Here is the latest look at Riverside real estate. These tables show real estate sales for single family homes in Riverside for April of 2009. You might have heard that banks aren't loaning, but that isn't the case. People who qualify can get loans.
The number of active listings and pending listings is as May 6, 2009. The average list price of sold homes means the average price of the homes at the time they went into escrow and the average price of what the homes actually sold for is also listed for comparison.
| 92501 |
April 2009 |
| Number of houses for sale |
80 |
| Number of houses in escrow |
57 |
| Number of sold houses |
20 |
| Average list price of sold houses |
$127,995 |
| Average sold price of houses |
$122,420 |
| 92503 |
April 2009 |
| Number of houses for sale |
347 |
| Number of houses in escrow |
293 |
| Number of sold houses |
102 |
| Average list price of sold houses |
$193,433 |
| Average sold price of houses |
$193,860 |
| 92504 |
April 2009 |
| Number of houses for sale |
219 |
| Number of houses in escrow |
169 |
| Number of sold houses |
62 |
| Average list price of sold houses |
$190,585 |
| Average sold price of houses |
$189,083 |
| 92505 |
April 2009 |
| Number of houses for sale |
117 |
| Number of houses in escrow |
138 |
| Number of sold houses |
43 |
| Average list price of sold houses |
$174,373 |
| Average sold price of houses |
$173,175 |
| 92506 |
April 2009 |
| Number of houses for sale |
164 |
| Number of houses in escrow |
93 |
| Number of sold houses |
52 |
| Average list price of sold houses |
$270,971 |
| Average sold price of houses |
$263,897 |
| 92507 |
April 2009 |
| Number of houses for sale |
119 |
| Number of houses in escrow |
66 |
| Number of sold houses |
26 |
| Average list price of sold houses |
$175,939 |
| Average sold price of houses |
$165,432 |
| 92508 |
April 2009 |
| Number of houses for sale |
124 |
| Number of houses in escrow |
105 |
| Number of sold houses |
52 |
| Average list price of sold houses |
$319,767 |
| Average sold price of houses |
$319,453 |
| 92509 |
April 2009 |
| Number of houses for sale |
290 |
| Number of houses in escrow |
203 |
| Number of sold houses |
87 |
| Average list price of sold houses |
$162,723 |
| Average sold price of houses |
$159,351 |
In all eight of the Riverside zip codes shown here, the number of listings has gone down consistently each month since before the first of the year. The fact that the number of homes for sale is shrinking is a signal that we may be at or near the bottom of the market. If you have been thinking about buying a home, the timing might not be better than it is now for a long time - with the still very low housing prices and historically low interest rates. And don't forget about the $8000 federal income tax credit for first time home buyers (or those who have not owned a home for the last three years).
To quickly go back and check the previous Riverside real estate market report for March and first quarter 2009, click here. If you would like to read a report more up to date, read my newer post.
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.
Written and posted by: Vicki Pedersen, ABR, ASP, DRE # -01435175 Pedersen Real Estate, Riverside/Corona, California, 951-840-5212 vicki@pedersen-team.com My website, http://Riverside4Homes.com
;)
;)
;)
ok