Here is a look at the residential real estate market for Riverside CA for June and July 2009. The number of houses for sale continues to decline, which it has been doing steadily for many months. One interesting thing to note is that in six out of the eight Riverside CA zip codes, the prices of the homes that sold last month has risen from June price levels. I believe that is a signal that we could be at the bottom of the housing market. These numbers could be higher because of the $8000 first time buyers tax credit which ends December 1st. After that is no longer available, the numbers may fall again.
| 92501 | July 2009 | June 2009 |
| Number of houses for sale | 59 |
63 |
| Number of houses in escrow | 44 |
48 |
| Number of sold houses | 28 |
29 |
| Average list price of sold houses | $147,671 | $150,890 |
| Average sold price of houses | $150,264 | $151,197 |
| 92503 | July 2009 | June 2009 |
| Number of houses for sale | 232 |
250 |
| Number of houses in escrow | 295 |
320 |
| Number of sold houses | 122 |
119 |
| Average list price of sold houses | $214,621 | $198,950 |
| Average sold price of houses | $247,951 | $200,930 |
| 92504 | July 2009 | June 2009 |
| Number of houses for sale | 156 |
160 |
| Number of houses in escrow | 177 | 160 |
| Number of sold houses | 55 |
78 |
| Average list price of sold houses | $185,519 | $170,039 |
| Average sold price of houses | $186,897 | $173,949 |
| 92505 | July 2009 | June 2009 |
| Number of houses for sale | 91 |
93 |
| Number of houses in escrow | 111 | 121 |
| Number of sold houses | 41 | 42 |
| Average list price of sold houses | $171,289 | $171,896 |
| Average sold price of houses | $174,967 | $175,066 |
| 92506 | July 2009 | June 2009 |
| Number of houses for sale | 125 |
140 |
| Number of houses in escrow | 127 |
102 |
| Number of sold houses | 54 |
43 |
| Average list price of sold houses | $317,864 | $316,069 |
| Average sold price of houses | $310,220 | $308,339 |
| 92507 | July 2009 | June 2009 |
| Number of houses for sale | 91 |
98 |
| Number of houses in escrow | 78 | 68 |
| Number of sold houses | 36 |
41 |
| Average list price of sold houses | $174,869 | $156,963 |
| Average sold price of houses | $174,771 | $158,113 |
| 92508 | July 2009 | June 2009 |
| Number of houses for sale | 79 |
75 |
| Number of houses in escrow | 110 | 117 |
| Number of sold houses | 42 |
60 |
| Average list price of sold houses | $293,311 | $277,244 |
| Average sold price of houses | $290,460 | $280,996 |
| 92509 | July 2009 | June 2009 |
| Number of houses for sale | 168 |
211 |
| Number of houses in escrow | 203 |
215 |
| Number of sold houses | 105 |
99 |
| Average list price of sold houses | $171,479 | $164,466 |
| Average sold price of houses | $173,876 | $165,676 |
If you are considering buying or selling in Riverside CA, contact me at vicki@pedersen-team.com Click here to visit my website.
Written and posted by: Vicki Pedersen, ABR, ASP, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715 -- Phone: 951-840-5212 vicki@pedersen-team.com Be sure to visit my website.
Residential real estate in Riverside, Corona, and Moreno Valley Calilfornia, andl throughout most of the Inland Empire. ABR - Accredited Buyers Representative DRE #01435175
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