This document provides a 6-year housing summary for cities in Southwest Riverside County, California from 2004-2009. It includes data on the number of home sales, median home prices, total home sales prices, and average price per square foot for each city. The data shows that while home sales numbers remained steady or increased from 2004-2006, median prices peaked in many cities in 2006 before declining significantly in 2008 and 2009 as the housing market cooled off. For example, in Temecula median prices rose from $437,158 to $526,237 between 2004-2006 before falling to $337,735 in 2008.

1. 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.

2. 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

3. 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

4. 758 Pre-foreclosure
387 Bank-Owned
Maps Courtesy of:
ForeclosureRadar

5. 643 Pre-foreclosure
276 Bank-Owned
Maps Courtesy of:
ForeclosureRadar

6. 494 Pre-foreclosure
333 Bank-Owned
Maps Courtesy of:
ForeclosureRadar

7. 153 Pre-foreclosure
84 Bank-Owned
Maps Courtesy of:
ForeclosureRadar

8. 292 Pre-foreclosure
172 Bank-Owned
Maps Courtesy of:
ForeclosureRadar

9. 99 Pre-foreclosure
78 Bank-Owned
Maps Courtesy of:
ForeclosureRadar