TG, I’ve been keeping a fairly close eye on Murrieta/Temecula, and it looks like Murrieta is dropping much faster. Maybe because it is closer to the rest of the French Valley(?).
Anyhoo, it looked like Temecula was holding it’s value more than Murrieta. I thought they might trend downward at the same rate. But it doesn’t look like it when you can get a house for $77-90/sq.ft in Murrieta these days.
Any idea why Murrieta is tanking much faster than Temecula? K-12 education maybe? Less foreclosures? And do you think Murrieta will continue to drop faster as Temecula drops?
