I drove around this past weekend taking the temperature of the Temecula RE market. It’s mind boggling, but new houses seem to be selling like crazy. Even with 1.8% tax rates + Mello Roos + HOA; it’s unbelievable. Where do these people come from.

Inventory of resale houses is brisk with an average of 45 DOM, I think mainly b/c of low inventory.

My assessment: This is not a good time to buy a house in Temecula – particularly considering the unknowns of the quarry.

We need to go back to the days where you buy a house contingent on the sale of your current house IMO.

A realtor at an open house claimed the average cost/sq ft in Temecula is right around $125. Seems high to me.