Murrieta is a city in southern California. Located on the western side of Riverside County, the city claims the motto, “The Future Of Southern California.” Mainly considered a commuter town, with its 100,000+ residents either commuting north to Los Angeles or South to San Diego, Murrieta saw a boom in population between 2000 and 2010 with an increase of 234%. One potential reason people are flocking to this area is that in 2009, Murrieta was listed as the second safest city in America.
The average price of a home in Murrieta is $359,000 according to Zillow.com. Home prices have increased accordingly with the increase in population. Over the past year, home prices in Murrieta have increased 18.8% and they are expected to rise another 14.2% in the coming year. With a median list price of $155 per square foot, Murrieta home are more affordable than the Riverside Metro average price of $165 per square foot. Somewhat counter intuitively though, the median rent price in Murrieta is $1,750 a month, which is higher than the Riverside Metro median of $1,550.
Perhaps another reason Murrieta saw a population boom between 2000 and 2010 was that home prices were continually going down until they bottomed out in 2010. That year, the average home in Murrieta was going for $236,000. That was a drastic fall from its peak in July 2006 of $486,000. Still more than $100,000 less than home prices in their heyday, the current average of $359,000 is certainly a promising sign of market growth. If home prices in the area continue to rise at the same rate, Murrieta should get back to that peak home value amount sometime in 2016 or 2017.
Home renovation is also a booming business in the area. According to homewyse.com, renovation costs were higher across the board relative to US averages in 2014 in Riverside County. This higher cost of home renovation is due to labor and material prices also being higher than their national averages. Average labor and installation costs were 17% higher than the US average while retail material prices were around 103% of nationwide averages. You can be sure that general contractors in the area are pleased with the way business is going. Many people are looking for murrieta framing contractors
If you are looking to make home renovations and are searching for a murrieta siding installation, Mike Land Construction is a great choice. According to their website, “Mike Land Construction is a locally owned and operated General Contracting Company that specializes in all aspects of Carpentry. We offer construction services to the entire Temecula Valley and its surrounding cities. Mike Land Construction was established in 2006 by a Second Generation General Contractor/Carpenter named Mike Land Jr. who has resided and worked in the Valley since 1990. A true tradesman that was taught his craft by a dynamic group of skilled contractors of the past and is combining those skills with the high paced technology of today. In order to continue to provide the quality of craftsmanship, service and family values of a long lineage to the people of the Temecula Valley. Mike Land Construction prides themselves in providing construction services in a professional atmosphere, with a home town feel, at an affordable price, all without sacrificing quality.” A more detailed list of the services they provide along with a contact phone number can be found on their website.