Its the middle of August and home sales are strong in Riverside CA. As of today, August 14, 2009 there are 984 houses listed for sale on the multiple listing service. Here is a breakdown of sales activity in the different price ranges.
| Riverside CA | Active | Pending/ In Escrow |
Sold in the Last 45 Days |
| Low ($39,000-$160,000) | 274 | 448 | 301 |
| Low Middle ($160,001-$265,000) | 336 | 442 | 230 |
| Middle ($265,001-$400,000) | 178 | 195 | 100 |
| Middle High ($400,001-$750,000) | 141 | 77 | 55 |
| High ($750,001 and above) | 55 | 5 | 2 |
Homes that are priced right are selling and buyers who are qualified are definitely able to get loans. The income tax credit of $8000 for first time home buyers, the low housing prices and the low interest rates are causing a lot of buying activity. In order to get the tax credit, the house must close on or before November 30, 2009. Don't wait too long or you'll miss out on these factors that make now a great time to buy a house in Riverside, Corona or anywhere in the Inland Empire. If you'd like more up-to-date information about the Riverside real estate market, read my post.
If you would like to learn more about real estate in Riverside CA, you can contact me at vicki@pedersen-team.com My website, http://Riverside4Homes.com
Written and posted by: Vicki Pedersen, ABR, ASP, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715 -- Phone: 951-840-5212 vicki@pedersen-team.com
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