Sierra Bella is a beautiful new home development in the southwestern part of Riverside CA with prices starting in the $400,000's. There will be a total of 88 homes when this development is completed, 23 of those have been sold so far. The builder, Lennar, has been in the business since 1954.
A terrific feature is that there are no mello roos or special assessments - which is very unusual for new developments in Riverside/Corona. The tax rate is 1.06% and the HOA fees are $188 per month.
Sierra Bella has two model homes located near La Sierra and McAllister Parkway. Here is their address and hours that the sales office and models are open:
12624 Cathedral Ridge Way, Riverside, CA 92503
(877)205-3124
Monday and Tuesday Closed
Wednesday 10:00 to 3:00
Thursday 10:00 to 6:00
Friday 10:00 to 6:00
Saturday 10:00 to 6:00
Sunday 10:00 to 6:00
There are four floor plans ranging in size from 2965 sq feet up to the largest which is 3610 sq feet. These new homes have lot sizes of about 1/2 acre and more. Many of the lots have gorgeous views. Lennar provides block wall fencing along with RV access. (It is so rare to find a new development that allows RV's). Granite slab counter tops and stainless steel appliances are standard with these homes.
View from the master bedroom of model home
Sierra Bella is located with the Riverside Unified School District. The schools are Lake Mathews Elementary, Chemawa Middle School and Arlington High School.
I spoke with their New Home Consultant, Rosalie Du Fresne, and asked her about her favorite thing about these homes. She answered that it is Lennar's commitment to customer service which is evidenced by their customer satisfaction surveys done by JD Power. Scoring in these surveys is from 1 to 10 (10 being the highest score). She said, "A score less than 10 is considered a failing grade by Lennar."
Here is a link to the Sierra Bella website.
For more information about this and other neighborhoods in Riverside or if you have any questions about Riverside real estate in general, please contact me at vicki@pedersen-team.com or visit My website. I not an agent for Lennar Homes and I am not affiliated with either Lennar or Sierra Bella.
If you would like to read about the current housing market in Riverside, read this blog.
Written and posted by: Vicki Pedersen, ABR, DRE# 01435175, Pedersen Real Estate, Riverside/Corona, California, 951-840-5212 vicki@pedersen-team.com Visit my website.
Here is the latest look at Riverside California residential real estate. These tables show real estate sales for single family homes in Riverside in March 2009. You can see from these tables that houses are selling in Riverside and people who qualify are able to get loans.
The number of active listings and pending listings is as April 6, 2009. The average list price of sold homes means the average price of the homes at the time they went into escrow (but not necessarily what they actually sold for). You can compare that to the the average sold price.
| 92501 | March 2009 | 1st Qtr 2009 Average |
| Number of houses for sale | 101 | 113 |
| Number of houses in escrow | 52 | 55 |
| Number of sold houses | 28 | 23 |
| Average list price of sold houses | $164,946 | $167,141 |
| Average sold price of houses | $162,182 | $159,893 |
| 92503 | March 2009 | 1st Qtr 2009 Average |
| Number of houses for sale | 405 | 449 |
| Number of houses in escrow | 262 | 247 |
| Number of sold houses | 113 | 92 |
| Average list price of sold houses | $188,431 | $204,534 |
| Average sold price of houses | $189,031 | $211,891 |
| 92504 | March 2009 | 1st Qtr 2009 Average |
| Number of houses for sale | 260 | 282 |
| Number of houses in escrow | 145 | 123 |
| Number of sold houses | 65 | 53 |
| Average list price of sold houses | $187,334 | $178,944 |
| Average sold price of houses | $179,802 | $176,277 |
| 92505 | March 2009 | 1st Qtr 2009 Average |
| Number of houses for sale | 170 | 188 |
| Number of houses in escrow | 118 | 103 |
| Number of sold houses | 44 | 42 |
| Average list price of sold houses | $211,152 | $201,940 |
| Average sold price of houses | $207,734 | $200,221 |
| 92506 | March 2009 | 1st Qtr 2009 Average |
| Number of houses for sale | 181 | 207 |
| Number of houses in escrow | 102 | 96 |
| Number of sold houses | 50 | 36 |
| Average list price of sold houses | $261,439 | $263,870 |
| Average sold price of houses | $252,803 | $257,502 |
| 92507 | March 2009 | 1st Qtr 2009 Average |
| Number of houses for sale | 137 | 157 |
| Number of houses in escrow | 62 | 57 |
| Number of sold houses | 27 | 27 |
| Average list price of sold houses | $179,556 | $181,269 |
| Average sold price of houses | $166,832 | $173,913 |
| 92508 | March 2009 | 1st Qtr 2009 Average |
| Number of houses for sale | 147 | 175 |
| Number of houses in escrow | 110 | 99 |
| Number of sold houses | 35 | 37 |
| Average list price of sold houses | $312,168 | $309,635 |
| Average sold price of houses | $311,960 | $305,501 |
| 92509 | March 2009 | 1st Qtr 2009 Average |
| Number of houses for sale | 317 | 343 |
| Number of houses in escrow | 193 | 182 |
| Number of sold houses | 84 | 73 |
| Average list price of sold houses | $169,299 | $173,944 |
| Average sold price of houses | $167,587 | $173,451 |
In all eight of the Riverside zip codes shown here, the number of listings has gone down from the first of the year until March, which I think is one signal that we are coming to the bottom of the market. Another thing that might signal the bottom of the market is that in four of the eight zip codes, the sold prices in March were higher than the sold prices the first of the year. If you have been thinking about buying a home, the timing might not be better than now for a long time - with the still very low housing prices and historically low interest rates. Don't wait to buy a home until these factors are no longer in your favor.
If you have any questions about the real estate market in Riverside or Corona or would like to get help with buying a home, please contact me at vicki@pedersen-team.com. Visit my website.
Written and posted by: Vicki Pedersen, ABR, ASP, Pedersen Real Estate, Riverside/Corona, California, 951-840-5212 vicki@pedersen-team.com Visit my website.
This is for those who are interested in what is happening currently with the housing market in Victoria Grove in Riverside CA. This information is as of October 31, 2009.
Active Listings
There are only 11 houses currently for sale on the multiple listing service right now in Victoria Grove. Of the houses currently for sale, seven are short sales, one is bank-owned (foreclosure) and three are standard sales.
Houses in Escrow
There are currently 19 houses in escrow in Victoria Grove today. Of those, four are bank-owned, ten are short sales, and there are six standard sales.
Closed Homes
The number of homes that have sold (and closed) in the 60 days is 16. Of those, eight were bank-owned, three short sales and four standard sales.
There are lots of buyers right now vying for the best houses at the best prices. Houses that are priced right are definitely selling. We are seeing increasing numbers of short sales successfully completed - but still the statistics aren't good for successful completion of short sales. If you are going to loose your home to foreclosure, a short sale may be a better option for you. Be sure to consult with your tax advisor or attorney before you decide to do a short sale as there may be tax consequences. If you are interested in buying a short sale, you're going to need patience - they generally take quite a while and there are often multiple offers.
Victoria Grove, in Riverside, CA is a wonderful neighborhood. It is actually one of my favorite neighborhoods in Riverside. If you would like to learn more about Victoria Grove or see photos of the neighborhood/amenities, go to my blog about Victoria Grove. You can contact me at vicki@pedersen-team.com if you would like more details about the market in Victoria Grove or anywhere in Riverside CA. Click here to visit my website.
Written and posted by: Vicki Pedersen, ABR, ASP, DRE# 01435175 Pedersen Real Estate, Riverside/Corona, California, 951-840-5212 vicki@pedersen-team.com Be sure to visit my website.
 Victoria Grove is a wonderful neighborhood in the southwestern part of Riverside. It is located south on La Sierra Avenue just below Lake Matthews - off El Sobrante and Blackburn. My husband and I have many friends who live here. We have sold a lot of homes here have also helped some wonderful people purchase homes in Victoria Grove. It has many wonderful amenities for the residents (which I describe briefly later) and even better are the amazing people who live in this neighborhood.
There were several different builders in Victoria Grove. The first section of this community was built in 2001 and the most recent section was completed in 2008. Homes range in size from about 2000 sq ft up to over 4400 sq ft.
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Community Ammenities |
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Victoria Grove also has a wonderful elementary School, Lake Mathews. This school is one of the best elementary schools in Riverside. Victoria Grove is located in the Riverside Unified School District. The other public schools are Frank Miller Middle School and Arlington High School. If you are interested in learning more about Victoria Grove or are interesting in buying or selling a home in Victoria Grove, contact me at vicki@pedersen-team.com. You can or visit my website. We have lots of helpful information for buyers and sellers there and you can search for homes for sale in Riverside and all throughout the Inland Empire.
Written and posted by Vicki Pedersen, Realtor, Pedersen Real Estate. DRE #01435175 |
I thought I'd share information on the current real estate market in the desirable neighborhood in the hills above Riverside called Lake Hills Reserve.
These statistics are as of 3/27/2009.
Active listings There are 20 homes for sale on the multiple listing service. Of those 20 homes, nine homes are brand new homes, two are regular sales, two are bank-owned homes, and six are short sales. These homes range in price from $335,000 for a 3045 sq ft home to $673,752 for a 5411 sq ft home.
Listings in escrow There are 15 homes in escrow. Of those 15 homes, six are new homes, seven are bank-owned homes, one short sale and one regular sale. These range in price from the lowest price which is listed at $340,000 for a 3045 sq ft home to the most expensive is $574,404 for a 4710 sq ft home.
Solds Twelve homes have sold in the last 90 days. Only one was a regular sale, three were new homes, seven were bank-owned and there was one short sale. The sale prices ranged from $275,000 for a 4094 sq ft home (that is an incredible price for a home that size!) up to $6298,020 for a 5400 sq ft home.
It appears that the number of foreclosures on the market is going down. I can only guess at the reasons why there are fewer bank-owned homes on the market right now. It could be that the banks are holding onto their foreclosed homes for some reason or it may have something to do with the foreclosure moratorium. Even with fewer foreclosures for sale, there are still some great houses at really low prices, making it a good time to buy if you can afford it and interest rates are extremely low right now.
Check out my blog about Silver Sage, one of the communities in Lake Hills Reserve.
If you would like to learn more about Lake Hills Reserve or any area in Riverside or Corona, contact me at vicki@pedersen-team.com. Visit my website. To search thousands of properties for sale on the multiple listing service.
Written and posted by: Vicki Pedersen, ABR, ASP, Pedersen Real Estate, Riverside/Corona, California, 951-840-5212 vicki@pedersen-team.com Visit my website.
Residential real estate in Riverside, Corona, and Moreno Valley Calilfornia, andl throughout most of the Inland Empire. ABR - Accredited Buyers Representative DRE #01435175
Here's a little bit of information about me...
I am a full time Realtor® and have been for over five years. I work with my husband, Don. We are The Pedersen Team, and we own our own brokerage, Pedersen Real Estate. I love working in real estate and being a Realtor! It is busy, challenging and often all-consuming. I'm totally committed to my clients and being honest with them, dependable and loyal to their needs. I go the extra mile in taking care of my clients and helping make their transactions as stress-free and pleasant as possible. I spend a lot of time with my clients: educating them, counseling them and simply doing whatever needs to be done to help them accomplish their real estate goals. The Pedersen Team motto "Above and beyond" is something I adhere to completely with each and every client. Put my dedication to my clients, professionalism and strong business ethics to work for you.
I am an Accredited Buyers Representative. I specialize in residential real estate for both buyers and sellers. I especially enjoy working with buyers and helping them through the entire process of buying a home.
Don and I have been extremely happily married for 31 years and have an amazing family with three children and four beautiful grandchildren. Our family is the center of our lives. We are proud of our family and are the proud parents of a Marine - ooh-rah! who attends West Point. We have lived in Riverside California for eight years.
The Riverside and Corona area of Southern California is a wonderful place to live. They are both beautiful cities. Riverside is the 12th largest city in California.
Search the entire MLS for not only Riverside, including the surrounding areas: Corona, Moreno Valley, Norco, and all through-out the Inland Empire.
Please browse through our website and make yourself at home. There, you can also request an online valuation of your property-or sign up for free emailed MLS listings. Visit often.
Visit my Riverside CA Real Estate blog.
Photo of the California Citrus State Historical Park, Riverside CA
"My husband and I are very satisfied with the work that Vicki has done as our real estate agent. Vicki was always informative and never pushing or pressuring us to buy a home. She always answered and responded to our needs as soon as possible. Though I am sure Vicki was busy with other clients, she made my husband and I feel important and we felt like she always put us first. Vicki is great at doing counter offers, which helped us to be more confident in getting the home that we really wanted. I will recommend Vicki and Don to family and friends who will be looking for a home. Thanks, Vicki, for all your patience and hard work." May Vang
"The motto of "Above and beyond" is truly the reflection of the Pedersen Team. This goes from the personable to professionalism of handling the business of selling our home in Riverside. I had interviewed 7 agents, all from reputable and large companies. I had many questions especially in a time where selling our house was unfavorable, but our move to Northern CA outweighs a depressed housing market. Vicki Pedersen did her homework - knowledge of my area, first-class brochures and flyers, outstanding web-site showing, plus many more behind the scenes including weekly activity report which I received "heads up" info. I had worked with many agents in the past (had owned 5 homes), Vicki Pedersen just tops them all. Anyone who is planning to sell their home will not be disappointed with the Pedersen Team - integrity, professionalism, knowledgeable - from start to finish" - Roy and Helen Shimizu
"I can't begin to accurately express how much your professional and personal assistance helped us during our relocation. Relocating from afar was stressful and challenging but you eased a lot of that with your competence, outstanding follow-through, and personal touch. You really made the whole process seem easy and as though we had some friends in our new locale that were/are looking out for us. To top it off, you found us a far better home for our family than we would have even thought possible. It was truly a pleasure to work with you and to count you among our new friends in Southern California. Thanks so much!" - Jim and Virginia Bender
"You two have been a blessing since the moment we met you! It was not by chance that we met on that rainy afternoon at an open house. Your professionalism and friendly nature sustained us during a very stressful time. Your marketing and brochures of our former house enables us (and the Good Lord) to sell our house in just days! Thank you for your support, advice and expertise in purchasing our new home. We will always consider you the best realtors we've ever worked with and more importantly, our friends." - Ginger and Steve Olauson
"Dear Don and Vicki, We can't thank you enough for your outstanding support in the marketing and sale of our home. The suggestions you made for enhancing the appearance with small decorator touches and removing some pieces to minimize clutter were right on the money. Your brochures and website were hands down the best, most professional marketing pieces we've ever seen! As a result, we had a serious offer in just two weeks in a softening market. You made sure we were priced right and positioned right for a sale. With all that, you were a delightful couple to work with. Thanks for your advice on counter offers and pushing to see the sale through to a successful close. " - - Glenn and Susan Ferguson
"Vicki, It was a great pleasure to work with you! Bill and I will call you in the future for our real estate needs. You are very kind and generous. It's hard to find a good realtor anymore, but we struck gold with you! " - Bill and April Morris
"How do you sell your house when Ms. Perfect-Home-and-Garden next door along with 12 other homeowners in a 2-mile radius are having for sale signs posted, while the market keeps deteriorating? If you are smart, you hire a team of consummate professioinals who praise the good, point out the less-so, and guide you gently through the improvement process as if you were their only client. Then after less than 30 days, you sign on the dotted line, getting very close to the amount originally asked for and are free to move on. Thank you Don and Vicki! You were a pleasure to work with during a stressful time. I love my new home. And when it, too, needs to be sold I'll be calling you." - Petra Berberich
"The Pedersens went far and above what one might expect of the run of the mill real estate agent. From start to finish, they handled issues as well as my physical property as if it were their own. There was never an issue they didn't solve. The transaction went amazingly smoothly. Don and Vicki are professionals of the highest caliber." - Mary Helen Montjoy
"When we decided to sell our home during a really tough real estate market, we knew we were facing significant challenges and were going to need the best sales team available to help us accomplish our goals. We chose Don and Vicki Pedersen because we were impressed with their knowledge in the general real estate market and, more particularly, with our immediate market. We also felt it would be a great advantage that they worked as a team, which would increase their availability to be directly involved in all important and key aspects of the sales process. Within a very short period of time, we knew we had made the right decision. From staging, to marketing, to weekly market updates, to personally attending showings to prospective buyers, they did everything they said they would do and more. And - our house sold! We are so grateful for Don and Vicki's expert assistance and would recommend them to anyone." - Pam McMahon and T. Lee Fenn
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