About Riverside's Wood Streets

Southern California Real Estate

The Southern California real estate market has been extremely volatile in the past few years, from foreclosures, short sales and standard sales as well. But Southern California real estate transactions are still happening in spite of the market crash and tough market conditions.

While it is true that many unfortunate Southern California homeowners are losing their properties to foreclosure, foreclosing banks and lenders are not in any hurry to list their Southern California foreclosed assets for sale. Banks have slowed the resale of their Southern California foreclosures to a trickle to keep the real estate marketplace competitive for buyers and to not flood the supply. It is a great time to buy Southern California real estate if you have the resources to do so, but there are many buyers and investors buying foreclosures. These conditions makes it hard to secure a purchase, despite popular opinion.

Southern California short sales have also become more prevalent, helping distressed Southern California homeowners relieve their financial hardship of the burdening mortgage, but short sale negotiations can be complicated and difficult. Many Southern California short sales fail to sell not because of a lack of willing and able buyers for the properties, but either the short sale agents handling the listings are not experienced or tenacious enough. If you're looking for a Southern California short sale agent to handle the negotiations and listing of your house make sure you're diligent about finding an effective professional to help you through the process.

Southern California standard sales also are a percentage of the Southern California real estate marketplace, but as with most standard sellers in this tough market, they either must sell at a higher price to cover the cost of sale and pay off any mortgages, or their Southern California real estate agents do not understand the Southern California real estate climate to effectively market and sell the property. Many sellers and their agents forget that they must adhere most of the conditions of the market to sell their Southern California property.

If you are interested in buying or selling your Southern California House, Southern California home or Southern California property, you need an agent that is a tough negotiator, understands this challenging Southern California real estate market and works in the trenches of foreclosures, short sales and standard sales every day.

We list and sell foreclosures, short sales and standard sales everyday, and we can put our experience to work for you too. Call us now to discuss your real estate needs at 1 (888) 9 LIST-IT, or visit our Southern California Real Estate Listing Website at http://8889LISTIT.com.

Real Estate Short Sale Process

Wood Streets - Riverside - Homes for Sale Sept 2010

The Wood Streets area in Riverside California is the popular name for a group of adjacent residential subdivisions that make up about a square mile in area that is near downtown Riverside. Many of the streets have “wood” in their names; Larchwood, Beechwood, Elmwood, Linwood, Oakwood, Rosewood. It is also close to a terrific shopping/dining area - The Riverside Plaza.

Most houses built in the Wood Streets Riverside were built in the 1910's through the 1920's. The rest were built in the 1930's, 1940's and a few in the 1950's. The neighborhood has a cross-section of different style homes that are both diverse and good-looking, but are fairly compatible in scale, tone and age. My favorite style home which is common in the Wood Streets is the Craftsman style homes. The Wood Streets area is a wonderful area. I've heard from a number of people that they really like living in this area.

Current Wood Streets area homes real estate activity (as of September 3, 2010.*

Active Listings

There are 22 active listings: ten short sales, four bank-owned houses and eight standard sales. The highest priced one currently is a 3001 sq ft home listed for $329,900.

Pending Listings (in escrow or in contract)

There are 14 pending listings in the Wood Streets homes. Eight are short sales, four are standard sales and two are bank-owned houses. The highest price house in escrow right now is a 1616 sq ft house that is listed for $260,000.

Sold Houses (within the last 60 days)

The number of homes in the Wood Streets that have sold within the last 60 days is 18. There were five short sales, ten standard sales and three bank-owned houses. These range in price paid from $135,00 for a 696 sq ft home to $295,000 for a 2119 sq ft house.

*These numbers are approximate as the actual boundaries of Wood Streets area is a bit subjective.

Wood Streets area. Riverside real estate market.

Read about other neighborhoods in Riverside: Riverwalk, Lake Hills Reserve, Victoria Grove.

Contact us if you are thinking of buying or selling a house Riverside or if you have questions about real estate in the area. You can reach Pedersen Real Estate at 951-840-5212 or 951-906-2852 or e-mail at vicki@pedersen-team.com or visit our website www.PedersenRealEstate.com

Wood Streets- Riverside

The Wood Streets neighborhood in Riverside California is the popular name for a group of adjacent residential subdivisions that make up about a square mile in area. Many of the streets have “wood” in their names; Larchwood, Beechwood, Elmwood, Linwood, Oakwood, Rosewood. The area is close to the downtown area of Riverside.

Most houses built in the Wood Streets were built in the late teens through the 1920s. The rest were built in the 1930's, 1940's and a few in the 1950's. The neighborhood has a cross-section of different style homes that are both diverse and good-looking, but are compatible in scale, tone and age. I especially love the arts & crafts (craftsman) style homes in the Wood Streets area.

As of March 31, 2010, there are 10 active listings: five short sales and five standard sales. The prices range from $134,990 for a 854 sq ft home to $299,900 for a 1703 sq ft home. There are also ten pending listings (or homes that are in escrow). Six are short sales, three are standard sales and one is a bank-owned house. The prices range from $168,888 for a 826 sq ft home to $229,000 for a 1880 sq ft home. The number of homes in the Wood Streets that have sold within the last 60 days is eight: two short sales, four standard sales and two bank-owned houses. These range in price paid from $115,00 for a 1342 sq ft home to $275,000 for a 1675 sq ft.

Map showing the area of Riverside that is called The Wood Streets.

Read about other neighborhoods in Riverside: Riverwalk, Lake Hills Reserve, Victoria Grove,