Canyon Lake Real Estate
Canyon Lake is a city AND 24- hour guard gated community on the Canyon Lake Reservoir in Western Riverside County. Canyon Lake is one of only five gated cities in California, with a population of just over 10,000. All of the homeowners have rights and access to the lake for recreational uses including: Ski Boats, Fishing Boats, Kayak’s, Paddle Boards, Wake boarding and Skiing
This highly sought after destination has become a popular place to call home with over 80% of home-owners saying that their home in Canyon Lake was their permanent residence. With fewer than 5,000 homes built buyers jostle for the best lot on the lake while others prefer to build their dream home on one of the few vacant lots still available.
Canyon Lake is described as an affluent community supported by high median income levels and is ideal for those looking to live and play on the water!
Most financing types utilized by buyers in the area are Conventional.
The average Condominium sold for $258,700 in 2015.
The average Single Family Home under 2000 sq. ft. sold for an average of $314,536 in 2015.
The average Single Family Home between 2000-4000 sq. ft. sold for an average of $469,063 in 2015
The Luxury market of Canyon Lake consists of mostly waterfront homes. The Average Luxury Home sold for $810,141 in 2015.