Orangecrest Riverside Real Estate - November 2011 
Active Listings: 21
Pending Sales: 32 (20 short sales, 8 REO's, 4 standards)
Closed Sales: 12 (6 short sales, 3 REO's, 3 standards)
Orangecrest Riverside is a community consisting of newer homes built from 2000 forward and homes built as part of the original community when annexed by the city in 1986. This family orientated neighborhood boosts award winning school, community parks and is ranked as one of the nations Playful Communities.
The number of pending sales (homes in escrow) includes 24 distressed sale transactions with an average price per square foot at $103.
What does this mean for you?
Home sellers in Orangecrest Riverside are competing with distressed sales. The number of short sales in the community may indicate Lenders are becoming more receptive to processing short sale transactions rather than allowing homes to move to REO status. Standard sellers will need to have well-priced homes (an experienced Realtor will prepare a comparative market analysis) to compete.
Home buyers are able to find homes with upgrades and completed landscaping if they are prepared (pre-approved, proof of downpayment & closing costs) and have created a winning strategy with their agent. Be prepared the majority of transactions are short sales. Working with an agent who is experienced with short sales is an advantage for the buyer.
Homes are selling in Orangecrest Riverside offering a great opportunities for prepared buyers and sellers.
Call me if you would like additional information on Orangecrest homes.
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