The median sale price of a home sold in April 2021 in Canyon Lake rose by $90,000 while total sales increased by 266.7%, according to BlockShopper.com.
In April 2021, there were 22 homes sold, with a median sale price of $537,500 – a 20.1% increase over the $447,500 median sale price for the same period of the previous year. There were six homes sold in Canyon Lake in April 2020.
The median sales tax in Canyon Lake for the most recent year with available data, 2019, was $4,069, approximately 0.8% of the median home sale price for April 2021.
The following table compares Canyon Lake to other Riverside County cities with similar median sale prices in April 2021:
| City | Apr. 2021 Home Sales | Apr. 2020 Home Sales | % change (Total Home Sales) | Apr. 2021 Median Sales Price | Apr. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Temecula | 198 | 39 | 407.7% | $611,250 | $525,000 | 16.4% |
| La Quinta | 222 | 34 | 552.9% | $600,000 | $392,000 | 53.1% |
| Palm Springs | 170 | 40 | 325% | $595,000 | $350,000 | 70% |
| Cherry Valley | 11 | 1 | 1000% | $569,000 | $410,000 | 38.8% |
| Murrieta | 200 | 50 | 300% | $542,000 | $439,000 | 23.5% |
| Canyon Lake | 22 | 6 | 266.7% | $537,500 | $447,500 | 20.1% |
| Wildomar | 60 | 8 | 650% | $520,500 | $422,500 | 23.2% |
| Winchester | 53 | 18 | 194.4% | $520,000 | $430,000 | 20.9% |
| Riverside | 299 | 77 | 288.3% | $500,000 | $425,000 | 17.6% |
| Calimesa | 12 | 3 | 300% | $492,000 | $460,000 | 7% |
| Lake Elsinore | 76 | 31 | 145.2% | $480,000 | $403,000 | 19.1% |
