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Housing Market in Riverside California - March 2009

By
Real Estate Agent with Pedersen Real Estate 01435175

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.

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Written and posted by: Vicki Pedersen, ABR, ASP, Pedersen Real Estate, Riverside/Corona, California, 951-840-5212  vicki@pedersen-team.com     Visit my website. 

Posted by

Vicki Pedersen 
Pedersen Real Estate
951-840-5212
vicki.pedersen@gmail.com
DRE#01435175

www.Riverside4Homes.com

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