Justin Tye

Canyon Lake, CA

Single-Family Homes

Active Realty I REAL



Canyon Lake, CA

Thu Jun 20 2024
This week the median list price for Canyon Lake, CA is $764,350 with the market action index hovering around 44. This is less than last month's market action index of 47. Inventory has increased to 50. Click here to stay informed with the Canyon Lake market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Canyon Lake, CA

Thu Jun 20 2024
This week the median list price for Canyon Lake, CA is $764,350 with the market action index hovering around 44. This is less than last month's market action index of 47. Inventory has increased to 50. Click here to stay informed with the Canyon Lake market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Canyon Lake market.
Median List Price $764,350
Median Price of New Listings $634,999
Per Square Foot $356
Average Days on Market 73
Median Days on Market 35
Price Decreased 38%
Price Increased 0%
Relisted 10%
Inventory 50
Median Rent
Market Action 44
Slight Seller's Advantage

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,724,999 4,144 8,000 - 10,000 sqft 5 3.8 32 0 0 49
$889,950 2,889 8,000 - 10,000 sqft 4 3 34 2 3 45
$665,000 2,190 6,500 - 8,000 sqft 4 2.5 30 2 1 21
$599,999 1,572 6,500 - 8,000 sqft 3 2 45 5 5 42