Norco, CA market analysis - October 2012
Norco is a city within Riverside County. The city got its name from the abbreviation of North Corona. It is located north of Corona and south of Eastvale CA. Currently about 27,000 residents calls Norco their home. Norco's motto is "Horse town USA"
Major employers include Corona-Norco School district, California Rehabilitation Center and the Naval Surface Warfare Center. Most of the homes in the city are comprised of large lots. Many have access to horse trails. It is truely a rural neighborhood within a city.
There were 20 properties sold in the month of October, 2012. The highest paid property is located on 1502 El Paso Drive. This house has over 3,300 sq ft of living space on a lot over 20,000 sq ft. It was sold for $525k and was only on the market for 15 days. This was a cash transaction.
Currently, Norco has 43 homes that available for sale. The highest listed property that is currently available is located on 16501 Hillside Ave. The asking price is $1,010,000. This property has 3 bedrooms, 2 baths, over 2,000 sq ft on almost a 3 acre lot. This property has great potential and may be used as horse boarding facility. It can board up to 30 horses. It features 15 stalls that include open fronts with bars, rubber mats, automatic watering, feeders, back doors, automatic fly systems. There is also an exercise track around the perimeter of the arena. The single story house also has a rock swimming pool for those warm summer days. If you would like to tour this property before it is snatched up, contact me today at (951) 707-9919.
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