Temecula's Real Estate Blog

Where Are The Great “Temecula” Real Estate Deals

Real estate is down as much as 52% in some areas of Temeula, but it will go back up.

I get asked this everyday. Everybody wants to steal a house. It is amazing how short our memories are. I was doing some research on market activity for an investor client of mine and I found out some interesting information.

Properties in the city of Temecula are generally selling for 54% of what they sold for in 2006. Murrieta is at 52%, Wildomar is about 48% and Lake Elsinore is about 44%.

For example, I just sold a house here in Temecula in the Wolf Creek Community that is a 2900 ft single story. I just sold this property for 330k. This house was built in 2006 and sold for $549,500. That is a huge discount! Not everyone agrees on what is going on, not even the government nor economists. I personally see the markets in 2009 and going into 2010 as one big ‘half price’ sale.