Riverside Short Sales and Foreclosures
Read my post about the current real estate market in Riverside.
There are still lots of foreclosures and short sales in Riverside California. I don't believe we will see a decrease in the numbers of these distressed properties for some time. In fact, I read today that Riverside County led the state in foreclosure activity during the first three months of this year, according to RealtyTrac. They report that one in 34 households was in some stage of foreclosure in Riverside County during the first quarter of 2010.
February 1, 2010 - March 31, 2010 -- Riverside (city not county)
Sale of foreclosure homes Total = 317
Average list price = $192,648
Average sold price = $196,598
Average number of days on the market = 32
Sale of short sales Total = 200
Average list price = $207,323
Average sold price = $207,223
Average number of days on the market = 120
Thinking of doing a short sale? Read this post about short sales. Call Pedersen Real Estate if you are thinking of buying or selling a house in Riverside CA or anywhere in the nearby cities. You can reach us at 951-840-5212 or send us an e-mail at vicki@pedersen-team.com Visit our website - Pedersen-Team.com Written and posted by Vicki Pedersen, Pedersen Real Estate, DRE# 01435175. Copyright © 2010 by Vicki Pedersen, All Rights Reserved.*Riverside Short Sales and Foreclosures*
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