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Wednesday, November 6, 2024

Temecula home prices rise in the second quarter of 2019

Realestate2

The median sale price of a home sold in the second quarter of 2019 in Temecula rose by $3,250 while total sales decreased by 5%, according to BlockShopper.com.

From April through June of 2019, there were 566 homes sold, with a median sale price of $473,250 - a 0.7% increase over the $470,000 median sale price for the same period of the previous year. There were 596 homes sold in Temecula in the second quarter of 2018.

The median sales tax in Temecula for the most recent year with available data, 2016, was $4,479, approximately 0.9% of the median home sale price for the second quarter of 2019.

The following table compares Temecula to other Riverside County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Norco74688.8%$591,500$587,5000.7%
Colton 5366.7%$545,000$675,000-19.3%
Rancho Mirage240283-15.2%$527,000$525,0000.4%
Corona729772-5.6%$520,000$512,5001.5%
Mira Loma 543938.5%$507,000$465,5008.9%
Temecula566596-5%$473,250$470,0000.7%
La Quinta424486-12.8%$459,500$429,0007.1%
Palm Springs485532-8.8%$455,000$397,25014.5%
Winchester 136148-8.1%$438,750$429,5002.2%
Canyon Lake796619.7%$438,000$444,750-1.5%
Murrieta6556500.8%$430,500$425,0001.3%

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