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Riverside CA Real Estate Market Conditions for September 2009

Here is a look at what is happening in Riverside CA in residential real estate during the last three months. This includes only single family houses, no condos are included. The number of houses currently for sale and in escrow is as of October 7, 2009. Prices seem to be still moving around quite a bit - five Riverside CA zip codes are lower for September than they were in August. Also, it is interesting to note that in all but one zip code, the sold prices were higher than the list prices, showing that houses are selling for more than they are listed due to continued strong demand by buyers.

92501 Sept 2009 Aug 2009 July 2009
Number of houses for sale 52 21 59
Number of houses in escrow 60 15 44
Number of sold houses 20 16 28
Average list price of sold houses $148,880 $173,450 $147,671
Average sold price of houses $152,525 $172,838 $150,264

92503 Sept 2009 Aug 2009 July 2009
Number of houses for sale 191 86 232
Number of houses in escrow 297 100 295
Number of sold houses 108 116 122
Average list price of sold houses $202,144 $217,010 $214,621
Average sold price of houses $221,637 $247,951 $200,930


92504 Sept 2009 Aug 2009 July 2009
Number of houses for sale 132
 145
 156
Number of houses in escrow 169 166 177
Number of sold houses 64 73
 55
Average list price of sold houses $178,730 $187,870 $185,519
Average sold price of houses $182,585 $189,132 $186,897


92505 Sept 2009 Aug 2009 July 2009
Number of houses for sale 71 69
 91
Number of houses in escrow 113 118 111
Number of sold houses 44 45 41
Average list price of sold houses $168,813 $195,654 $171,289
Average sold price of houses $174,000 $197,378 $174,967


92506 Sept 2009 Aug 2009 July 2009
Number of houses for sale 128 125
 125
Number of houses in escrow 126 118
 127
Number of sold houses 38 49
 54
Average list price of sold houses $306,686 $297,175 $317,864
Average sold price of houses $305,285 $291,136 $310,220


92507 Sept 2009 Aug 2009 July 2009
Number of houses for sale 74 74
 91
Number of houses in escrow 77 75 78
Number of sold houses 27 36
 36
Average list price of sold houses $159,304 $190,874 $174,869
Average sold price of houses $160,407 $191,450
 $174,771


92508 Sept 2009 Aug 2009 July 2009
Number of houses for sale 85 82
 79
Number of houses in escrow 112 118 110
Number of sold houses 47 43
 42
Average list price of sold houses $297,081 $263,019 $293,311
Average sold price of houses $304,079 $261,208 $290,460


92509 Sept 2009 Aug 2009 July 2009
Number of houses for sale 162 175
 168
Number of houses in escrow 206 182
 203
Number of sold houses 69 76
 105
Average list price of sold houses $164,489 $159,462 $171,479
Average sold price of houses $168,737 $161,423 $176,432

If you are considering buying or selling in Riverside CA, contact me at vicki@pedersen-team.com Click here to visit my website.

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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.

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Posted Wednesday Oct 07