Sales Decline in Lake Elsinore Real Estate Market

The Lake Elsinore market pulled back with a 6.3% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (83.3) with 89 homes sold. Within the same time frame, Moreno Valley had 170 sales, the most of all cities in the area. The median sales price dropped to $337,500, down from last week's $350,000. With only two months of inventory to sell, Lake Elsinore is a solid seller's market, in spite of the dip in sales.

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Demographic facts for Lake Elsinore:

  • The population has increased 64.2% over the past decade.
  • The lifestyle rating here is 36. (Scale: 1 = Worst, 100 = Best)
  • The breakdown of residents commuting to work is 75.5% by car, 16.1% by carpool, and 1.4% by public transit.

Data reported through 1/12/2017

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Realty One Group Southwest
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