Hot Buys ++ My top 10 list of favorite listings - Houses for Sale in Riverside CA

I check the new listings and sold houses  in Riverside and Corona just about every single day.  Since I’m “in there” (the multiple listing service) so much, it seems like a good idea to put together a list of my favorite hot buys of houses currently for sale in Riverside California.   Below is the list of my top 10 favorite houses for sale in Riverside priced between $200,000 and $250,000 as of today, November 16, 2011. 

**REO stands for real estate owned or bank owned – other terms for foreclosure

More details on the houses for sale on my list     Find out about current real estate activity in Riverside. 

Even though some of the best deals on the market are short sales, no short sales were included in the results of this search.  I didn’t include them because the list prices of short sales often do not correspond very closely to the price that the banks (lien holders) will ultimately accept for these houses.  Don’t get me wrong, I like short sales.  Some of my buyers have gotten great houses that were short sales and I like helping people sale in financial trouble by listing and selling their sale short houses.

If you are thinking of buying or selling a home in Riverside or Corona or other nearby Inland Empire cities, contact me at vicki@pedersen-team.com or 951-840-5212.  Visit my website for lots of resources and tips and search thousands of properties for sale.                                                         

Written and posted by: Vicki Pedersen, ABR, GRI, CDPE -- Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715

Copyright © 2011 by Vicki Pedersen, All Rights Reserved.*Hot Buys, Riverside CA November 2011 *

Here is a snapshot of what is currently happening in Corona CA in residential real estate. This chart includes only single family residences. Short sales are still the major part of the market right now based on the continuing high numbers of short sales for sale and pending short sales. There is a fewer percentage of sold short sales because they take longer to close and some of the short sales do not close successfully.  (I did not include the many short sales currently in back-up status in this chart.)  There are also a lot of standard sales and many of those are flip properties.  This is where an investor has bought the house, fixed it up or rehabbed it, and then put it on the market for sale.  Many buyers are looking for flipped properties since they don't have the time nor money to fix up a house themselves.  I have worked with a number of buyers throughout 2011 who have bought a flipped property.   Many buyers are looking for such properties because they dont have the cash nor time to fix up a house that needs it. 

Also I want to mention one more thing about Corona real estate: the average list price of all the residential properties that sold in October 2011 was $313,728 which is really only slightly higher than the average sold price of $311,000. Buyers, this means that you probably won't be able to come in with a low ball offer unless the house has been on the market for a very long time.

Check out the Riverside market activity

If you are thinking of buying or selling a home in Riverside or Corona or other nearby Inland Empire cities, contact me at vicki@pedersen-team.com.  Visit my website.  Search thousands of properties for sale.

Written and posted by: Vicki Pedersen, ABR, GRI Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715

Copyright © 2011 by Vicki Pedersen, All Rights Reserved.*Real Estate Activity - Corona CA *

People are often curious about what is happening in real estate in their community. Here is a snapshot of real estate in Riverside CA.  This chart includes listings and sales of single family residences only. Short sales are still the dominating force of the market right now based on the continuing high numbers of short sales for sale and pending short sales.  (I did not include the many short sales in back-up status currently in this chart.)  There are also a lot of standard sales and many of those are flip properties.  Flips are where investors buy houses (usually short sales and foreclosures) fix them up and then put it on the market for sale.  They can be wonderful for buyers who don't have the time or cash to fix up a house themselves, particularly first time buyers. Severall of my buyer clients have bought flips in 2011.  They can have some unique challenges with financing, though. I particularly like to show flipped houses to my first time buyers.  

And here is a little more information on Riverside CA real estate, 344 houses/condos were sold during October 2011.  The average list prices of those sold houses was $210,171.  Compare this to the average sold price of $205,256.

Check out Corona CA real estate activity

If you are thinking of buying or selling a home in Riverside or Corona or other nearby Inland Empire cities, contact me at vicki@pedersen-team.com.  Visit my website.  Search thousands of properties for sale.

Written and posted by: Vicki Pedersen, ABR, GRI Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715

Copyright © 2011 by Vicki Pedersen, All Rights Reserved.*Real Estate Activity - Riverside CA *

Victoria Grove Real Estate - Riverside CA

If you are interested in current real estate activity in Victoria Grove Riverside CA, read on.  This information is as of October 6, 2011. Victoria Grove is a beautiful gated community in the Southwest part of Riverside California - near Lake Mathews.  It is about about three miles south of the 91 freeway on La Sierra Ave.  It is a very nice community with wonderful residents and great community amenities - and is one of my favorite neighborhoods in Riverside.

Active Listings

There are 24 houses currently for sale (active listings on the multiple listing service) right now in Victoria Grove in Riverside California.  Of the houses currently for sale, 12 are short sales and 12 are standard sales. There aren't any REO (bank owned - foreclosure) listings right now. Out of the 12 standard sales, it looks like seven of those are flips (where an investor buys a foreclosure, fixes them up and then sells them).  The least expensive house currently for sale is listed at $265,000 and is 2917 sq ft and the highest price Victoria Grove house is a standard sale that is listed at $429,900. Let me know if you are interested in receiving the active listings in Victoria Grove. 

Houses in Escrow and Accepting Back-up Offers

There are currently 17 houses listed as "pending" which typically means that they are in escrow or "back-up" status - usually meaning that the seller has accepted an offer but they are accepting back-up offers.  There are 13 short sales, three REO (bank owned - foreclosure) listings and one standard sale.  The highest price house in back-up is a 4403 sq ft house listed for $485,000 and the least expensive is a 2746 sq ft house listed for $279,900.

Closed Homes

Victoria Grove had a total of 13 houses close (sold) in the last 60 days.  Of those, six were short sales, four were foreclosures and there were three standard sales. The most expensive house sold for $480,000 (a 4176 sq ft house) and the least expensive was a 2758 sq ft fixer upper that sold for $250,000.  (I know that it was a fixer upper because I showed it.)  I have clients who just closed on their beautiful new Victoria Grove house last week and they are so excited about the house and they love the neighborhood. 

Victoria Grove, in Riverside CA is a wonderful neighborhood.  If you would like to learn more about Victoria Grove or see photos of the neighborhood/amenities, go to my blog about Victoria Grove. Call me if you are thinking of selling your Victoria Grove house or of buying a house in this terrific community. Visit my website at Pedersen-Team.com.  You can contact me at 951-840-5212 or vicki@pedersen-team.com  

If you are thinking of buying or selling a home in Riverside or Corona or anywhere in the Inland Empire, contact me at vicki@pedersen-team.com.  Visit my website.  Search thousands of properties for sale.

Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715

Copyright © 2011 by Vicki Pedersen, All Rights Reserved.*Victoria Grove - Riverside CA - Current Real Estate Activity *

Riverwalk - Riverside CA is a beautiful community in the southwestern part of Riverside, California. It is in a convenient location close to the 91 freeway, near Pierce and Collett. It is also close to shopping, schools and La Sierra University. Riverwalk homes were built over several years - from about 2001 through 2005.  Riverwalk - Riverside CA 

I really like Riverwalk and its great location.  I have buyer clients who just closed on a terrific REO house this week in Riverwalk and they are very excited about their new house.

Real estate market in Riverwalk Riverside CA.

 

Victoria Grove Real Estate - Riverside CA

Here is an update on what is happening currently with  Victoria Grove Riverside CA real estate.  This information is as of June 29, 2011. Victoria Grove is a beautiful gated community in the Southwest part of Riverside California - near Lake Mathews.  It is about about three miles south of the 91 freeway on La Sierra Ave.  It is a nice community with wonderful residents and great  community amenities.

Active Listings

There are 26 houses currently for sale (active listings on the multiple listing service) right now in Victoria Grove in Riverside California.  Of the houses currently for sale, 15 are short sales, six are bank-owned (foreclosure) and seven are standard sales. The least expensive house currently for sale is listed at $274,900 and the highest price Victoria Grove home is a standard sale was built in 2008 and is listed at $529,900. Let me know if you are interested in receiving the active listings in Victoria Grove. 

Houses in Escrow and Accepting Back-up Offers

There are currently six houses listed as "pending" which typically means that they are in escrow. Of those, two are bank-owned and four are short sales.  There are 11 houses which are in "back-up" status which usually are short sales that have an accepted offer that they are working with but they are accepting back-up offers in case something goes wrong with the accepted offer.  There is one standard sale currently that is in "back-up" status.  The highest price house in back-up is listed at $475,000.

Closed Homes

Victoria Grove had a total of 13 houses close (sold) in the last 60 days.  Of those, five were short sales, five were foreclosures and there were three standard sales. One of the five forclosures was on the market previously as a short sale. That short sale obviously was not successful and the bank ended up foreclosing on it - then selling it.  The most expensive home sold for $425,000.  

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. Call me if you are thinking of selling your Victoria Grove house or of buying a house in this terrific community. Visit my website at Pedersen-Team.com.  You can contact me at 951-840-5212 or vicki@pedersen-team.com  

If you are thinking of buying or selling a home in Riverside or Corona or anywhere in the Inland Empire, contact me at vicki@pedersen-team.com.  Visit my website.  Search thousands of properties for sale.

Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715

Copyright © 2011 by Vicki Pedersen, All Rights Reserved.*Victoria Grove - Riverside CA - Current Real Estate Activity *

Real Estate report:  The # of all cash home sales in Riverside and Corona CA

I work with a lot of home buyers and have been wondering how many of the home sales in Riverside and Corona are bought by all cash buyers.  So I decided to research this issue myself and here are the results of that research.  The home sale totals are for all types of residential sales; single family houses and condos/townhouses.

Riverside California

Corona California

(Information is from the CRMLS. It is deemed reliable but not guaranteed.)

Riverside housing market report     Corona housing market report

Let me know if you are interested in receiving listings for  Corona CA or Riverside  homes for sale or if you are thinking of selling your Corona or Riverside  home, contact me at 951-840-5212 or vicki@pedersen-team.com. Visit my website, Riverside and Corona Real Estate.

Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715, Phone: 951-840-5212 
Copyright © 2011 by Vicki Pedersen, All Rights Reserved.*Real Estate Report: The number of all cash home sales in Riverside and Corona CA*

I'm working with a number of buyers right now.  The process of looking for houses now is quite frustrating due to the large numbers of short sales.  And, trying to avoid short sales can be quite difficult.  I have been telling my clients that about 50 to 60% of the houses for sale in Riverside CA, Corona, Murrieta and other nearby cities are short sales but I wanted to double check and get more definite statistics.  So I did a search of all the active listings in Riverside (both single family houses and condos).  What I correct about the 50 to 55%? Well on the day that I did my research, I was pretty darn close.  This is what I discovered:

On March 19, 2011 there were:

For you buyers out there, short sales are a huge part of the market and I don't think we are going to see short sales go away anytime soon.  So hang in there, be patient and keep looking! Many short sales are closing successfully.    Compare these numbers to the last time I checked how many short sale listings there were.

Let me know if you are interested in buying or selling a house in Riverside CA or Corona CA or if you have questions about the real estate market in Riverside or Corona or neaby.  You can contact me at 951-840-5212 or vicki@pedersen-team.com. Visit my website, Riverside and Corona Real Estate.

                                              

Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715, Phone: 951-840-5212 
Copyright © 2011 by Vicki Pedersen, All Rights Reserved.*Riverside CA - How Many Short Sale Listings are There?*

Houses for sale in Corona CA - Market Report - February  2011

Below are the totals for home sales in Corona CA for February 2011. The number of new listings has gone up in three zip codes from December to February. The number of houses that have sold has gone down in four of the five Corona zip codes.  The number of houses shown here currently for sale and pending is as of March 15. There were 199 closed sales in February which is down from the 236 sales that closed in November of last year.  These numbers are for single family houses only.

(Information is from the MRMLS. It is deemed reliable but not guaranteed.)

Riverside housing market report

Let me know if you are interested in receiving listings for  Corona CA homes for sale or if you are thinking of selling your Corona CA home contact me at 951-840-5212 or vicki@pedersen-team.com. Visit my website, Riverside and Corona Real Estate.

Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715, Phone: 951-840-5212 
Copyright © 2011 by Vicki Pedersen, All Rights Reserved.*Houses for Sale in Corona CA - Market Report February 2011*

Houses for Sale in Riverside CA - February 2011

Here is information about houses for sale in Riverside CA. The number of houses for sale and in escrow shown here are as of March 8, 2011.  These statistics do not include condos.  This is a breakdown per Riverside zip code but the overall picture for Riverside CA real estate shows a decrease in the number of sales over the last three months.  The number of houses currently for sale has gone up in four of the eight Riverside CA zip codes and six zip codes have experienced an increase in the number of pendings/backup status houses over December. The number of houses that sold (closed) in February compared to January has increased in half of the zip codes. The sold prices went up from in February (compared to January) in five zip codes.     Learn about the number of short sales currently in Riverside.

 (Information is from the MRMLS. It is deemed reliable but not guaranteed.)

There were 268 single family houses that sold in Riverside in February compared to 284 in January and 427 in December, which is a decline that I don't like to see.  We need to get more houses sold in Riverside, particularly the many short sales that are taking so long to get approvals for - a huge frustration for both buyers and sellers.   

2010 Totals for Riverside CA - houses for sale and houses that sold

Corona CA market report

Let me know if you are interested in receiving listings for Riverside CA homes for sale or if you are thinking of selling your Riverside CA home, contact me at 951-840-5212 or vicki@pedersen-team.com. Visit my website, Riverside and Corona Real Estate.

Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715, Phone: 951-840-5212 
Copyright © 2011 by Vicki Pedersen, All Rights Reserved.*Houses for Sale in Riverside CA - Market Report February 2011*