Orangecrest Riverside Real Estate - May 2013
What is the big story in Orangecrest real estate? Appreciation! Prices are rising everyday. Within the last month Orangecrest sellers have increased listing prices 15% over last month's sold price and it looks like these sellers will get their aggressive prices. Sold prices and appraisal values are increasing in a cycle of appreciation.
Orangecrest Rverside Real Estate Chart Number of units sold per year
Orangecrest Riverside Real Estate Activity
Active Listings: 7 Standard Sales: 5 Short Sales: 2
Pending Sales: 33 Standard Sales: 14 Short Sales: 19
Sold Listings: 14 Standard Sales: 11 Short Sales: 19 REO sale: 1
Average price: $326,000 Average price per sq.ft: $161 Average days on the market: 27
What does this mean for Orangecrest Riverside Sellers?
It's Christmas and it is definitely a sellers market. The low inventory levels combined with the low interest rates has created a cyclone of appreciation. If you have even thought about selling call me now. I have qualified buyers seeking to purchase in the Orangecrest Riverside area.
What does this mean for Orangecrest Riverside Buyers?
It means interest rates remain low (and we don't know how long this will last.) If you have been seating on the fence waiting to see what will happen...it's happening. You will need an agent who is familiar with the neighborhood and knows the right strategies to get offers accepted. Call me!
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