Murrieta And Temecula Real Estate
Some Statistics To Chew On
 Murrieta and Temecula real estate statistics.
Murrieta and Temecula are both wonderful locations for buying a home.
Depending on your budget and preferences, it will prove useful to familiarize yourself with both markets for comparison.
Examining some basic Murrieta and Temecula real estate statistics will help to inform your decision.
A Look At Foreclosures In Temecula
 Southern Californian homeowners were hit fairly hard by the economic crisis.
The result was a sharp increase in bank repossessions in both Murrieta and Temecula markets.
Both cities have therefore experienced an explosion in foreclosure homes.
These are homes seized by the banks when previous homeowners failed to make their mortgage payments.
The banks must sell the properties quickly to make back the money they are owed, so foreclosure homes are reduced quickly in price.
Comparing The Current Real Estate Markets In Temecula
 Right now trends and statistics indicate that homes are more expensive in Temecula than in Murrieta.
The average listing price has dropped in Murrieta and the average price in Temecula is slightly higher.
The average price per square foot in Murrieta is around $114.
The average dollar per square foot is again slightly steeper at $119 in Temecula.
Temecula has slightly more foreclosures however, at 1,159, (in the 2008 to 2010 time frame).
Murrieta by comparison, currently has 1,388 foreclosures on the market.
A Look At Schools In Temecula
 It is always important to take other factors into account that improve any city’s desirability to potential residents.
If you have a family, you will want to learn all about the public or private school systems available in Murrieta and Temecula.
Murrieta has two school districts of its own, and also shares the Temecula Valley Unified School District with Temecula.
Although Temecula has fewer schools, the parent ratings are very comparable between the two cities, and rest assured they are consistently high.
A Look At Crime In Temecula
 Murrieta has lower crime rates for both property crime and violent crime.
Both cities have rates under 4% in the property crime category, and less than 1% of the population is affected by violent crime. And for this, both the Murrieta and Temecula real estate markets are fairly appealing for home buyers.
Murrieta and Temecula are neighboring cites. You are able to get between both cities from both freeway and city roads.
They share the same warm, sunny Southern California climate and both have many foreclosures up for sale.
There are a number of easy-to-find resources on the Internet for pulling quick stats up relating to these real estate markets.
Don’t forget to check out the bottom of the Temecula Real Estate Home Page for more informative links on the real estate market in Temecula. Some information that we have includes: Understanding the Foreclosure Market, Steps on Buying Foreclosures, 7 Steps in Buying a Home - A Buyers Guide and much, much more!
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