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Here's some interesting statistics if you are considering purchasing in Menifee vs. our neighboring City of Temecula. Menifee is climbing in population and is just now shy of reaching 100,000 in population. A rapid growing community residents are enjoying new shopping, dining and merchants grand openings on a regular and frequent basis. Menifee is great for commuters traveling the 15 and 215 corridors. To the north is Orange and LA Counties and to the south is San Diego.
Value in homes is still reachable in Menifee. Compared to Temecula located just 10 miles south you can obtain a home for quite a bit less. The median price for a home in Temecula is $389K while the median priced home in Menifee is $278K. Even better value if you can locate a foreclosed home as the median priced foreclosed is about $240K .
Below are more interesting statistics when it comes to purchasing a home in Menifee. Menifee surely has been placed on the map in recent years and still provides great value when it comes to the home buyer.
Median List Price is $278,000
Median Sales Price is $251,000
Median Foreclosure Sales Price is $240K
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