Temecula area Phenomenon

[temeculaguy]

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.

http://www.redfin.com/stingray/do/printable-listing?listing-id=852863

http://www.redfin.com/stingray/do/printable-listing?listing-id=1057955

http://www.redfin.com/stingray/do/printable-listing?listing-id=366161

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.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1133056

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.

http://www.redfin.com/stingray/do/printable-listing?listing-id=818971

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.

[temeculaguy]

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.

http://www.redfin.com/stingray/do/printable-listing?listing-id=852863

http://www.redfin.com/stingray/do/printable-listing?listing-id=1057955

http://www.redfin.com/stingray/do/printable-listing?listing-id=366161

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.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1133056

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.

http://www.redfin.com/stingray/do/printable-listing?listing-id=818971

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.

[happyrenter]

thanks tg. thats great info!

[happyrenter]

thanks tg. thats great info!

[temeculaguy]

Bear, i posted before I saw your comment, good move on getting out when you did, and you are right about the O.C. commuter being unrealistic but the majority of the South Temecula residents commute to S.D. with North S.D. being more likely. As an almost two decade veteran of that drive, it’s usually less than an hour to most of the North County, still under 45 minutes to Esco, Vista, San Marcos and depending on location can be closer to 30 minutes. For anyone reading this, heed Bearvine’s advice, this may look like parts of O.C. but it is not a viable bedroom community of it, it shouldn’t attempted by downtown S.D. workers either. I am with you on the commute not being worth it since I don’t go very far but I have no fear of the high school’s location, in fact that school had the highest state test scores in all of Riverside and S.B. county, it’s really not a pedestrian gambling place like the Strip in Vegas so the proximity to Morgan and the route of your kids going to school does not cross the casino traffic, that wouldn’t have been a concern of mine, but I’ve been here a while and have seen many kids grow up around the area with none of them being adversly affected by the casino, the majority of the clients are asians from the O.C. and pretty well behaved overall. I’d be more worried about a biker bar to be honest. Plus you could easily hae sent them to TVHS from morgan it’s about the same distance and they allow the tranfer. I think that vizio is in my stars, I’m already paying for the hd box because I wanted the dvr, so what the hell, if that thing breaks I’m coming after all of you because my sdtv tubes work forever.

[temeculaguy]

Bear, i posted before I saw your comment, good move on getting out when you did, and you are right about the O.C. commuter being unrealistic but the majority of the South Temecula residents commute to S.D. with North S.D. being more likely. As an almost two decade veteran of that drive, it’s usually less than an hour to most of the North County, still under 45 minutes to Esco, Vista, San Marcos and depending on location can be closer to 30 minutes. For anyone reading this, heed Bearvine’s advice, this may look like parts of O.C. but it is not a viable bedroom community of it, it shouldn’t attempted by downtown S.D. workers either. I am with you on the commute not being worth it since I don’t go very far but I have no fear of the high school’s location, in fact that school had the highest state test scores in all of Riverside and S.B. county, it’s really not a pedestrian gambling place like the Strip in Vegas so the proximity to Morgan and the route of your kids going to school does not cross the casino traffic, that wouldn’t have been a concern of mine, but I’ve been here a while and have seen many kids grow up around the area with none of them being adversly affected by the casino, the majority of the clients are asians from the O.C. and pretty well behaved overall. I’d be more worried about a biker bar to be honest. Plus you could easily hae sent them to TVHS from morgan it’s about the same distance and they allow the tranfer. I think that vizio is in my stars, I’m already paying for the hd box because I wanted the dvr, so what the hell, if that thing breaks I’m coming after all of you because my sdtv tubes work forever.

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