Lake Elsinore California Five Year Housing Chart: # Sales / Median $
By Gene Wunderlich, Realtor & Legislative Liaison
(1st Action Real Estate)
Five Year Housing Chart for Lake Elsinore, California I've recently provided a copy of this report to our local officials for the City of Lake Elsinore. This information may prove helpful in determining city budget forecasts for the coming year as they evaluate the impact the downturn in our housing market has had on their revenue stream. Of course property tax revenue is just one source of income for the city but a major one. As the state continues to wrestle with a budget that may or may not include some trade-off between property taxes and vehicle license fees, a city like Lake Elsinore that is in the midst of a housing resurgence needs to know where current property values are. As you look at the attached chart and graphs, you will notice that the number of sales has declined ste...
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