Temecula has a perfect climate for beautiful hot-air ballooning adventures, is well known for its championship golf courses, and finally its award-winning wineries around 3,000 acres of amazing wine country, but that's just the beginning. Also, located in the heart of Temecula is the Old Town district which blends historic buildings with over 640 antique dealers, unique shopping, and restaurants. In Old Town Temecula, you can find many special events including car shows, semi-annual Rod Runs, Western Days, and summer weekend entertainment. Furthermore, every Saturday Temecula has their popular Farmer's Market which offers tons of fresh produce, flowers, and crafts. Temecula Valley International Jazz Festival is in the Southern California Wine Country, and is a combination of "free" and "ticketed" events, which are held at various locations throughout the city. Though Temecula has wine country and golf courses it’s not a small town. Temecula has grown very quickly and has a lot to offer, including a vast variety of shopping.
The name Temecula comes from the Luiseño Indian word "Temecunga" - "temet" meaning "sun" and "-ngna" which means "place of". The meaning of "Temecula" has been translated into several different versions over the years. The most popular being, "Where the sun breaks through the mist". When ranchos were being passed into private ownership it brought the romantic era of rancheros and vaqueros into full bloom. Of course this era was short lived, but nowhere in California did its aura last longer than in the Temecula Valley.
This is a discussion on the sales prices for homes sold recently as compared to last year. In the past 90 days, there have been 519 homes that have sold and closed escrow in Temecula, CA. These homes range in prices from a low of $129,900 for a 3 bedroom, 2 bath, and 1528 square foot home on 31012 Camino Del Este. With a high price of $1,900,000 for a 7 bedroom, 8 baths, and 6800 square foot home on 39670 Parado Del Sol in Temecula. The average sold price is $338,692, the average price per square foot is $138 and the average days on market are 67 days.
During this same 90 day period last year, there were 254 homes that sold and closed escrow in Temecula, California. These homes ranged in price from $290,000 for a 3 bedroom, 2 bath, and 1,197 square foot home on 42040 Kaffirboom Court. Up to the high price of $2,575,000 for a 7 bedroom, 7 baths, 7,355 square foot home on 30623 Jedediah Smith Road. The average price of these sold homes one year ago was $517,361 and the average price per square foot was $219. Also, the average days on the market were 76 days. Comparing these figures to the current market are the following; the average price has decreased by 35% and the average price per square foot decreased by 51%.
This is a drop in prices do to the correction in the market, high inventory and increase in foreclosures, which is a good deal for buyers. The sales increased in active sales 204%. Even though the market decreased in prices, we are experiencing an unusual influx of investors and first time buyers. Do to the low interest rates and low prices there has been a lot of activity including multiple offers on properties, especially bank owned.
40625 Calle Fiesta Temecula, California 92591 Price: $575,900
6 Bedrooms, 3 Bathrooms
1 Partial Baths
3413 Square Ft
BankOwned !! This home is in a great location! Excellent value for this custom Cape Cod on over half an acre in prestigious area of Meadowview! Total of 12 rooms - Ideal for large family that can use extra space. Located at the end of cul-de-sac close to riding trails this home has a lot of potential. Gorgeous views from wrap-around deck, space for RV parking, additional rooms can be used as Play room, Study, Craft room, Library or Extra bedrooms. Low tax and HOA area with access to community Club House w/ Swimming Pool, Spa, Tennis and Basketball Courts and Equestrian trails.
If you would like to view all homes, condos or bank owned foreclosures (REO) listed for sale, please visit our website at: County Properties Real Estate
