Here is the latest look at Riverside California residential real estate. These tables show real estate sales for single family homes in Riverside CA in June 2009. There are a lot of home buyers right now but the number of houses for sale continues to decrease each month. Compare the large drop from the first quarter of 2009 to June. Suprisingly, in spite of the demand, the prices of houses overall continues to decline compared to the first quarter of 2009.
The number of active listings and pending listings is as July 4, 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 price that homes actually sold for.
| 92501 |
June 2009 |
1st Qtr 2009
Average |
| Number of houses for sale |
63
|
113 |
| Number of houses in escrow |
48
|
55 |
| Number of sold houses |
29
|
23 |
| Average list price of sold houses |
$150,890 |
$167,141 |
| Average sold price of houses |
$151,197 |
$159,893 |
| 92503 |
June 2009 |
1st Qtr 2009
Average |
| Number of houses for sale |
250
|
449 |
| Number of houses in escrow |
320
|
247 |
| Number of sold houses |
119
|
92 |
| Average list price of sold houses |
$198,950 |
$204,534 |
| Average sold price of houses |
$200,930 |
$211,891 |
| 92504 |
June 2009 |
1st Qtr 2009
Average |
| Number of houses for sale |
160
|
282 |
| Number of houses in escrow |
160 |
123 |
| Number of sold houses |
78
|
53 |
| Average list price of sold houses |
$170,039 |
$178,944 |
| Average sold price of houses |
$173,949 |
$176,277 |
| 92505 |
June 2009 |
1st Qtr 2009
Average |
| Number of houses for sale |
93
|
188 |
| Number of houses in escrow |
121 |
103 |
| Number of sold houses |
42 |
42 |
| Average list price of sold houses |
$171,896 |
$201,940 |
| Average sold price of houses |
$175,066 |
$200,221 |
| 92506 |
March 2009 |
1st Qtr 2009
Average |
| Number of houses for sale |
140
|
207 |
| Number of houses in escrow |
102
|
96 |
| Number of sold houses |
43
|
36 |
| Average list price of sold houses |
$316,069 |
$263,870 |
| Average sold price of houses |
$308,339 |
$257,5 |
| 92507 |
June 2009 |
1st Qtr 2009
Average |
| Number of houses for sale |
98
|
157 |
| Number of houses in escrow |
68 |
57 |
| Number of sold houses |
41
|
27 |
| Average list price of sold houses |
$156,963 |
$181,269 |
| Average sold price of houses |
$158,113 |
$173,913 |
| 92508 |
June 2009 |
1st Qtr 2009
Average |
| Number of houses for sale |
75
|
175 |
| Number of houses in escrow |
117 |
99 |
| Number of sold houses |
60
|
37 |
| Average list price of sold houses |
$277,244 |
$309,635 |
| Average sold price of houses |
$280,996 |
$305,501 |
| 92509 |
June 2009 |
1st Qtr 2009
Average |
| Number of houses for sale |
211
|
343 |
| Number of houses in escrow |
215
|
182 |
| Number of sold houses |
99
|
73 |
| Average list price of sold houses |
$164,466 |
$173,944 |
| Average sold price of houses |
$165,676 |
$173,451 |
If you can afford it, now it a great time to buy a house. Don't miss out on the low housing prices, low credit rates and the $8000 tax credit for first time buyers.
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. my website.
Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, 951-840-5212 vicki@pedersen-team.com Visit my website.
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