Happyrenter, it isn’t 2003 just yet, Temecula’s better areas would run you 200-250 in 1998 which was the low, by 2003 it was about 400k for a 2700 to 3500 sq ft on the golf course in a gated community in Redhawk. Here one street built in 2003. Look to the right and the original 2003 prices was 387 to 404, today, even the repo is almost 100k over 2003 and the resales are 160k to 170k over.
You can’t find golf course, gated Redhawk 3500 sq for 404k, so were not there just yet, will we get there, I say so.
The builder quality is wolf is good, the pitfall would be proximity to the casino and Pechanga parkway, that will be a six lane road, being with a few hundred feet of it will hurt you in the long run. Also it was all built post 2004 so the repo’s will be high along with morgan. Wolf is also entirely flat, not a view to be had, doesn’t bother me but it bothers some and just because Wolf is pricing out at Redhawk’s 2003 doesn’t mean we are at 2003 prices, had wolf been built in 2003 it would have been more like 300k for 3500 sq ft. This is what 315k bought you in Redhawk in 2003, 2500 sq ft no view but in a gated, nice area a few streets away from those above and a non tandem 3 car garage. The wolf garages are mostly tandem.
As far as 2001, 265k would have gotten you this and they are asking 465 on a short, If this get to 265, I’ll take three.
Wolf is nice and I may buy there but IMHO, Morgan and Redhawk will always command a premium, you will find examples of 2003 prices here and there but for the better tracts, we still have a ways to go.