Riverside Homes for Sale - Market Report - Jan 2010
Riverside CA homes for sale and residential real estate is still moving up and down. The prices in five out of the eight zip codes are down from Dec 2009. I think that we see some larger variances in sold prices due to bank-owned houses. Increased numbers of bank- owned houses that go on the market in a particular zip code will drive the prices in that zip code down. Some good news that I see this month is that in all zip codes, number of houses in escrow is going back up after the slow-down in December. The number of active homes and homes in escrow is as of February 2, 2010.
Real estate in Riverside continues to be ever-changing and ever-exciting - at least for me it is. It is still a great time to buy - with the low housing prices and very low interest rates. Depending on how much equity a person has, it can also be a good time to sell as there are more buyers right now and the inventory of available houses is pretty small. Read my post about how the number of houses on the market in Riverside has descreased signficantly.
| 92501 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 74 | 61 | 58 |
| Number of houses in escrow | 46 | 44 | 61 |
| Number of sold houses | 23 | 26 | 17 |
| Average list price of solds | $164,296 | $180,313 | $159,010 |
| Average sold price of houses | $164,609 | $182,482 | $159,571 |
| 92503 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 209 | 231 | 223 |
| Number of houses in escrow | 236 | 158 | 222 |
| Number of sold houses | 65 | 101 | 79 |
| Average list price of solds | $207,235 | $211,336 | $267,985 |
| Average sold price of houses | $211,538 | $215,573 | $266,218 |
| 92504 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 150 |
150 | 143 |
| Number of houses in escrow | 140 | 95 | 149 |
| Number of sold houses | 35 | 65 | 51 |
| Average list price of solds | $213,427 | $192,669 | $192,825 |
| Average sold price of houses | $219,943 | $199,746 | $198,801 |
| 92505 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 60 | 62 | 64 |
| Number of houses in escrow | 119 | 90 | 115 |
| Number of sold houses | 28 | 44 | 32 |
| Average list price of sold houses | $175,443 | $194,443 | $197,873 |
| Average sold price of houses | $178,304 | $194,584 | $203,365 |
| 92506 | Jan 2010 | Nov 2009 | Nov 2009 |
| Number of houses for sale | 153 | 135 | 118 |
| Number of houses in escrow | 97 | 64 | 142 |
| Number of sold houses | 25 | 50 | 35 |
| Average list price of solds | $282,396 | $318,464 | $302,812 |
| Average sold price of houses | $263,004 | $315,251 | $299,347 |
| 92507 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 81 | 77 | 76 |
| Number of houses in escrow | 64 | 45 | 79 |
| Number of sold houses | 24 | 38 | 14 |
| Average list price of sold houses | $191,917 | $176,031 | $211,979 |
| Average sold price of houses | $193,074 | $173,220 | $206,817 |
| 92508 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 88 | 86 | 81 |
| Number of houses in escrow | 98 | 71 | 111 |
| Number of sold houses | 37 | 47 | 29 |
| Average list price of sold houses | $290,126 | $280,026 | $295,473 |
| Average sold price of houses | $298,558 | $280,943 | $301,777 |
| 92509 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 195 | 182 | 158 |
| Number of houses in escrow | 177 | 135 | 203 |
| Number of sold houses | 50 | 77 | 54 |
| Average list price of sold houses | $146,148 | $169,713 | $156,678 |
| Average sold price of houses | $149,558 | $173,796 | $160,769 |
Read by blog with the same information for Corona.
If you would like to learn more about selling or buying real estate in Riverside or Corona, California, contact me at vicki@pedersen-team.com or go to my website, Pedersen-Team.com
Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715, Phone: 951-840-5212
Copyright © 2010 by Vicki Pedersen, All Rights Reserved.*Riverside CA - Homes for Sale - Market Report January 2010*
Comments(1)