Signature Realty Network | CalBRE Lic # 01824145 | Serving Southwest Riverside County California | A few favorite quotes:
“We only have two kinds of weather in California, magnificent and unusual.” ~ James M. Cain, author & Hollywood screenwriter |
"Have nothing in your house that you do not know to be useful, or believe to be beautiful." ~ William Morris, English textile designer | "Don't do to others what you would not want done to you" ~ The Golden Rule
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Temecula Wine Country
Temecula Wine Country Housing Market Data
Median sales price for last 5 years
May 2017 median sales price is $965,000 - up 48% from previous month of $652,234
Percent of Last List Price
May 2017 saw a discount of 1.4% of sold to last list price. Year over year comparison, May 2016 saw a discount of 7.8%
Housing inventory in Temecula Wine Country is at 8.1 months for May 2017, similar to last May 2016. "Normal" inventory is at 6 months.
Average days on market
Average days on market for May 2017 is 52 -- compared to last May 2016 average days on market were 243. This is somewhat of a seller's market, but because of a decent inventory, home buying in Temecula Wine Country is not as competitive as in some other areas in southwest Riverside County.