Temecula Real Estate vs. Murrieta Real Estate

There's always a comparison between Temecula and Murrieta...Who's better? Who's nicer? Who has the best prices? And so on. So I did a little comparison of my own.

TEMECULA

In Temecula this morning there were 1,372 active listings. So far for the month of October 46 listings have sold.

• 26 Sales for Owner/Sellers


• 12 Bank Owned


• 2 Shortsales


• 6 new homes listed in MLS

The average sale in Temecula had an asking price of $559,671 and had a sold price of $528,123 This average sale was for a home with 4 bedrooms 3 baths 2400 Sq Ft built in 1996.

The foreclosures in Temecula that sold had an asking price of $344,077 with a sold price of $337,062. for a home that had 4 bedrooms 2.75 baths with 2027 Sq Ft built in 1994

If you notice the numbers, that's almost $200,000 difference with only a minimum of Sq Ft difference. I'm surprised any owners are selling their homes with a price difference like that.

MURRIETA

In Murrieta this morning there were 1,879 active listings and so far for October there have been 50 sales.

• 24 Owner/Seller


• 20 Bank Owned


• 3 Shortsales


• 3 New Homes in MLS

The ratios in Murrieta are a little different with more foreclosures sold. The average sale in Murrieta has an asking price of $419,112 with a selling price of $408,098 for a home with 4 Bedrooms 2.75 Baths has 2499 Sq Ft built in 1996.

The average foreclosure sale was $371,675 and sold for $374,455 for a home with 4 bedrooms 2.75 baths with 2301 sq ft built in 1999.

Looks like overall Murrieta is lower in price and the sellers seem to have a better handle on pricing .

Murrieta has many more homes for sale than Temecula, though only 4 more homes sold in the same time period with more foreclosures sold in Murrieta than Temecula, with Temecula getting higher prices.

Temecula is a nice town but so is Murrieta. They are very comparable in many areas, so why is Temecula selling their homes for more? Maybe November will tell a different story.