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Wednesday, November 6, 2024

Temecula home prices rise in July 2019

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The median sale price of a home sold in July 2019 in Temecula rose by $10,000 while total sales increased by 25.4%, according to BlockShopper.com.

In July 2019, there were 222 homes sold, with a median sale price of $475,000 - a 2.2% increase over the $465,000 median sale price for the same period of the previous year. There were 177 homes sold in Temecula in July 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 July 2019.

The following table compares Temecula to other Riverside County cities with similar median sales prices in July 2019:

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Norco2129-27.6%$612,000$518,00018.1%
Corona250260-3.8%$540,000$516,0004.7%
Rancho Mirage5969-14.5%$525,000$538,000-2.4%
Canyon Lake2736-25%$498,000$413,75020.4%
Mira Loma 1624-33.3%$493,500$526,000-6.2%
Temecula22217725.4%$475,000$465,0002.2%
Murrieta23219121.5%$439,500$425,0003.4%
Rubidoux 18180%$431,000$330,00030.6%
Palm Springs124160-22.5%$426,250$440,000-3.1%
Lakeview 21100%$425,000$499,545-14.9%
La Quinta110143-23.1%$421,000$400,0005.3%

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