Temecula Real Estate Market Update – February 2015

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We hope the following Temecula real estate market update helpful. If you would like to discuss this or chat about any of your real estate needs, or you know someone that will be selling or buying real estate soon, please call us at 951-506-1956 or email me at murray@thereynoldsrealtygroup.com.

Here’s how the Temecula real estate market did in February 2015.

Market Snapshot

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Rancho Water’s purchase of Vail Lake lands – How it might effect Temecula Wine Country

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vail-lake-resort

Here’s an interesting article on Rancho Water’s recent purchase of Vail Lake lands and how it may effect the adjacent Temecula Wine Country.

Temecula area water officials are breathing easier after a pair of recent reports indicated that last year’s $49.6 million Vail Lake land deal appears to be a sound financial investment.

Read More Here:  Reports offer upbeat outlook following Rancho’s purchase of Vail Lake lands |Published in The Valley News, on February 20, 2015 by Tim ‘OLeary

Update: What’s happened to short sales in Temecula?

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Distressed vs Standard Sale Properties In Temecula

What’s happened to short sales and what’s happening with the standard sale market in Temecula? While the number of standard sale properties on the market and the number of sales has decreased over the same period 6 months ago, both are about the same as the same period 1 year ago, Read the rest of this entry »

Temecula Real Estate Market Update – January 2015

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We hope the following Temecula real estate market update helpful. If you would like to discuss this or chat about any of your real estate needs, or you know someone that will be selling or buying real estate soon, please call us at 951-506-1956 or email me at murray@thereynoldsrealtygroup.com.

Happy New Year to all! Here’s how the Temecula real estate market did in January 2015.

Market Snapshot

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Temecula Real Estate Market Update – December 2014

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We hope the following Temecula real estate market update helpful. If you would like to discuss this or chat about any of your real estate needs, or you know someone that will be selling or buying real estate soon, please call us at 951-506-1956 or email me at murray@thereynoldsrealtygroup.com.

“Not a snowball’s chance in h*&&”!!!! Snow in Temecula?!?!! Yep, a once-in-a-lifetime event on New Year’s Eve Day. Boy, did we get excited!!! Anyway, Here’s how the Temecula market did in December 2014.

Market Snapshot

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Temecula Real Estate Market Update – September 2014

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We hope the following Temecula real estate market update helpful. If you would like to discuss this or chat about any of your real estate needs, or you know someone that will be selling or buying real estate soon, please call us at 951-506-1956 or email me at murray@thereynoldsrealtygroup.com.

Market Snapshot

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Temecula Real Estate Market Update – July 2014

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Soar or flop?We hope the following Temecula real estate market update helpful. If you would like to discuss this or chat about any of your real estate needs, or you know someone that will be selling or buying real estate soon, please call us at 951-506-1956 or email me at murray@thereynoldsrealtygroup.com.

Here’s how the Temecula market did in July 2014.

Market Snapshot

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Temecula Market Update – May 2014

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Soar or flop?We hope the following information is helpful. If you would like to discuss this or chat about any of your real estate needs, or you know someone that will be selling or buying real estate soon, please call us at 951-506-1956 or email me at murray@thereynoldsrealtygroup.com.

Summer is the “hot season” for the real estate market, right? Well, normally that’s true, but this year is it?

 

Market Snapshot

This is a general market snapshot. For higher-end properties ($1 million plus) please check out our post on Estates & Ranches by clicking here.

  • Median Sales Price ($409,000) is approaching the all time highs reached in 2006 (Approximately $500,000)
    • Gained $19,000 this year, and $85,000 over the last 2 years
    • Gained approximately $183,000 since the lows in 2009 (38.88%)
  • The number of sales is slightly below last year’s levels
  • Inventory has increased
    • Inventory levels are almost twice compared to May 2013 levels
    • Increase 19.37% compared to the the lowest level reached in the last 6 months (February 2014)
  • The time it is taking to sell is almost twice May 2013’s
  • Sales Prices continue to be below the Original Price

 

Number Of Sales and Median Sales Price

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Inventory And Number Of Sales

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Sales Price vs. Days On The Market

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*Note: All Stats Based On Single Family Dwellings, Standard Sales (Not Short Sales, REO’s, etc.)

Temecula Estates & Ranches Market Update – May 2014

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Temecula Valley

We hope the following information is helpful. If you would like to discuss this or chat about any of your real estate needs, or you know someone that will be selling or buying real estate soon, please call us at 951-506-1956 or email me at murray@thereynoldsrealtygroup.com.

Temecula Valley High-End Real Estate Market Snapshot

This is a Temecula Valley higher-end market snapshot for properties over $1 million.
For median priced properties (less than $1 million ) please click here.

  • Median Sales Price:
    • Median Sales Price this month is $1,388,000
    • Up $188,000 (13.54%) over the MSP 3 months ago
    • Down Slightly – (.29%) over last year’s MSP
    • Up $288,000 (20.75%) over the last 2 years
  • The Number of Closed Sales
    • 5 Closed Sales (1/2 of May 2013’s numbers)
    • And 1/2 of May 2012’s
  • Inventory has Increased
    • Inventory levels are up 23.6% compared to the lowest levels in the last 12 months (January 2014)
    • Currently there is 21.47 months of inventory (Absorption Rate)
  • The time it is taking to sell is up almost 50% compared to the median times over the previous 12 months
  • Sales Prices continue to be below the Original Price
  • Current Listing’s Average Price per Square Foot (PSF) was $328.55 compared with 12 month averages (Closed Sales) of $244 / PSF

 

Number Of Sales and Median Sales Price

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Inventory And Number Of Sales

ahighendabrate

Days On The Market and Original Price vs. Sales Price

dom-orig vs sales high end

Price Per Square Foot and Average Square Feet (Sales)

psf

Highest Price Sales & Properties Listed For Sale

highest prices
*Note: All Stats Based On Single Family Dwellings, Standard Sales (Not Short Sales, REO’s, etc.)

A Huge Success at the 26582 Corte Empresa, Temecula
Broker’s Open House

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We had a REALLY great turn-out at our Broker’s Open House last Thursday, thanks to over 40 of the top realtors & brokers in the Valley and beyond showing up to preview this magnificent home.

We’d also REALLY like to thank Patio World – a great LOCAL retailer – for helping us prepare this property for sale with the highest quality furniture anywhere, Shelly Moore/Escrow Leaders for helping out with delicious food, and of course the amazing Magda from Temecula Olive Oil Company for a wonderful presentation of their local, wonderful products!

We were a little busy… but here’s a few pics thanks to our friends.

For more information on this property, please click here. If you know someone that might be interested in it, please give me a call at 951-506-1956 or email me – click here:

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