The Future of Temecula Real Estate
As I sit here writing this blog post, we are in the middle of the best-selling market I have ever personally been a part of. Temecula homes are selling for 30, 40, even 60,000 to 70,000 over the list price. Buyers are dropping their appraisal contingencies, dropping all requests for repairs, and paying for their own termite and home warranties. It’s almost surreal. The real estate market in Southern California, along with the rest of the United States, has gone up so much over the past six months that it’s a little scary.
Yes, this blog post is about the future of Temecula real estate, but I wanted to put that opening paragraph out there so people understand what is going on in 2021 in the Temecula market. There are definitely going to be hills and valleys in regard to home prices, but real estate in Temecula, in our opinion, will do well long term. Over the next 20 years, we have no doubt that Temecula will be one of the top cities to both live in and invest in the long term.
In this blog post, I wanted to go into specific reasons why I think the future of Temecula real estate is so bright and why investing in this community will not be a bad thing long-term.
Temecula gets sunshine 330 days a year. The average temperature is probably going to range from 70 to 85 degrees, and when it does get hot in the summer, it’s only for a few hours a day.
I grew up in Canada and constantly drove to work when it was -20 with no sunshine for months. (That’s what I remember anyway.) I hear stories of people from Washington, Seattle, and all the northern states talking about how cold it is or how much it rains. I have sold many homes to people coming from all over America, but which one is the one they always talk about when I visit? How much they love the sunshine and weather! Temecula home prices will always be higher than the rest of the country due to the weather.So if you’re reading this, contact us and start your home search in a warm, sunny part of the country.
Over the past year, a lot of people have moved to the Temecula area from bigger cities for the simple fact that it’s safer. Los Angeles, San Diego, and Orange County are three areas that we have seen plenty of people relocate from. We get many calls from these areas through our YouTube channel, and we have personally helped many people get into homes over the past year. One of the main reasons they give me in regard to moving is safety. They felt that big cities had failed them in this regard.
One of our favorite places to go for a weekend getaway in San Diego. We have noticed a massive change over the past 3 years in homelessness and drugs, and we definitely don’t feel as safe at night walking the streets as we did even a short while ago. We also lived for 5 years in San Clemente, which is a beach community in south Orange County. Before we decided to leave, homelessness, drugs, and petty theft were rampant. We actually had a tent city in North Beach, which was unsettling for many residents. Why spend millions of dollars at the beach for a home when you can’t even walk at night alone?
In Temecula, we have never felt threatened, nor are we nervous about walking at night or alone at any time. I’m sure there is a homeless population and drugs to some degree, but it’s definitely not in your face.
How does this relate to the future of Temecula real estate? Well, generally speaking, people who move from larger cities are getting more for their homes. If you sell your home in LA for a million dollars and can buy a home in Temecula for six or seven hundred thousand, it’s not as gut-wrenching when you have to pay above the appraised value or release your appraisal contingency. This one factor will continue the upward trend in home prices in Temecula.
Personally, I don’t have any kids in the Temecula School District, but both Temecula and its neighboring city, Murrieta, have a great school system. They are going to be in the top 20% in all of California when it comes to testing scores and overall ratings.
Speaking from experience, one of the first questions I always get from people coming either from another state or other parts of California is, “How are the schools?” I also get the question of “how close the schools are in each of these communities.” The answer to both of these questions is very simple: schools are great, and every community has at least an elementary and middle school within walking distance or a short 1-3 minute drive. It’s very convenient for working families to get their kids to school and not worry whether or not they’re getting a good education. This, of course, benefits the future Temecula real estate market because people want to live in a community where their children will receive a good education.
You wouldn’t think that people would come to California to retire simply because of the cost of living. There are still retirees with money, and with the Temecula weather, golf courses, hospitals (I hear they are very good), restaurants, and a calm vibe, Temecula is a great spot for retired people.
Of course, retired people tend to have a little more money than most. They’ve spent a lifetime saving and, generally speaking, are able to pay a little more for a home.
Personally, I feel the wineries are just getting started in regard to their future potential. Over the next 20 years, it’s going to be a huge draw and probably one of those places where people come to vacation.
Land in wine country is becoming more scarce, and the wineries are spending millions of dollars improving their facilities for the general public.
If you ever have questions about visiting or buying a home in wine country, this is one of our favorite areas. We spend a great deal of time on the weekends here and couldn’t say enough great things about it. We have spent a lot of time at many of the wineries and can answer any questions you might have. Our YouTube channel has a lot of videos about individual wineries; I’ll list a few examples below. There are over 40 wineries in Temecula as of right now, and the area is growing rapidly.
Of course, this is a great thing for the future of real estate in Temecula. Look at Napa! The more wine country grows, the more people want to vacation and visit Temecula, and the higher the home prices are going to be. Wine Country alone is going to grow Temecula and its home prices.
Here are a few blog posts and videos on wineries we like:
Amenities While Retaining That Country Feel
One of the best things about Temecula is having everything at your fingertips while still feeling rural. Of course, there will be people who have lived here for 30 years who disagree and think Temecula has grown out of control, but in our opinion, it is a perfect size. I talked about this a lot in videos and blog posts, but we love the vibe in Temecula. I don’t get the sense of stress that I have had in other areas of Southern California. The communities are quiet; there’s a great mix of developed communities as well as horse property or agricultural property. You can pick what type of property or life you want to lead and live it.
This is, of course, great for real estate in Temecula. People want to live in a place where they can do things but also have some peace and quiet.
Thank you for reading our blog. If you have any interest in moving to Temecula or the surrounding area, please read the Google reviews here for Greenleaf Real Estate & Appraisal.
We are licensed as both real estate brokers and certified residential appraisers. We love what we do and will bring a great deal of passion, experience, and expertise to the table for you.