Here is a look at the Riverside real estate market 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 would like to read more up-dated information about Riverside real estate market, read my newer post.
If you are considering buying or selling in Riverside CA, contact me at vicki@pedersen-team.com My website, http://Riverside4Homes.com
Written and posted by: Vicki Pedersen, ABR, ASP, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715 -- Phone: 951-840-5212 vicki@pedersen-team.com
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Real estate in Riverside, Corona, CA, Moreno Valley, Lake Elsinore and Murrieta for buyers, sellers and short sales. ABR - Accredited Buyers Representative DRE #01435175
Short Sales - Foreclosures in Corona CA
Corona CA Homes for Sale - Market Report
Houses for Sale in Riverside CA
Riverside CA - Real Estate Activity Report - April 2010
Lake Hills Reserve - Real Estate Activity
Riverwalk - Riverside CA - Real Estate Activity
Victoria Grove - Riverside CA - Current Real Estate Activity
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