Temecula, CA Homes for Sale and Sold Report for June 2014 - The Andrew Smith TeamThe Andrew Smith Team

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Temecula Homes for Sale and Sold Report for June 2014

Homes for Sale in Temecula, CA continue to increase as inventory recovers from the record lows we saw last year. Buyer activity remains strong fueled by continued low interest rates as well as more choice in both the resale and new construction homes. The City of Temecula recently annouced that the number of new building permits issued in 2013 was the highest level since 2006, further evidence of the housing recovery that we have been speaking of for the past several months. Distressed sales also continue to decline respresenting just 11% of May home sales compared to 25% of home sales in May 2013.

The Numbers Month to Month and Year to Year

The average sales price for Temecula, CA Homes for Sale was $427,000in May 2014, up 10% from April 2014 and 9.4% from May 2013.

The number of Temecula, CA Homes for Sale that sold in May 2014 was 190, which is up 11% month over month, but down 17% from May 2013. As mentioned above, the increase in the number of new homes for sale was a major factor in the year over year decline in resales.

There were 660Temecula, CA Homes for Salein May 2014, an increase of 8% from April 2014, but up 31% from May 2013.

A few highlights of the current Temecula, CA Homes for Sale are shown below and represent a nice cross section of properties available, in contract and that have sold.

This Months Most Expensive Sale

The most expensive of all Temecula, CA Homes for salethat closed in May was $2,000,000 for a 5 bedroom, 5.5 bath home that featured 5,487 sqft on 5 acres with a pool and spa. (Click Here to View)

This Months Least Expensive Sale

In contrast to the home above, the least expensive of all Temecula, CA …

Click to see the full report

Below are highlight properties for Temecula Homes for Sale and Sold Report for June 2014. See more at the full report:


	Status: Active 31941 Red Pine Way, Temecula, CA $320000 3 BEDROOMS 3 BATHROOMS [ 2 FULL, 1 HALF ] LISTING MLS ID: SW14075348 Listing Courtesy of: Andrew Smith
	Status: Active 25105 Carancho Road, Temecula CA $1095000 4 BEDROOMS 4 BATHROOMS [ 4 FULL ] LISTING MLS ID: PW14110792 Listing Courtesy of: Prudential California Realty-Cosner
	Status: Pending 45442 Saint Tisbury, Temecula, CA $559000 4 BEDROOMS 3 BATHROOMS [ 3 FULL ] LISTING MLS ID: SW14081482 Listing Courtesy of: Andrew Smith
	Status: Just Sold 28961 Savannah Dr., Temecula, CA $429,000 4 BEDROOMS 3 BATHROOMS [ 2 FULL, 1 HALF ]
	Status: Make an Offer 46330 Sawtooth Lane, Temecula, CA $450,000 4 BEDROOMS 3 BATHROOMS [ 3 FULL ]
	Status: For Sale by Owner 32215 Via Berjarano, Temecula, CA $585,000 5 BEDROOMS 4 BATHROOMS [ 4 FULL ]