Norco Real Estate Market Report- October 1st, 2009

Norco Real Estate Market Report- October 1st, 2009

Norco Active Listings= 65

Lowest priced listing in Norco= $130,000.00
Highest priced listing in Norco= $1,495,000.00

Active Listings Property Type:

• 65 Single Family Residences
• 0 Condos/Townhouses
  

Active Listings Sale Type:

• 36 Standard Listings
  
• 8 REO* Listing
• 21 Short Pay** Listings
  

Active Listings Price Range:

• 24 priced at or above $500,000.00
• 41 priced below $500,000.00

Norco Properties in Pending & Back Up Status= 84

Pending & Back Up Status Listing Type:

• 16 Standard Listings
  
• 24 REO* Listings
  
• 44 Short Pay** Listings
  

Norco Properties Sold From 9/1/09-9/30/09= 26

September, 2009 Sales Type:

• 4 Standard Sales
• 16 REO* Sales
• 6 Short Pay** Sales

Lowest Sept '09 Sales Price= $115,000.00
Highest Sept '09 Sales Price= $511,000.00

What can you buy in Norco at these prices?:

$115,000.00=

• 2 bed/1 bath single family residence
  
• 754 s.f.
• 7,405 s.f. lot

$511,000.00=

• 6 bd/4 ba single family residence
• 4,749 s.f.
• 21,344 s.f. lot
• View
  
• Built in 2004
• 4 car garage
  
• Located in the Norco Hills area near Hidden Hills Golf Course

*REO= Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale= Properties that are still owned by the borrower. Borrower is attempting to sell the property for less than what is owed to the lender. Lender must approve the reduced pay off amount based on the current market value and borrowers inability to pay the full loan balance.