More Related Content
Similar to Southwest California 2009 Housing Recap
Similar to Southwest California 2009 Housing Recap (20)
More from Southwest Riverside County Association of Realtors
More from Southwest Riverside County Association of Realtors (20)
Southwest California 2009 Housing Recap
- 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