Riverside CA Houses for Sale - Market Report
Here is what's happening in the real estate market for Riverside CA Houses for sale. Its the middle of March 2010 and house sales are strong in Riverside CA. As of today, August 14, 2009 there are 1,119 houses and condos houses listed for sale on the multiple listing service. Here is a breakdown of sales activity in the different price ranges.
Riverside CA Houses | Active | Pending/ In Escrow |
Sold in the Last 45 Days |
up to $150,000 | 280 | 371 | 149 |
$150,001-$250,000 | 410 | 569 | 230 |
$250,001-$350,000 | 202 | 195 | 92 |
$350,001-$450,000 | 89 | 54 | 27 |
$450,001-$600,000 | 70 | 39 | 17 |
$600,001 + | 68 | 13 | 6 |
As far as luxury homes for sale in Riverside CA, there are currently 26 active listings priced at $1,000,000 or above. There are three houses in that price range in escrow and only one house has closed in the past 45 days and that one sold for $1,850,000.
The inventory of houses for sale is not nearly as high as it was a year or more ago - which is good for sellers but makes it more difficult for buyers to get offers accepted. But with the low prices of houses and the continued low interest rates, it is still a terrific time to buy a home for those who can afford it. Click here to read my post about how the number of houses for sale has declined significantly in the last 14 months.
Info about Riverside CA short sales and foreclosures.
Call me if you are thinking of buying or selling a house or if you have any questions about the Riverside CA real estate market. My number is 951-840-5212 or contact me by e-mail at vicki@pedersen-team.com or go to my website, Pedersen-Team.com
Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715
Copyright © 2010 by Vicki Pedersen, All Rights Reserved.*Riverside CA Houses for Sale-March 2010*
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