Eastvale April 2014 Market Report

Eastvale April 2014 Market Report

     Eastvale is seeing an influx of buyers trying to purchase homes in our beautiful city. The demand seems to be increasing weekly. Inventory has increased slightly but it is still not enough to satisfy the demand of the buyers.

    I held an open house in Eastvale during Easter weekend.  It was apparent from the flow traffic during the open house that demand is not going away any time soon.  Many relatives visiting during the Easter weekend stopped by my open house inquiring about Eastvale's market. The talk of town was and still is how much more one can get for their money in the City of Eastvale.

Stats for the month of April:

      From the stats one can see that there were 50 homes that closed during the month of April. The majority of homes purchased ranged between $400k to $500k. The average sold price range is a little above $467k with a square footage of about 2700.

     Most of the homes that were sold were on the smaller scale for the City of Eastvale. I tend to believe the reason is due to the affordability factor for first time buyers and investors. This group of buyers tend to want single story or homes that can be easily rented.

     The next group of buyers were in the range of $500k to $600k. The buyers in this group purchased the average size homes in Eastvale, which ranges about 3500sqft in living space. Homes in this group range about $150/sqft.

     As home prices increase and purchasing power starts to decrease, we will see a much greater demand for homes that are less than $500k. If you are a homeowner in Eastvale and is contemplating selling your home that averages about 2700sqft...there is no better time than NOW to put your home on the market.

      Allow the Eastvale team to show you how to market your home and how you can time the sale of your property. 

Eastvale April 2014 Market Report