Riverside County ยท ๐Ÿข Condos & Condominiums
Updated today ยท based on latest MLS activity

Condos & Condominiums Market Report โ€” Canyon Lake, CA

Median price $452,500 with a cold market, 15 closed sales, and 1.2 months of supply.

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Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906

Market Summary

$452,500
Median Price
$399.7/sf
Median PSF
-32.3%
Price Change
Cold
Market Temperature
1.2 mo
Absorption Rate
๐Ÿ“‰ Buyer
Market Type

What's Your Condos & Condominiums Worth in Canyon Lake?

Based on 15 recent closed sales, a typical condos & condominiums in Canyon Lake falls in this range:

$362,000 โ€“ $543,000

Actual value depends on size, condition, location, and lot. Text your address for a precise estimate.

Text (909) 566-2866 for Your Value โ†’

Supply & Demand

Activity

Active listings: 13

Pending: 1

Closed / month: 1.2

Market balance: Buyer Strong

Recommendation

Use recent condos & condominiums sales to price for a cold market in Canyon Lake.

Review pending count and active supply before making price or offer timing decisions in this cold segment.

Inventory

13
Active
1
Pending
5
Closed 30d
9
Closed 90d
$452,500
Median Active Price
117
Avg Days Active

Monthly Trend Chart

$755,000
25-06
$360,000
25-09
$655,000
25-10
$710,000
25-11
$354,000
26-04
$452,500
26-05

๐Ÿ“‰ Falling trend ยท 1.2 sales/month average

Recent Sales

24319 Canyon Lake

Close Price: $452,500

Close Date: 2026-05-12

Beds / Baths: 3 / 2

Sq Ft: 1,132

$/sf: $400

24319 Canyon Lake

Close Price: $452,500

Close Date: 2026-05-12

Beds / Baths: 3 / 2

Sq Ft: 1,132

$/sf: $400

24319 Canyon Lake

Close Price: $452,500

Close Date: 2026-05-12

Beds / Baths: 3 / 2

Sq Ft: 1,132

$/sf: $400

24319 Canyon Lake

Close Price: $452,500

Close Date: 2026-05-12

Beds / Baths: 3 / 2

Sq Ft: 1,132

$/sf: $400

24319 Canyon Lake

Close Price: $452,500

Close Date: 2026-05-12

Beds / Baths: 3 / 2

Sq Ft: 1,132

$/sf: $400

What to Know About Condos & Condominiums in Canyon Lake

Condominiums in Canyon Lake serve a distinct slice of the Inland Empire market where buyers balance payment sensitivity with convenience, amenities, and lower maintenance ownership. The clearest pricing differences usually come from HOA quality, project reputation, parking, and whether a unit feels competitive with nearby entry-level detached options.

For Condo Buyers & Investors in Canyon Lake

Condo valuations in Canyon Lake depend heavily on HOA financials, special assessment history, and comparable sales within the same complex. Lenders scrutinize condo project approval status, warrantability, and owner-occupancy ratios.

Thomas Appraisal has deep experience with condo valuations across Southern California. Whether you are buying, selling, or refinancing, get a certified appraisal that reflects true market value โ€” not just the last sale in the building.

Condos & Condominiums FAQ

For condos in Canyon Lake, buyers usually compare the complex first and the unit second. HOA quality, amenities, parking, floor level, view, and monthly dues often matter as much as square footage when explaining price differences.
Yes. Higher dues can be supported when they clearly cover strong amenities, exterior maintenance, or gated access, but they can also cap buyer affordability. In Canyon Lake, condo pricing works best when you compare units with similar HOA obligations and community quality.
Usually no. Detached condos in Canyon Lake often compete with small single-family homes, while attached units compete more directly inside the same project type. Keeping those groups separate helps preserve a cleaner value range.
Condo buyers in the Inland Empire are highly sensitive to community feel, financing friendliness, and shared-area maintenance. Two nearby projects in Canyon Lake can show very different pricing if one has stronger upkeep, better parking, or lower perceived risk.
Lionel Newman Thomas

Your Appraiser: Lionel Newman Thomas

Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906

Certified Residential Real Estate Appraiser with 17 years of experience serving the Inland Empire and greater Southern California. Lionel provides accurate, defensible valuations backed by CRMLS data and deep local market knowledge.

๐Ÿ“ž (909) 266-0644 ๐Ÿ’ฌ Text (909) 566-2866

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