----------313  ---------------231                                  42   ----------------------------22

Canyon Lake ------32   ----------------21    -------_--------  --16   ----------------------------10

Lake Elsinore/- _145     ------ _------ 95                                100      ---------------------   ---55
Canyon Hills  

Menifee -----------96      ----------_--102   ------------------ - 49   -------------------------_-45

Murrieta ------- _194       -------_----183    -------------_-----51   ----------------------- - _  30

Riverside ------ _430      ------------ 342     --------- -- -----276             --------- ----__----177

Temecula --------171-----------------193       ---------------_-37    
----------------------- ---23

Winchester ------_50   ----------------24   ----------------- ---22     ------------------------ --13

Wildomar ----------51  ------------ ----40   ----------------- ---18     -----------------_ --- -----5 

Totals   ---------1,482   ------------1,231     ------------------611      -------------------------358



There were only 251 fewer sales overall but the number of sales above $200,000 actually increased!   

 

 

 

SEE MORE OF MY RECENT POSTS!

Low Tax Areas In Temecula

Winchester and French Valley Homes

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New Home Buying In Riverside County

TEMECULA VINYARDS - LIST OF THE MOST POPULAR VINYARDS

Call me for information about living and playing in the Temecula Wine Country!


Contact me for information regarding Real Estate in Riverside County.  My office is in Temecula, and I specialize in selling homes in the Temecula Wine County, De Luz, La Cresta, Bear Creek, Murrieta, Wildomar and Menifee, Canyon Lake, Canyon Hills, Lake Elsinore areas!  Anywhere in Southwest Riverside County and North San Diego County. 

 

 

Broker of Record- DRE  01109492
Southwest Real Estate, Inc. 
Telephone:  866 621-0155

Temecula Homes For Sale

Riverside County Homes For Sale
 

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Rainer
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Dave Gubler
Mission Viejo, Foothill Ranch, Lake Forest, Ladera Ranch - Lake Forest, CA
Realtor | Orange County

Excellent info Jane.  You consistently demonstrate that you are the area expert.

Oct 19, 2010 05:16 AM #1
Rainer
163,254
Ryan Case
SCA Real Estate - Anaheim, CA
877-828-0710

Considering I farm and work in Temecula, that info is great for buyers to see!

Oct 19, 2010 04:09 PM #2
Rainmaker
1,116,466
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

I like your table. Neither Russel nor I could get tables to work in ActiveRain, so I do it in Excel and then copy the screen shot and turn it into a graphic. Those I know how to work with!

Oct 19, 2010 05:26 PM #3
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Rainmaker
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Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula

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