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Victoria Riverside Real Estate Trends - Sept. 2011 - 09/06/11 06:30 PM
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Victoria Riverside Real Estate Trends - Sept. 2011
Active Listings: 19
Pending Listings: 12
Closed Sales: 5
What's selling in Victoria?
As summer wanes the real estate activity in Victoria, Riverside has slowed. However interesting trends are becoming apparent. During the month of August 5 homes closed. Two are REO's (bank-owned) properties and 3 Standard Sales. Two of the purchases were cash transactions. Often cash transactions maybe sold at a slight discount because they may close faster and do not require an appraisal which may induce the seller to offer concessions.
The prices for closed sales ranged from $250,000 … (2 comments)
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Why Buy New?... Especially Today - 09/03/11 08:38 PM
Why Buy New?...Especially Today
Recent news reports have forecast dire warnings for New Home Construction in California. "New home production struggling to keep up with 2010" or "Worst year on Record for New Home Sales." Wheter or not this is true it definitely represents an opportunity for buyers in Riverside, California seeking a new home. But what are the advantages to purchasing new construction vs a resale home?
Personalization:
New Construction Homes are production homes, built on a time schedule, with the opportunity to personalize. The personalization may range from room configurations, finishes, appliances, counters, etc. The Builder will offer 2 … (4 comments)
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Orangecrest Riverside Real Estate Trends - Sept. 2011 - 09/02/11 08:35 PM
Orangecrest Riverside Real Estate Updates - Sept. 2011
Active Listings: 44
Pending Listings: 37
Closed Listings: 24
Orangecrest Riverside is a masterplanned community consisting of approximately 5000 homes. New home builders exploded into the area during the early 2000's attracting families with the highly rated school district. The newer homes and subdivisions attract families searching for larger homes with larger yards and a community feeling.
Average price of homes: $283,000
Average price per sq.ft.: $113
Average days on the market: 104
What does this mean to you?
During the month of August the 24 Orangecrest Riverside closed … (4 comments)
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Lake Hills Riverside Real Estate Update - Sept. 2011 - 09/02/11 04:10 PM
Lake Hills Riverside Real Estate Update - Sept. 2011
Active Listings: 15
Pending Sales: 6
Closed Sales: 2
Average price: $418,000 Average price per square foot: $120 Average Days on the Market: 108
What does this mean to you?
The number of Lake Hills Standard Sales on the market has increased over last year when REO's (bank owned) properties dominated the market. The 15 active listings consist of:
9 Standard Sales 4 Short Sales 2 REO Sale The Lake Hills Standard sales also include 5 new construction homes by Richmond American Homes. Typically the price of new construction homes is higher … (2 comments)
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Author Bio: Kristal Wilson has lived and worked in Riverside,CA for twelve years. My knowledge of various builder's, communities and amenities make me an asset for buyers and sellers.
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