Tenaja (Murrieta, CA)
By Lisa Delzompo 951-704-4559, Experienced, Trusted, & On Your Mission: Home
(Sand to Sea Properties, Inc.)
Custom Tenaja Estate Homes at "Executive Home" Prices in Murrieta CA - Murrieta West Side In the 2004 - 2006 time frame, executive home buyers looking to keep their purchase price under $700,000 were priced out of homes on the west side of Murrieta in the coveted Tenaja and La Cresta estate, ranch and horse property areas.  Back then, prices were well above $1 million, and "executive" homes were considered homes above 3500 sq ft, on a large enough lot for a pool and some lawn area; perhaps 8,000 to 10,000 sq ft lots.  And these were in tracts in Murrieta well down the hill from the La Cresta and Tenaja homes.  Fast forward to the year 2010, and pricing on the La Cresta and Tenaja homes still includes many above $1million, and yet with the recession and real estate price cuts in the area...
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By Lisa Delzompo 951-704-4559, Experienced, Trusted, & On Your Mission: Home
(Sand to Sea Properties, Inc.)
Market Report for Homes for Sale in Murrieta - Tenaja The large number of homes actively for sale in the Tenaja area of Murrieta is characteristic of higher-than-median priced homes.  Tenaja is a lovely area of rolling hills, estates and horse property in the Northwest portion of Murrieta near the Santa Rosa Plateau.    As the market recovers in other parts of Murrieta - where entry-level homes can be bought for a monthly payment (PITI) constituting less than it would cost to rent - it is expected that homes in pricier neighborhoods would sell less quickly.  That is what we are seeing with this chart showing June 2010's sales, pending and active listings for homes for sale in Tenaja area of Murrieta.
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