Buying a house in Riverside CA
Want to snatch up a house way below asking price in Riverside CA?
The chances aren't great. It continues to be a very competitive market for buyers in Riverside and the nearby communities. There are lots of buyers and not a lot of houses on the market for sale. The numbers below will show that houses are selling on average at or higher than the asking price. Even all cash buyers often have to pay over asking price.
- Total houses sold (single family homes) in Riverside in the last 30 days = 317
- Average list price = $212,901
- Average price paid = $219,613
- All cash = 82
- Average list price = $169,446
- Average price paid = $169,091
- Total houses sold (single family homes) in Riverside 31- 60 days ago = 375
- Average list price = $237,617
- Average sold price = $238,656
- All cash = 96
- Average list price = $193,813
- Average price paid = $195,145
Advice to buyers: Listen to your real estate agent when they tell you not to make your offers too low. There are enough buyers out there right now and sellers probably won't have to accept low offers. Read my post about the trends of Riverside CA inventory of houses for sale. Read my previous post about all cash offers.
Call Pedersen Real Estate if you are thinking of buying or selling a house in Riverside or Corona CA. Our phone numbers are 951-840-5212 and 951-906-2852 or contact us by e-mail at vicki@pedersen-team.com or go to our 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.*Buying a House in Riverside CA*
Comments (0)Subscribe to CommentsComment