SmartZip Temecula Top 10 Real Estate Investment Market Report July 2009 - Presentation Transcript
TM
July 2009 | www.SmartZip.com
TEMECULA, CA
Overview Key Investment Metrics
Temecula is a city located in the Average SmartZip Score™ 69 Growth
southwestern part of Riverside County, 57 Income
California. Temecula lies about 86 miles Average Market Value: $281,666
southeast of Los Angeles and 60 miles north
of San Diego. $131 per Sq. Ft.
10-Year Proj. Appreciation: 47%
The community grew steadily through the Average Monthly Rent: $1,833
20th century, with dramatic changes taking
Average Cap Rate: 2.9%
place in the 1970s following the onset of
large-scale subdivision and the development 10-Year Proj. Population Growth: 49%
of real estate. Temecula today is the site
of one of California’s oldest wineries, and
Temecula Valley serves as one of the state’s
small but significant wine producing regions. Local Expert Insights
• Residents attracted to the high quality of life and
Temecula is also home to military families low cost of living, nice neighborhoods, great
from nearby Camp Pendleton, MCAS weather, wine region, lots of open space, and
Miramar, March Air Reserve Base and the low crime rate
Navy bases in San Diego.
• Very affordable, bedroom community with home
On the Map prices now in the $90 to $110 per square foot
range, attracting couples and young families who
want to own their own homes
• Low inventory level means that homes are now
selling as fast as they come on the market with
multiple offers
• Short sales may remain active in the MLS after
an offer is submitted to the bank, making supply
appear larger than actual
SmartZip's Analysis and insights into Temecula, CA more
SmartZip's Analysis and insights into Temecula, CA as a fundamentally strong real estate market for investors and homebuyers, based on SmartZip's investment ratings and local insights less
0 comments
Post a comment