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.
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