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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.
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.
Here is a look at what is happening in Riverside CA in residential real estate for August 2009. This includes only single family houses, no statistics for condos are included. The number of houses for sale and in escrow is as of September 14, 2009. Prices are moving - some of the zip codes show increasing prices and some continue to show decreasing prices.
| 92501 | Aug 2009 | July 2009 | June 2009 |
| Number of houses for sale | 21 | 59 |
63 |
| Number of houses in escrow | 15 | 44 |
48 |
| Number of sold houses | 16 | 28 |
29 |
| Average list price of sold houses | $173,450 | $147,671 | $150,890 |
| Average sold price of houses | $172,838 | $150,264 | $151,197 |
| 92503 | Aug 2009 | July 2009 | June 2009 |
| Number of houses for sale | 86 | 232 |
250 |
| Number of houses in escrow | 100 | 295 |
320 |
| Number of sold houses | 116 | 122 |
119 |
| Average list price of sold houses | $217,010 | $214,621 | $198,950 |
| Average sold price of houses | $219,434 | $247,951 | $200,930 |
| 92504 | Aug 2009 | July 2009 | June 2009 |
| Number of houses for sale | 145 | 156 |
160 |
| Number of houses in escrow | 166 | 177 | 160 |
| Number of sold houses | 73 | 55 |
78 |
| Average list price of sold houses | $187,870 | $185,519 | $170,039 |
| Average sold price of houses | $189,132 | $186,897 | $173,949 |
| 92505 | Aug 2009 | July 2009 | June 2009 |
| Number of houses for sale | 69 | 91 |
93 |
| Number of houses in escrow | 118 | 111 | 121 |
| Number of sold houses | 45 | 41 | 42 |
| Average list price of sold houses | $195,654 | $171,289 | $171,896 |
| Average sold price of houses | $197,378 | $174,967 | $175,066 |
| 92506 | Aug 2009 | July 2009 | June 2009 |
| Number of houses for sale | 125 | 125 |
140 |
| Number of houses in escrow | 118 | 127 |
102 |
| Number of sold houses | 49 | 54 |
43 |
| Average list price of sold houses | $297,175 | $317,864 | $316,069 |
| Average sold price of houses | $291,136 | $310,220 | $308,339 |
| 92507 | Aug 2009 | July 2009 | June 2009 |
| Number of houses for sale | 74 | 91 |
98 |
| Number of houses in escrow | 75 | 78 | 68 |
| Number of sold houses | 36 | 36 |
41 |
| Average list price of sold houses | $190,874 | $174,869 | $156,963 |
| Average sold price of houses | $191,450 | $174,771 | $158,113 |
| 92508 | Aug 2009 | July 2009 | June 2009 |
| Number of houses for sale | 82 | 79 |
75 |
| Number of houses in escrow | 118 | 110 | 117 |
| Number of sold houses | 43 | 42 |
60 |
| Average list price of sold houses | $263,019 | $293,311 | $277,244 |
| Average sold price of houses | $261,208 | $290,460 | $280,996 |
| 92509 | Aug 2009 | July 2009 | June 2009 |
| Number of houses for sale | 175 | 168 |
211 |
| Number of houses in escrow | 182 | 203 |
215 |
| Number of sold houses | 76 | 105 |
99 |
| Average list price of sold houses | $159,462 | $171,479 | $164,466 |
| Average sold price of houses | $160,803 | $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.
Its the middle of August and home sales are strong in Riverside CA. As of today, August 14, 2009 there are 984 houses listed for sale on the multiple listing service. Here is a breakdown of sales activity in the different price ranges.
| Riverside CA | Active | Pending/ In Escrow |
Sold in the Last 45 Days |
| Low ($39,000-$160,000) | 274 | 448 | 301 |
| Low Middle ($160,001-$265,000) | 336 | 442 | 230 |
| Middle ($265,001-$400,000) | 178 | 195 | 100 |
| Middle High ($400,001-$750,000) | 141 | 77 | 55 |
| High ($750,001 and above) | 55 | 5 | 2 |
Homes that are priced right are selling and buyers who are qualified are definitely able to get loans. The income tax credit of $8000 for first time home buyers, the low housing prices and the low interest rates are causing a lot of buying activity. In order to get the tax credit, the house must close on or before November 30, 2009. Don't wait too long or you'll miss out on these factors that make now a great time to buy a house in Riverside, Corona or anywhere in the Inland Empire.
If you would like to learn more about real estate in Riverside CA, you can 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.
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.
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