Lake Hills Reserve December Real Estate

Lake Hills Reserve Riverside December Real Estate

Lake Hills Reserve is a beautiful hill top community of new and newer homes. The 750 acre masterplanned reserve is set among the rolling hills of west Riverside bordering on the city of Corona. Boasting a new elementary school, community pool and several parks the community combines a rural type living (expansive lots, natural scenery) with easy access to Orange County and the Inland Empire.

Active Listings: 11 (8 Standard Sales - 3 New Construction, 3 Short Sales)

Pending Sales: 8 (2 Standard Sales, 4 Short Sales, 2 REO's- bank owned)

Closed Sales: 3 (1 Short Sale, 2 REO's)

What does this mean for you?

The average price per square foot for homes in the Lake Hills Reserve - $108. This number is important as it provides a base for calculating the value of your home. However views, size of lots, amount of upgrades will also impact the value of your home.

FHA Loans continue to be the most widely used loan with seller concessions (the amount of money the seller credits to the buyer for closing costs) ranging between $7,000 - $10,000.

The highest priced home to sell in the Lake Hills Reserve for the month of December was $486,000 with $10,000 seller credits. However the home was on the market 148 days and had 3 different buyers. For various reasons buyers may be unable to qualify for a loan, pre-approval letters and cross-qualification are critical to keep a transaction moving forward, or may change their minds - agents need to have a through knowledge of contractual obligations.

Homeowners interested in selling their Lake Hills Reserve home will require an experienced agent who has studied the real estate trends. My monthly Lake Hills Reserve Riverside Real Estate Report contains up-to-date information for buyers and sellers.

Buyers interested in purchasing a Lake Hills Reserve homes should utilize the services of an agent familiar with the area, homes and trends in order to be successful in obtaining the best deal.

Call me if you have questions or need assistance.

Let my expertise work for you!