In November 2020, there were 36 homes sold, with a median sale price of $572,000 - a 3.1% increase over the $555,000 median sale price for the same period of the previous year. There were 18 homes sold in Canyon Lake in November 2019.
The median sales tax in Canyon Lake for the most recent year with available data, 2019, was $4,069, approximately 0.7% of the median home sale price for November 2020.
The following table compares Canyon Lake to other Riverside County cities with similar median sale prices in November 2020:
| City | Nov. 2020 Home Sales | Nov. 2019 Home Sales | % change (Total Home Sales) | Nov. 2020 Median Sales Price | Nov. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Norco | 31 | 22 | 40.9% | $680,000 | $561,500 | 21.1% |
| Rancho Mirage | 88 | 53 | 66% | $622,500 | $575,000 | 8.3% |
| Mountain Center | 7 | 1 | 600% | $620,000 | $438,000 | 41.6% |
| Corona | 244 | 210 | 16.2% | $580,000 | $520,000 | 11.5% |
| Mira Loma | 11 | 11 | 0% | $580,000 | $488,000 | 18.9% |
| Canyon Lake | 36 | 18 | 100% | $572,000 | $555,000 | 3.1% |
| Temecula | 196 | 160 | 22.5% | $537,000 | $465,000 | 15.5% |
| La Quinta | 153 | 100 | 53% | $530,000 | $437,500 | 21.1% |
| Colton | 1 | 1 | 0% | $525,000 | $645,000 | -18.6% |
| Cherry Valley | 11 | 4 | 175% | $525,000 | $285,000 | 84.2% |
| Murrieta | 215 | 153 | 40.5% | $510,000 | $434,000 | 17.5% |
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