Murrieta Real Estate
Murrieta is a city within the Temecula Valley in the southwestern Riverside County Region. It is bordered by Wildomar to the North, Temecula to the South and Orange County to the West. The current population is over 103,000 people and the city has been consistently ranked as one of the top 10 safest cities in the Country since climbing over 100,000 people. The city is largely residential in character and is often characterized as a commuter town, with many residents commuting to Camp Pendleton and the counties of San Diego, Orange and Los Angeles.
Equating to the large draw of this residential community is commitment to the education of its youth. The Murrieta Valley Unified School District and its schools are consistently ranked as having the highest API scores. This attracts many young families to Murrieta and is evidenced by 48% of all households having children under the age of 18 in the home.
With homes known for being more affordable and newer than the nearby counties of San Diego and Orange over 70% of the residents of Murrieta are home owners. Murrieta is also home to the most expensive and luxurious community in all of Riverside County; Bear Creek, a community designed around an 18 hole Jack Nicklaus private golf course. Diverse communities and abundant opportunity await the would be home-owner in Murrieta. The most utilized financing types by buyers in the area are VA (for Veterans) FHA and Conventional.
The average Condominium sold for $235,550 in 2015.
The average Single Family Home under 2000 sq. ft. sold for an average of $307,218 in 2015.
The average Single Family Home between 2000-4000 sq. ft. sold for an average of $404,847 in 2015.
The Luxury market of Murrieta consists of homes on acreage in the western hills known as La Cresta and of course the Private Community of Bear Creek. The Average Luxury Home sold for $981,426 in 2015.