Temecula, Murrieta, French Valley, Winchester Real Estate

This is a September 2011 market report for the French Valley area of Winchester California.

The past 5 months have been slower in volume than last year by almost 10%.  Previous months sales were 84 compared with 92 during the same time period in 2010. There seems to be some significant amount of inventory not being released by banks with REO properties.

As for Average Price and Days on Market: The average price in French Valley has remained pretty flat over the last 24 months with the actual figure for last month coming in at $241,000. The Days on Market continues to dance around quite a bit. I believe it’s just a matter of how many short sales actually closed in a given month that causes it to swing up so dramatically.

Finally, here is a look at the different types of sales in French Valley over the last 30 days.

For more information on the different types of sales in our local market see our article:
What you should know about REO vs Standard vs Short Sale

For more about French Valley Click Here for French Valley Articles on our site

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 Article originally posted on the AimREG.com blog

I bought my French Valley home (in the city of Winchester, CA) in April of 2005 with no thought of the area's history or personality. It was a good buy (relatively speaking) and was still close to Temecula and Murrieta where I also list and sell homes. I've recently been digging around trying to figure out why it was called French Valley and where all the street names came from. I'm sure all my neighbors are equally blind to the history of this area since nearly all of them moved here in the last 10 years after finding it was a little less expensive than Temecula and Murrieta but still very close to everything.

One of the best sources of information I found was a great article written by John Hunneman for the North County Times. You can see the article by clicking here. (I'm still trying to get in touch with Annie Borel to see if I can get a copy of the Calendar she put together! I'll be sure to let you know what I find out from her.)

After living here myself for nearly 5 years and helping clients buy and sell houses here - it's great to finally know where the Auld, Borel, Pourroy (among others) and French Valley names come from. I'm hoping to feel more connected to what has been for me a great place to work and raise a family.