I feel that the R/E values in the Temecula Valley will fall quite a bit also; I think a 50% drop from 2005 prices may be conservative, but that’s just my guess. However, like a couple of other people on here, I like the area and work locally.
I 100% agree that the CITY of Temecula is the best place to be. The traffic in French Valley is beyond ridiculous and there are very few amenities there. Murrieta is better than French Valley, but the Eastern side suffers from the same traffic gridlock issues. The city of Temecula is great as long as you don’t can work locally, at home, or have a travel job – once the prices get a haircut. I’ve noticed real estate ads for French Valley homes falsely stating that they’re in Temecula. Once you’ve lived around here for a while, you know that there’s a BIG difference in quality of life. Temecula seems to have pretty decent urban planning (for the Inland Empire). Most of the tracts have walking trails and parks. Winchester Road is a nightmare but that’s run by the State – nuff said. Rancho California Rd has a much better traffic flow and there are some older (by Temecula standards) neighborhoods with low tax rates there – plus good schools.
I would like it if Temecula was less car-centric and had some walking/bike bridges to cross over major roads. Overall, though, I like it here and will probably stick around.
