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!
Winchester and French Valley Homes
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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