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Riverside CA Real Estate Market Conditions by ZIP Code

As a Realtor®  I monitor local real estate statistics to keep my clients informed and ready to respond to real estate trends.  Here are the current real estate statistics for  Riverside, specifically by ZIP codes for the month of July 2008 for single family home listings (condos not included). The # of active listings shown are the number of listings on July 31, 2008. Average days on the market is the average number of days before the house went into escrow.

 
92501ActiveIn EscrowSold
# of Listings
147
45
14
Average List Price
$261,202
$229,648
$233,724
Average Sold Price
$220,229
Average Days on the Market
98
79
98
Average Size (Sq. Ft)
1,577
1,468
1,766

 

92503Active In EscrowSold
# of Listings
556
220
89
Average List Price
$338,687
$248,551
$280,087
Average Sold Price
$279,453
Average Days on the Market
105
54
58
Average Size (Sq. Ft)
2,067
2,189
1,964

 

92504Active In EscrowSold
# of Listings
337
102
35
Average List Price
$331,662
$240,718
$260,458
Average Sold Price
$260,160
Average Days on the Market
111
74
Average Size (Sq. Ft)
1,794
1,654
1,679

 

92505ActiveIn EscrowSold
# of Listings
231
90
31
Average List Price
$289,026
$225,679
$247,409
Average Sold Price
$327,196
Average Days on the Market
96
80
67
Average Size (Sq. Ft)
1,712
1,502
1,673

 

92506ActiveIn EscrowSold
# of Listings
256
76
36
Average List Price
$548,894
$281,742
$342,933
Average Sold Price
$327,362
Average Days on the Market
107
69
53
Average Size (Sq. Ft)
2,439
1,635
1,812

 

92507ActiveIn EscrowSold
# of Listings
170
59
17
Average List Price
$292,260
$247,223
$280,888
Average Sold Price
$264,535
Average Days on the Market
95
71
66
Average Size (Sq. Ft)
1,628
1,612
1,699

 

92508ActiveIn EscrowSold
# of Listings
186
98
44
Average List Price
$411,256
$342,586
$360,809
Average Sold Price
$353,788
Average Days on the Market
85
63
70
Average Size (Sq. Ft)
2,738
2,635
2,757

 

92509ActiveIn EscrowSold
# of Listings
472
146
41
Average List Price
$264,018
$225,908
$243,430
Average Sold Price
$236,659
Average Days on the Market
103
67
78
Average Size (Sq. Ft)
1,537
1,549
1,615

 

The market has its good points and bad points. Prices have come down a lot in the last 18 months. It is a great time to buy. The inventory of homes is still good (but has shrunk considerably in the last year and interest rates are still low. It is hard to sell a home right now and compete with the low priced foreclosures.

If I didn't include your Riverside CA zip code or if there is another ZIP in the area that you would like to see the statistics for, please contact me and I'll get that information for you.

My website

My e-mail is vicki@pedersen-team.com

Posted Friday Aug 01