Riverside CA - Homes for Sale - Market Report Feb 2009
Here is the latest look at Riverside California residential real estate. These tables show real estate sales for single family homes in Riverside in February 2009.
The number of active listings and pending listings is as March 5, 2009. Pending listings are homes that are currently in escrow. The average list price of sold homes means the average price of the homes at the time they went into escrow and then the average selling price of the homes is also listed.
If you can afford to buy a home in Riverside, it is definitely a good time with the low prices of homes, the low interest rates and the $8000 credit for first time home buyers (or those who have not owned a home in the last three years). Check today's interest rates here.
| 92501 |
|
| Active Listings |
100 |
| Number of Pending Homes |
61 |
| Number of Homes Sold |
17 |
| Average List Price of Sold Homes |
$168,562 |
| Average Selling Price of Sold Homes |
$161,741 |
| 92503 |
|
| Active Listings |
455 |
| Number of Pending Homes |
250 |
| Number of Homes Sold |
76 |
| Average List Price of Sold Homes |
$194,375 |
| Average Selling Price of Sold Homes |
$217,143 |
| 92504 |
|
| Active Listings |
287 |
| Number of Pending Homes |
114 |
| Number of Homes Sold |
47 |
| Average List Price of Sold Homes |
$163,579 |
| Average Selling Price of Sold Homes |
$161,911 |
| 92505 |
|
| Active Listings |
190 |
| Number of Pending Homes |
98 |
| Number of Homes Sold |
41 |
| Average List Price of Sold Homes |
$188,399 |
| Average Selling Price of Sold Homes |
$188,579 |
| 92506 |
|
| Active Listings |
208 |
| Number of Pending Homes |
97 |
| Number of Homes Sold |
35 |
| Average List Price of Sold Homes |
$249,419 |
| Average Selling Price of Sold Homes |
$247,246 |
| 92507 |
|
| Active Listings |
164 |
| Number of Pending Homes |
54 |
| Number of Homes Sold |
22 |
| Average List Price of Sold Homes |
$174,964 |
| Average Selling Price of Sold Homes |
$167,354 |
| 92508 |
|
| Active Listings |
185 |
| Number of Pending Homes |
91 |
| Number of Homes Sold |
37 |
| Average List Price of Sold Homes |
$309,179 |
| Average Selling Price of Sold Homes |
$302,872 |
| 92509 |
|
| Active Listings |
347 |
| Number of Pending Homes |
185 |
| Number of Homes Sold |
73 |
| Average List Price of Sold Homes |
$171,009 |
| Average Selling Price of Sold Homes |
$170,810 |
Here are a few observations in comparing these figures to January 2009. In every zip code there are fewer active listings compared to a month ago - it appears that our inventory of homes for sale is shrinking a bit. Also, there are more houses are currently in escrow than one month ago. The other point I find interesting is that generally speaking housing prices still appear to be coming down as the selling prices were lower in six out of the eight zip codes.
If you are thinking of buying or selling a home in Riverside or Corona or would like to get help with buying a home, please contact me at vicki@pedersen-team.com. Visit my website. Pedersen Real Estate DRE#01435175
Copyright © 2009 by Vicki Pedersen, All Rights Reserved.*Riverside CA housing market - Riverside CA real estate - houses for sale*
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