Chardonnay Hills..Still Holding Strong
Posted by Susi Vickery | Visited 195 times, 1 so far today | Leave A Comment »
Chardonnay Hills Property Values Hold Strong in 2009
In light of all of the media this past year surrounding the decline in value of Real Estate, residents of Chardonnay Hills can breathe a sigh of relief. During the month of November, Chardonnay Hills had 4 homes close Escrow with an average market time of 39 Days. The median home price in Chardonnay Hills was $319,950. This number is almost $65,000 higher than the median home price in the city of Temecula, which is $255,000.
These numbers have not had the dramatic depreciation that we are made to think from last year. In November of 2008, The median priced home in Chardonnay Hills was $322,500 and the average market time was 66 days. So, in Chardonnay Hills, home prices have depreciated less than 1 % in the past year and market time has shortened by 27 days.
Chardonnay Hills is one of Temecula’s premier neighborhoods. With over 500 homes, ranging in size from 1400-3400 square feet, there is something for everyone in this gorgeous community. Walking distance to schools, shops, parks and wine country, Chardonnay Hills offers great convenience, low taxes and resort style living.
Kids attend 2 of the local elementary schools, Rancho Elementary and Vintage Hills Elementary.
For more information about Chardonnay Hills or any other of the fantastic Temecula communities, call or email Susi at Susi@Susivickery.com. Susi has been living and working in Temecula for the last 10 years.
