More Data on Menifee Sun City Housing Boom

MarketPointe Realty Advisors released an announcement today providing more data supporting the prospect that the Menifee Valley is sitting in the center of Riverside County's future population boom, noting the number of attached and detached homes scheduled for construction...

According to Marketpointe Realty Advisors LandTracker publication, there are 33,270 attached proposed development units in West Riverside. Of these units, the Hemet/San Jacinto area leads future attached supply, having the largest share at 24 percent, followed by Perris/Sun City at 18 percent, Riverside/Moreno Valley and Lake Elsinore with 14 percent, while Temecula/Murrieta holds 12 percent of the entitled units. The Banning/Beaumont area has 10 percent, with Corona/Norco (8 percent) rounding out the region.

Proposed detached units in West Riverside total 171,108 homes in 1,298 projects with nearly one-third located in Perris/Sun City. The remaining 69 percent of the region is fairly well distributed between Banning/Beaumont with 19 percent, Hemet/ San Jacinto with 16 percent, Temecula/Murrieta with 11 percent, Riverside/Moreno Valley 10 percent, Lake Elsinore 7 percent and Corona/Norco holding the final 6 percent.

You can read their entire press release here...
http://www.webwire.com/ViewPressRel.asp?aId=42601

MarketPointe Realty Advisors provides market analysis, feasibility studies, litigation support and research databases for builders, developers, lenders, mortgage bankers, and attorneys.