Temecula California Real Estate Stats

Median real estate property taxes paid for housing units with mortgages in 2005: $3,581 (0.8%)
Median real estate property taxes paid for housing units with no mortgage in 2005: $1,944 (0.4%)

The last years of the 1960s and early 70’s witnessed the beginnings of dramatic change in the Temecula Valley. Engineers, Old_Town_Temecula_Entrancecontractors, heavy-equipment operators and real estate agents quickly edged out the cowboys and Indians as the main customers at the local establishments. Pickup trucks towing horse trailers, trucks hauling cattle and tractors rigged with farm implements were replaced by cement mixers, lumber trucks and industrial grading equipment. Sales activity switched from cattle, hay and grain to subdivided real estate land.

The Kaiser Land Development Company marketed the valley’s attractions actively. Soon, the area became known as Rancho California. Many land sales were accomplished by means of limited partnership syndications, which helped to spread awareness of the area.

One side effect of this high-profile development was a second tier real estate boom in land suitable for avocado groves and grape vineyards on the east side of the valley. The value of plantable land skyrocketd.

The late ’70s brought changes to some of the original Old West sites. The Long Branch Saloon was converted into a meeting house, while the Stables Bar became the site for retail stores. Although the Swing Inn remains, new restaurants began to open.

The I-15 corridor between Los Angeles County and San Diego was completed in the early 1980s and the subdivision land boom began. When Rancho California incorporated in December, 1989, the citizens voted to officially name their city “Temecula”.