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Resale and median price activity for Southwest California
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6 Year Regional Housing SummaryTemecula, Murrieta, Lake Elsinore, Menifee, Wildomar, Canyon Lake
Single Family Residential - Full Value Sales *Prepared by [email protected]
2004 2005 2006 2007 2008 2009Temecula
# Sales 1,975 1,742 1,141 805 1,569 1,334Median $ $437,158 $484,978 $526,237 $475,522 $337,735 $289,875
Total $$863,387,544 $844,831,095 $600,261,385 $382,795,143$529,906,738$386,693,250Avg $ / SqFt $222 $249 $252 $251 $152 $124
Murrieta# Sales 1,679 1,661 1,252 687 2,054 1,666
Median $ $432,511 $488,747 $530,912 $473,562 $304,466 $271,107Total $ $726,186,109 $811,809,044 $664,702,241 $325,336,865$625,373,335$451,664,262
Avg $ / SqFt $204 $227 $231 $206 $126 $105
Wildomar# Sales 361 327 317 218 473 287
Median $ $393,540 $442,018 $463,920 $435,608 $296,054 $225,739Total $ $142,067,790 $144,539,913 $147,062,772 $94,962,580 $140,033,463 $64,787,093
Avg $ / SqFt $218 $242 $238 $246 $149 $97
Lake Elsinore# Sales 924 1,054 700 335 1,154 959
Median $ $306,607 $363,543 $431,158 $366,358 $183,819 $179,965Total $ $283,304,406 $383,174,322 $301,810,425 $122,729,874$264,169,930$172,586,435
Avg $ / SqFt $197 $237 $265 $221 $121 $87
Menifee# Sales 820 763 520 498 1,005 651
Median $ $323,138 $364,695 $418,974 $370,671 $259,504 $201,899Total $ $264,972,818 $278,262,603 $217,866,263 $184,594,241$260,801,185$131,436,249
Avg $ / SqFt $197 $214 $215 $190 $119 $91
Canyon Lake# Sales 468 342 286 133 330 306
Median $ $443,384 $480,200 $567,071 $548,205 $300,561 $241,416Total $ $207,503,712 $164,228,400 $162,182,306 $72,911,265 $99,185,130 $73,873,296
Avg $ / SqFt $225 $264 $289 $271 $148 $114
* Summary data courtesy of Chicago Title & MRMLS. All figures presumed to be accurate but not guaranteed.
January 2010
0
50
100
150
200
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On Market (Supply)
Pending Closed (Demand) Days on Market % Selling Months Supply
320
293
159
59
68
2
431
299
193
52
70
2.2
286 2
41
133
59
73
2.1
188
174
87
55
67
2.2
80 5
7 30
79
72
2.5
95
38
25
64
67
3.8
Temecula Murrieta Lake Elsinore Menifee Wildomar Canyon Lake
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9/04 9/05 9/06 9/07 9/08 9/09
Murrieta Temecula Lake Elsinore Menifee Wildomar Canyon Lake
6 Year Regional Housing Graph
December Demand Chart
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Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09Temecula Murrieta Lake Elsinore Menifee Wildomar Canyon Lake
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
Mar-08 Sep-08 Mar-09 Sep-09
Temecula Murrieta Lake Elsinore Wildomar Menifee Canyon Lake
Southwest California – 24 Month Home Sales
Median Price
758 Pre-foreclosure
387 Bank-Owned
Maps Courtesy of:ForeclosureRadar
643 Pre-foreclosure
276 Bank-Owned
Maps Courtesy of:ForeclosureRadar
333 Bank-Owned
494 Pre-foreclosure
Maps Courtesy of:ForeclosureRadar
84 Bank-Owned
153 Pre-foreclosure
Maps Courtesy of:ForeclosureRadar
172 Bank-Owned
292 Pre-foreclosure
Maps Courtesy of:ForeclosureRadar
78 Bank-Owned
99 Pre-foreclosure
Maps Courtesy of:ForeclosureRadar
