Lake Elsinore Real Estate Market Sees Sales Fall

In this week's report, the number of homes sold in the Lake Elsinore market slid to 104 over the past 30 days, a decrease of 4.6% from last week's report, but still above the monthly average. Within the same time frame, Moreno Valley had 207 sales, the most of all cities in the area. Prices are falling in Lake Elsinore, and this period the median price of all sales fell from $355,000 to $347,950. With only two months of inventory to sell, Lake Elsinore is a definite seller's market, in spite of the dip in sales.

Want a home with a large living space in Lake Elsinore? Start your search with these listings that provide the most in the area:

$2.2M   $474K   $503K  

Get started right now by checking out Lake Elsinore homes for sale or reviewing Lake Elsinore real estate trends.

Demographic facts about Lake Elsinore:

  • 51,821 people currently live in this area.
  • You can expect to pay property taxes at a rate of $9.19/$1,000.
  • People in this area have a commute time breakdown of: <15 min (14.7%), 15-29 min (23.1%), 30-44 min (21.7%), 45-59 min (12.9%), >60 min (27.6%).

Data reported through 6/15/2017

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Realty One Group Southwest
Snapped 48 homes in this area
Brenson Realty
Snapped 3 homes in this area
Century 21 premier
Snapped 2 homes in this area

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