Canyon Lake home prices rise in 2019

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The median sale price of a home sold in 2019 in Canyon Lake rose by $15,000 while total sales decreased by 25.5%, according to BlockShopper.com.

From January through December of 2019, there were 187 homes sold, with a median sale price of $440,000 - a 3.5% increase over the $425,000 median sale price for the previous year. There were 251 homes sold in Canyon Lake in 2018.

The median sales tax in Canyon Lake for the most recent year with available data, 2016, was $3,562, approximately 0.8% of the median home sale price for 2019.

The following table compares Canyon Lake to other Riverside County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Corona1,6352,652-38.3%$520,000$510,0002%
Mira Loma 115181-36.5%$500,000$475,0005.3%
Temecula1,2631,933-34.7%$470,000$464,5001.2%
La Quinta9421,516-37.9%$445,000$418,5006.3%
Mountain Center 3040-25%$442,750$335,50032%
Canyon Lake187251-25.5%$440,000$425,0003.5%
Palm Springs1,0871,681-35.3%$440,000$412,0006.8%
Murrieta1,3842,137-35.2%$430,000$420,0002.4%
Winchester 303528-42.6%$430,000$430,0000%
Wildomar240362-33.7%$413,250$410,0000.8%
Romoland 1839-53.8%$410,000$376,0009%

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