Norco, California Real Estate Market Report- November 1st, 2009

Norco, California Real Estate Market Report- November 1st, 2009

Norco Active Listings= 67

Lowest priced listing in Norco = $168,000.00
Highest priced listing in Norco = $1,250,900.00

Active Listings Property Type:

• 67 Single Family Residences
• 0 Condos/Townhouses
  

Active Listings Sale Type:

• 33 Standard Listings
  
• 10 REO* Listing
• 24 Short Pay** Listings
  

Active Listings Price Range:

• 32 priced at or above $500,000.00
• 35 priced below $500,000.00

Norco properties in Pending & Back Up Status= 88

Pending & Back Up Status Listing Type:

• 25 Standard Listings
  
• 16 REO* Listings
  
• 47 Short Pay** Listings
  

Norco Properties Sold From 10/1/09-10/31/09= 27

October, 2009 Sales Type:

• 5 Standard Sales
• 17 REO* Sales
• 5 Short Pay** Sales

Lowest Oct '09 Sales Price= $168,300.00
Highest Oct '09 Sales Price= $800,000.00

What can you buy in Norco at these prices?:

$168,300.00=

• 4 bd/2 ba single family residence
  
• 1,274 s.f.
• 6,969 s.f. lot
  
• Built in 1962
• 2 car garage
  
• REO property
• Cash purchase
  

$800,000.00=

• 5 bd/4 ba single family residence
• 3,979 s.f.
• 72,000 s.f. lot
• 3 car garage
  
• Built in 2005
  
• Rock pool & spa w/swim up bar
  
• Former model home
• Highly upgraded interior w/dual air
  
• Backyard w/built in BBQ, sound & misting system
• Barn, corral, tack room
  
• RV Parking
  
• Standard Sale
• Cash purchase
  

 
*REO= Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale= Properties that are still owned by the borrower. Borrower is attempting to sell the property for less than what is owed to the lender. Lender must approve the reduced pay off amount based on the current market value and borrowers inability to pay the full loan balance.