Temecula Real Estate
Temecula is a city in southwestern Riverside County bordered by Murrieta to the North, the Pechanga Indian Reservation/San Diego County Line to the South and Orange County to the West. The current population is over 106,000 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 has become a prominent tourist destination with the Temecula Valley Wine Country, Old Town Temecula, Championship Golf Courses and resort accommodations.
Even more prominent than the tourist attractions is the communities’ commitment to education. The Temecula Valley Unified School District and its schools are consistently ranked as having the highest API scores. This attracts many young families to the Temecula Valley and is evidenced by over 50% of all households having children under the age of 18 in the home. To keep the kids busy, Temecula has 39 parks, 22 miles of trails and 11 major community facilities.
Temecula is described as an affluent community supported by high median income levels, but also has a favorable real estate market for first time home buyers. Most financing types utilized by buyers in the area are VA (for Veterans) FHA and Conventional.
The average Condominium sold for $258,810 in 2015.
The average Single Family Home under 2000 sq. ft. sold for an average of $333,965 in 2015.
The average Single Family Home between 2000-4000 sq. ft. sold for an average of $474,828
The Luxury market of Temecula consists of homes on acreage in the western hills known as De Luz and of course the bountiful properties in Wine Country. The Average Luxury Home sold for $1,186,719 in 2015.