In August 2019, there were 23 homes sold, with a median sale price of $425,000. There were 27 homes sold in Canyon Lake in August 2018, and the median sales price for the period was also $425,000.
The median sales tax in Canyon Lake for the most recent year with available data, 2016, was $3,562, approximately 0.8% of the median home sale price for August 2019.
The following table compares Canyon Lake to other Riverside County cities with similar median sales prices in August 2019:
| City | Aug. 2019 Home Sales | Aug. 2018 Home Sales | % change (Total Home Sales) | Aug. 2019 Median Sales Price | Aug. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Temecula | 118 | 189 | -37.6% | $489,500 | $472,500 | 3.6% |
| Nuevo | 4 | 6 | -33.3% | $460,000 | $427,500 | 7.6% |
| Winchester | 31 | 64 | -51.6% | $430,000 | $445,500 | -3.5% |
| Murrieta | 111 | 189 | -41.3% | $430,000 | $420,000 | 2.4% |
| Bermuda Dunes | 6 | 15 | -60% | $427,000 | $348,500 | 22.5% |
| Canyon Lake | 23 | 27 | -14.8% | $425,000 | $425,000 | 0% |
| La Quinta | 78 | 97 | -19.6% | $422,500 | $388,500 | 8.8% |
| Rubidoux | 10 | 20 | -50% | $415,000 | $344,000 | 20.6% |
| Palm Springs | 89 | 127 | -29.9% | $412,500 | $445,000 | -7.3% |
| Wildomar | 20 | 32 | -37.5% | $411,500 | $425,000 | -3.2% |
| Riverside | 173 | 313 | -44.7% | $406,000 | $402,000 | 1% |
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