Temecula, CA Real Estate News

By Susan Manning
(Realty Executives)
I am getting an incredible number of Nigerian chain letters and the like all asking for money!!  Have any of you experienced this as well?  I guess it is a good thing to know that I am being googled more often, but it irritates me that these scammers are out there using my information to fill up my spam box.  What's worse is when my spam box misses it and it shows up as a regular email!  I noticed today that there was another scam people are doing by recreating CraigsList.com ads so they can scam the deposit or refund checks or who knows?!!  I don't understand how these people think up these scams so I guess it is a good thing that we all have each other to keep people like me informed on these things!!  Unbelieveable.  I wish there was an easy button so you could report these shiesters...
Comments 20
My idea of a perfect afternoon is a visit to the Temecula Valley Wine Country. Yesterday afternoon, Laura and I headed south on Margarita Road and took a left on Rancho California. Our first stop wasn't at a winery, it was at the fabulous Baron's Market. Baron's is located at the gateway to the wine country. It's really a beautiful place with fresh breads, homemade soups, an amazing olive bar, beautiful produce and a fantastic selection of wine and beer. The first winery we visited was Maurice Car'rie. I told Laura how delicious their Pineapple Champagne was, but she didn't believe me until she tasted it for herself. Yummmmm! O From there we visited La Cereza, enjoyed their Pinot Grigio and Raspberry Champagne and had a nice visit with Tracey behind the wine bar. La Cereza gives back t...
Comments 54
  Let me start by saying I love the concept of this contest. I'm passionate about where I live and I love to share my favorite things. 1) The Temecula Valley Balloon & Wine Festival - This month was the festival's 25th anniversary. Each year the crowds get bigger and it's no small wonder why. Picture dozens of hot air balloons launching into the dawn sky near picturesque Lake Skinner. Imagine strolling the vast grounds, sampling delicious foods offered by a variety of vendors. Take time to explore the craftsmanship of our talented artisans. Sample our local wines. Take in the balloon glow at dusk. Listen to great live music, like this year's headliner Kenny Loggins. I'm already looking forward to next year!     2) The Santa Rosa Plateau - Oh my. This place is simply magical. Only a fif...
Comments 37
Ah!  The joy of the short sale!  Particularly when representing a buyer!!  I was very happy that the listing agent was a very nice lady who impressed me the first time I called.  It was a Monday evening around 650pm and she picked up the phone!!  Was it possible to see her listing at the late, and unintended hour?  I was able to work around my son's basketball camp and stay out longer than I had anticipated.  It was a sign of good things to come.  The house was immaculate, had great features, backed up to a park and had two Jack Russels, the same as my client!  I urged her to make an offer the next day.  The price was obviously too high and the out of area agent was not aware of this until I discussed this with her.  Someone could get a great deal here, why not let it be us???  Of cours...
Comments 2
By Gene Wunderlich, Realtor & Legislative Liaison
(1st Action Real Estate)
6-18 05 comps Temecula, Murrieta & Lake Elsinore Home Buyers LOOK AT THOSE NUMBERS! I’m not trying to tell you the slump is over – we're going to keep piling on bank repo's for another 12 to 18 months. But the numbers speak for themselves and this is the 2nd month in a row where the number of homes sold has exceeded last year. Murrieta's sales volume was over 4 times what it was in May 2007 and Temecula nearly doubled. Lake Elsinore had a little dip last month but overall the numbers are very positive and close to 2006 levels.  Prices are still dropping, and that's not good for private Sellers. Our sales prices right now are being driven by institutional Sellers (banks) and they have deep pockets and great incentive (to keep from going broke themselves). Prices will continue to drop  u...
Comments 1
By Susan Manning
(Realty Executives)
Is it any wonder that many of these great bank owned properties have multiple offers on a Monday morning?  A majority of the buyers who are out there are weekend shoppers.  They are looking at homes when it is convenient for them.  It makes sense in a practical way for many people, but have you ever wondered how much money it may cost you in your purchase?  Being successful in any arena means thinking outside the box and not being like everyone else.  Weekends are "retail" real estate hours.  Everyone and their mother are out shopping for the best deal available.  They want the best upgrades, the best price, the nicest lot, the lowest HOA and taxes, and on and on.  Who can blame them?  It is a buyer's market.  What they may be overlooking is the fact that a good deal may be an even bett...
Comments 8
By Tom Plant
(WINEormous.com)
Photo by Frank Bellino - The Press-Enterprise There are so many things about the Temecula Valley that I just love. While looking at property yesterday I drove through the wine country and stopped at Falkner Winery. I love to go the the Old Town Farmers' market on Saturdays. The list goes on and on. This morning's Press-Enterprise had an article about free horse-drawn trolley rides Saturdays from the Stampede to the Farmers' Market. The carriage seats 20 and runs from 8 am to 2 pm. The service will continue through June and longer if warranted. Sounds like fun to me! Murrieta Real Estate Expert – Tom Plant, REALTOR® - Coldwell Banker Residential Brokerage – Active Rain Ambassador (951) 907-9701 It would be my honor to show you the incredible Temecula Valley, a place I’m very proud to ca...
Comments 14
By Tom Plant
(WINEormous.com)
While serving on the board of the Southwest Riverside County Association of REALTORS, I had the good fortune to meet many community leaders. One of those I have enjoyed spending time with is Maryann Edwards, Temecula City Council member and mayor pro tem. I have been asking Maryann to write a guest article for my blog, and she has delivered: “Government should be run like a business, or like we run our household budget!” How many times have you had that same thought? Me too, and that’s exactly the way the city council and staff prepare the budget for the city of Temecula each year. Here are the basic rules that are the key to this city’s success: 1) Don’t spend more than you take in; 2) Safety first; 3) Put money away for a rainy day 4) Your “special projects wish list” should have a s...
Comments 6
By Susan Manning
(Realty Executives)
http://www.geocities.com/forsterhomeinspection/dvc.html I just received an email from Forster Home Inspection today regarding their dryer vent cleaning service and thought this was a great service I should pass on.  Recently we had our dryer vent cleaned and I can't tell you the huge difference it makes when we are drying our clothes!  The clothes are dry in the same time or less that it takes to wash them.  This makes washing clothes go by SO much faster, saves money and energy, and may prevent a fire.  Not a bad tip for anyone to consider especially if your home is older and you're not sure if this service has been provided.  Just a good tip I thought I'd share! 
Comments 2
By Sunil Sethi, Fremont, Union City Realtor - Homes for Sale in Fr
(SUNIL SETHI REAL ESTATE)
I'm decided it's time to start buying investment property in Temecula. The prices have reached where I'm comfortable buying. With 25% down I'm able to get a 6-8% return on investment. I've got a turn-key system to get first time buyers into their 1st investment property. Check out my investment spreadsheet at  The new API scores are now available. http://sunilsethi.com/Calculators.htm
Comments 0
By JERRY PETTEWAY
(WJB..W.J.BRADLEY MORTGAGE CAPITAL CORP.)
MAY HOLIDAYSMemorial DayFollowing the end of the Civil War, many communities set aside a day to mark the end of the war or as a memorial to those who had died. Some of the early cities creating a memorial day include Charleston, South Carolina; Boalsburg, Pennsylvania; Richmond, Virginia; Carbondale, Illinois; and some two dozen other cities and towns. These observances eventually coalesced around Decoration Day honoring the Union dead and the several Confederate Memorial Days.In 1865, following the suggestion of Professor David Blight of the Yale University History Department, the first memorial day was observed by liberated slaves at the historic race track in Charleston. The site was a former Confederate prison camp as well as a mass grave for Union soldiers who had died while captiv...
Comments 1
By Susan Manning
(Realty Executives)
I just finished making a plan of action for the month of June for a new client.  It really is very exciting!  I have it posted at my desk.  I've got all the details for the month set up and I must say I am pretty proud of being able to find 22 action days out of the 28 I have room for on the calendar.  I think it will help me stay accountable and on point.  This particular marketing plan was a little more challenging than my typical plan of action as it is a luxury home close to $2M.  Usually the neighbors of a listing are a little more accessible than in an estate home area.  So with a little creative juice flowing I was able to come up with some pretty good ideas including: A consultation with our professional stager who will come the month before to help get the property in tip top s...
Comments 6
By Janice Sutton, Home Stager - Temecula Murrieta
(1st Stage Property Transformations )
I have always been a Wine Lover and like to think of myself as an Amateur Wine Connoisseur (aren't we all?).  Not a bad thing when you live in California.  Always great wineries to visit...relax in and enjoy a wine tasting, glass or bottle! :) I am lucky enough to live in Murrieta which is about 15 minutes away from Temecula Wine Country which I have nicknamed "a little slice of heaven."  I shared my weekend favorite My Weekend Best Kept Secret  and now I am ready to share with you my favorite thing to do on Monday! On Monday's (My day off...kind of!) my  best friend Laura and I venture out to a winery and  (this is the fun part!) pretend we are in another city, state or country! :)  Sometimes its Napa, sometimes France and sometimes its Tuscany!  Depending on our mood!  We mingle among...
Comments 12
By Gene Wunderlich, Realtor & Legislative Liaison
(1st Action Real Estate)
win country homes 5-5-08 As of May 1, 2008, there are approximately 83 homes listed for sale in, and adjacent to, the Temecula Valley Wine Country. All homes are a minimum of 2 acres with prices ranging from $359,900 to $2,699,000. While that represents a remarkable price spread, please keep in mind that the Wine Country still includes some areas that allow manufactured homes. Some of these homes offer the opportunity to purchase acreage, including productive vineyards, for the same price as a tract home. Address                Price     BR/BA Age     SqF  Lot Sz   Date Listed 35509 Schuber LN,      $ 359,900     3/2 1986      1,152, 86,248      5/1/08 2 acre view lot of Temecula's Wine Country. Relax and enjoy the views of the grape orchards and the outstanding mountain views. This ho...
Comments 5
By Gene Wunderlich, Realtor & Legislative Liaison
(1st Action Real Estate)
100,000 population The Southwest California cities of Temecula and Murrieta were recognized for reaching a significant milestone in their shared histories this past week when the California Department of Finance acknowledged that both had exceeded 100,000 population for the first time in their long and colorful histories. For those of you who don't know,  Temecula and Murrieta are cities in Southern California about 30 miles inland from the ocean just across the coastal ridge and north of the San Diego County line. The cities sit right next door to each other, sharing a long city limit. In reality the area probably should have become a single city but neither area wanted to give up their historic boundary or claim to empire. Our history extends back for hundreds of years with Native Am...
Comments 2
By Susan Manning
(Realty Executives)
I got the call from the really sweet buyer's agent asking me for an update on the transaction even though we had just talked the week before. I didn't have an update as it was only about two business days since we had talked. I was instructed to call Countrywide on Tuesday morning since apparently they have hired a bunch more people for their loss mitigation dept. I asked her straight up what was going on and she told me her buyers had signed the Cancellation of Offer.  Dangit.  Cash buyers holding on for two months.  The wife was going into labor that day.  I guess they were worreid that the banks would counter on the price and didn't want to wait longer to find out.  My guess is that the banks would have sprung for it. I made a CMA with model match comps proving our purchase price to ...
Comments 9
By Scott Barr, Realtor
(Pacific Sotheby's international Realty)
Temecula is experiencing a high volume of sales due to "Bank owned" property's. Homes that sold for 600k plus are now selling in the 300k range. As a buyers agent, this is very exciting for me and my clients. Although, I must add this caveat; we are seeing multiple offers on almost every transaction. In fact, one property that was priced way below market value, had 25 offers on it including 3 cash offers. Bless the listing agents heart, she said she was going to summit all offers. (Maybe thats why she is so successful.) Anyway, this is the time to buy in Temecula Ca. If you don't believe it, call me at 909-261-2497 and I'll show you what I'm talking about.  
Comments 0
By Gene Wunderlich, Realtor & Legislative Liaison
(1st Action Real Estate)
March Housing Numbers Here's the March update of housing figures for Southwest California, including Temecula, Murrieta and Lake Elsinore. (Whoop-de-Freakin' Doo) (Please remember that month to month numbers can be relatively meaningless. A single month snapshot may include anomalies, drops or surges that are not necessarily indicative of a trend & may or may not be reason to become irratioanlly exuberant or despondent. Sales data source: Chicago Title.)      While it appears that our market is still headed South, the numbers don't really tell the whole story. Our office, among others, has seen a noticeable increase in Buyer activity during the past 30 - 60 days. Personally, I am having the best quarter I've had since mid-2006 (though that's not saying much). The increased availability...
Comments 2
By Susan Manning
(Realty Executives)
Wow, we have really seen a turn around in our number of closed sales!  I've been keeping track.  Back in 2007 - September, October, November, December, we were eaking along at about 150 closings per month total for all of Temecula, Murrieta and Winchester.  In January we saw our closings jump to 204, in February it went to 245, and in March we nearly doubled our fall monthly output to 317 closed sales.  (All of this information of course was taken from the MRMLS Matrix and does not include new home sales or those not listed in the Multiple Listing Service.)  It is really exciting to see all of the activity going on in the market!  If you are looking to buy or sell, please contact me at 951-551-7790.  When you think of real estate, please think of me!  Thank you, Susan Manning***********...
Comments 0
By Gene Wunderlich, Realtor & Legislative Liaison
(1st Action Real Estate)
Winning Championships – The Temecula State of the City On April 17, Temecula Mayor Mike Naggar presented the 19th Annual State of the City Address at the Pechanga Resort & Casino. For his theme this year Mayor Naggar chose the sports metaphor “Winning Championships”. He reminded the gathering of business, community and civic leaders of the many championships Temecula has won in the past and how that positions our community to continue to win championships even in difficult situations. Mayor Naggar introduced the championship team by discussing partnerships, including the Chamber of Commerce, local businesses, area schools and other government entities from neighboring cities to our nation’s capitol. All these team members have played a vital role in helping the City win and will be cal...
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