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Thursday, November 7, 2024

Temecula home prices fall in March 2019

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The median sale price of a home sold in March 2019 in Temecula fell by $18,000 while total sales decreased by 10.8%, according to BlockShopper.com.

In March 2019, there were 141 homes sold, with a median sale price of $452,000 - a 3.8% decrease over the $470,000 median sale price for the same period of the previous year. There were 158 homes sold in Temecula in March 2018.

The median sales tax in Temecula for the most recent year with available data, 2016, was $4,479, approximately 1% of the median home sale price for March 2019.

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

CityMar. 2019 Home SalesMar. 2018 Home Sales% change (Total Home Sales)Mar. 2019 Median Sales PriceMar. 2018 Median Sales Price% change (Median Sales Price)
Homeland 10-$595,000$0-
Norco2230-26.7%$562,500$580,000-3%
Rancho Mirage8892-4.3%$519,500$583,250-10.9%
Mira Loma 1820-10%$517,500$455,00013.7%
Corona2182151.4%$487,500$520,000-6.3%
Temecula141158-10.8%$452,000$470,000-3.8%
La Quinta139164-15.2%$450,000$431,7274.2%
Palm Springs147162-9.3%$445,000$348,25027.8%
Mountain Center 52150%$440,000$240,75082.8%
Canyon Lake282227.3%$438,500$409,7507%
Aguanga 23-33.3%$426,000$397,0007.3%

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