2009 Southwest California Housing Summary

January 2010 6 Year Regional Housing Summary Temecula, Murrieta, Lake Elsinore, Menifee, Wildomar, Canyon Lake Single Family Residential - Full Value Sales * Prepared by GeneWunderlich@srcar.org 2004 2005 2006 2007 2008 2009 Temecula # Sales 1,975 1,742 1,141 805 1,569 1,334 Median $ $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$386,693,250 Avg $ / 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 $271,107 Total $ $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 $225,739 Total $ $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 $179,965 Total $ $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 $201,899 Total $ $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 $241,416 Total $ $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.

500 6 Year Regional Housing Graph 450 400 350 300 250 200 150 100 50 0 9/04 9/05 9/06 9/07 9/08 9/09 Murrieta Temecula Lake Elsinore Menifee Wildomar Canyon Lake 4 450 3 1 December Demand Chart 400 3 2 2 2 2 350 0 8 9 9 6 3 9 2 300 4 1 1 250 1 1 9 8 1 7 3 8 5 200 4 1 9 3 150 3 9 8 5 8 7 7 6 7 7 6 7 6 100 0 5 5 5 5 5 9 6 4 8 0 3 7 2 7 7 3 3 2 9 2 9 5 2 2 2 2 3 8 50 0 5 . . . . . 2 2 1 2 5 8 0 On Market Pending Closed (Demand) Days on Market % Selling Months Supply (Supply) Temecula Murrieta Lake Elsinore Menifee Wildomar Canyon Lake

500 Southwest California – 24 Month Home Sales 450 400 350 300 250 200 150 100 50 0 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Temecula Murrieta Lake Elsinore Menifee Wildomar Canyon Lake $450,000 Median Price $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 Mar-08 Sep-08 Mar-09 Sep-09 Temecula Murrieta Lake Elsinore Wildomar Menifee Canyon Lake

758 Pre-foreclosure 387 Bank-Owned Maps Courtesy of: ForeclosureRadar

2009 Southwest California Housing Summary

by Southwest Riverside County Association of Realtors on Jan 29, 2010

Accessibility

Categories

Tags

Upload Details

Usage Rights

2 Embeds 2

Statistics

2009 Southwest California Housing Summary — Document Transcript

http://activerain.com	1
http://gadblog.srcar.org	1