Recap on Temeclua, Murrieta, French Valley, etc.?

[luchabee]

Hi everyone: It has been a long while since this was discussed.

I was wondering if anyone had any updated comments/observations about Temecula and nearby communities?

For example, have you been to Temecula recently? How is the local economy, traffic, housing conditions, etc.?

Thanks!

[luchabee]

Hi everyone: It has been a long while since this was discussed.

I was wondering if anyone had any updated comments/observations about Temecula and nearby communities?

For example, have you been to Temecula recently? How is the local economy, traffic, housing conditions, etc.?

Thanks!

[luchabee]

Hi everyone: It has been a long while since this was discussed.

I was wondering if anyone had any updated comments/observations about Temecula and nearby communities?

For example, have you been to Temecula recently? How is the local economy, traffic, housing conditions, etc.?

Thanks!

[FormerOwner]

I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.

[FormerOwner]

I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.

[FormerOwner]

I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.

[FormerOwner]

I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.

[FormerOwner]

I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.

[ocrenter]

“Submitted by paramount on December 2, 2007 – 6:23pm.

It could go to $95 in Morgan Hill, I would not be surprised to see sub 400k in Morgan Hill in the near future.”

44918 BOUCHAINE STREET, Temecula, CA 92592
–Sq. Ft.: 3,650
–List Price: $339,900
–$/Sq.Ft.: $93

34048 AMICI STREET, Temecula, CA 92592
–Sq. Ft.: 3,650
–List Price: $345,500
–$/Sq.Ft.: $95

34075 HARTWELL COURT, Temecula, CA 92592
–Sq. Ft.: 4,046
–List Price: $374,900
–$/Sq.Ft.: $93

looks like paramount was right on the money.

[ocrenter]

“Submitted by paramount on December 2, 2007 – 6:23pm.

It could go to $95 in Morgan Hill, I would not be surprised to see sub 400k in Morgan Hill in the near future.”

44918 BOUCHAINE STREET, Temecula, CA 92592
–Sq. Ft.: 3,650
–List Price: $339,900
–$/Sq.Ft.: $93

34048 AMICI STREET, Temecula, CA 92592
–Sq. Ft.: 3,650
–List Price: $345,500
–$/Sq.Ft.: $95

34075 HARTWELL COURT, Temecula, CA 92592
–Sq. Ft.: 4,046
–List Price: $374,900
–$/Sq.Ft.: $93

looks like paramount was right on the money.

[ocrenter]

“Submitted by paramount on December 2, 2007 – 6:23pm.

It could go to $95 in Morgan Hill, I would not be surprised to see sub 400k in Morgan Hill in the near future.”

44918 BOUCHAINE STREET, Temecula, CA 92592
–Sq. Ft.: 3,650
–List Price: $339,900
–$/Sq.Ft.: $93

34048 AMICI STREET, Temecula, CA 92592
–Sq. Ft.: 3,650
–List Price: $345,500
–$/Sq.Ft.: $95

34075 HARTWELL COURT, Temecula, CA 92592
–Sq. Ft.: 4,046
–List Price: $374,900
–$/Sq.Ft.: $93

looks like paramount was right on the money.

[ocrenter]

“Submitted by paramount on December 2, 2007 – 6:23pm.

It could go to $95 in Morgan Hill, I would not be surprised to see sub 400k in Morgan Hill in the near future.”

44918 BOUCHAINE STREET, Temecula, CA 92592
–Sq. Ft.: 3,650
–List Price: $339,900
–$/Sq.Ft.: $93

34048 AMICI STREET, Temecula, CA 92592
–Sq. Ft.: 3,650
–List Price: $345,500
–$/Sq.Ft.: $95

34075 HARTWELL COURT, Temecula, CA 92592
–Sq. Ft.: 4,046
–List Price: $374,900
–$/Sq.Ft.: $93

looks like paramount was right on the money.

[ocrenter]

“Submitted by paramount on December 2, 2007 – 6:23pm.

It could go to $95 in Morgan Hill, I would not be surprised to see sub 400k in Morgan Hill in the near future.”

44918 BOUCHAINE STREET, Temecula, CA 92592
–Sq. Ft.: 3,650
–List Price: $339,900
–$/Sq.Ft.: $93

34048 AMICI STREET, Temecula, CA 92592
–Sq. Ft.: 3,650
–List Price: $345,500
–$/Sq.Ft.: $95

34075 HARTWELL COURT, Temecula, CA 92592
–Sq. Ft.: 4,046
–List Price: $374,900
–$/Sq.Ft.: $93

looks like paramount was right on the money.

[temeculaguy]

luchabee, thanks for bring back this one for two reasons. Firstly, one of my favorite all time posts that I’m most proud of is on page two. I remembered it vaugely, but after re-reading my community analysis based on breast implant ratios, I think that may be the theme of my next book.

Secondly, paramount’s prediction may have seemed far fetched at the time, in fact I remember bear made some as well, I thought they both were crazy. The market has overshot their predictions about 30% thus far, exactly a year later.

[temeculaguy]

luchabee, thanks for bring back this one for two reasons. Firstly, one of my favorite all time posts that I’m most proud of is on page two. I remembered it vaugely, but after re-reading my community analysis based on breast implant ratios, I think that may be the theme of my next book.

Secondly, paramount’s prediction may have seemed far fetched at the time, in fact I remember bear made some as well, I thought they both were crazy. The market has overshot their predictions about 30% thus far, exactly a year later.

[Author]

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