Why Live in Canyon Lake
Canyon Lake, nestled in the foothills of the Temescal Mountains, is a unique gated community centered around a 500-acre reservoir. Known for its scenic lakeside homes and palm-lined streets, the area offers a variety of water activities such as fishing, swimming, and boating nearly year-round. The Canyon Lake Property Owners Association manages the community's parks and social events, contributing to its close-knit atmosphere. While retail options are limited, local spots like Canyon Lake Market and the Lighthouse Restaurant & Bar serve as community hubs. Residents enjoy fresh produce from the Canyon Lake Certified Farmers Market every Sunday. For larger shopping needs, nearby Temecula and Riverside offer extensive options. The community features several parks, including Holiday Harbor and East Port Park, which provide recreational spaces and a dedicated dog park. Skippers Island hosts the annual Fourth of July fireworks, and the Lodge serves as a venue for various community events. Housing in Canyon Lake includes 1960s ranch-style homes and custom multi-level residences, often featuring Spanish-inspired architecture. The area is part of the Lake Elsinore Unified School District, with highly rated schools like Tuscany Hills Elementary, Canyon Lake Middle, and Temescal Canyon High. The neighborhood is safer than the national average, and its proximity to the 15 and 215 Freeways facilitates access to Riverside, Murrieta, and Temecula. Ontario International Airport is 41 miles away, and HOPE Medical Center is less than nine miles from the community.
Home Trends in Canyon Lake, CA
On average, homes in Canyon Lake, CA sell after 47 days on the market compared to the national average of 50 days. The median sale price for homes in Canyon Lake, CA over the last 12 months is $700,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$700,000
Median Single Family Sale Price
$703,500
Median 2 Bedroom Sale Price
$384,500
Average Price Per Sq Ft
$377
Number of Homes for Sale
45
Last 12 months Home Sales
163
Median List Price
$739,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
6%