Eastvale Real Estate Boom and Bust - Eastvale, California

By
Real Estate Agent with The Homefinding Center CA BRE #01344132
Eastvale Real Estate, A Great Opportunity For Families and Investors!

In the early 1990s at the beginning of the blastoff, the community of Eastvale, Ca morphed from a farming community into a commuter community.

Eastvale was no different from towns and cities up and down the coast and across the nation as home prices in the cities climbed, and as they climbed subdivisions gobbled land that for decades had been a major provider of milk, cheese, butter, and vegetables to our hungry nation.

In 1980 Eastvale’s population was 1,599; in 2000, it was 6,011; and then over the next ten years it exploded until today Eastvale boasts 47,635 residents.

It was built during the market’s climb when urban refugees from Los Angeles and Orange counties bought homes on the way to the market’s peak. Today they’re paying the heavy price of foreclosure and short sale.

In the worst economy since the Great Depression of 1929, the newly incorporated bedroom community of Eastvale has been hit hard by the real estate bust. Home values have plummeted fifty percent from an average home price of $601,000 in June 2006 to $304,000 in June 2009.

As of December 11, 2010, there are forty-nine foreclosed homes on the valued between $201,900 and $465,000 and 476 short-sale homes priced from $99,000 through $5,000,000 with an average asking price of $387,455.

Investors…The time is now! It doesn’t get much better than this. Interest rates are down, the prices of homes are half what they were five years ago, the market is flooded with low-cost housing, and banks are beginning to loosen the purse strings for “well-qualified” buyers.

The homes are ten or eleven years new, the new-construction kinks have been worked out, the infrastructure is in and functioning, and due diligence will show that some of the best deals of the century are waiting for the right buyer in the newly incorporated Eastvale.

About the author: Cameron Novak is a real estate broker in the Inland Empire of Southern California. If you need assistance from an Eastvale Short Sale Agent or Corona Short Sale Agent, please call 951-212-7479 or email CameronNovak@TheHomefindingCenter.org.


Here are some of my previous articles:
Looking for a Corona Short Sale Agent?
Creative Marketing From Monkeylectric - Very Cool
If You Have Two Jobs, You Haven't Mastered Either Of Them
Corona, California Short Sales and YOU
What Is Title Insurance You Ask? Here's An Explanation.
Call The #1 Corona Short Sale Agent Team Today - It's FREE
How is my yearly Mello Roos special tax assessment calculated?
One Minute Coaching Session - Do this and you'll go far...
How much should I offer for the house I want to buy? Not to worry...
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Cameron Novak, Eastvale Real Estate Agent
Cameron Novak

Eastvale Short Sale & Eastvale Real Estate Agents
The Homefinding Center
TM
Serving Corona / Eastvale, California and Surrounding Areas
951-212-7479

Homes for sale in Corona, California

© Copyright 2010 by Cameron Novak.


Here are some helpful Corona/Eastvale, California website links:

Our team specializes in Short Sale Negotiation and can assist you with a purchase or sale of any home in Corona (including neighborhoods of Eastvale, Sierra Del Oro, El Cerrito, Corona Hills, Corona Ranch, Dos Lagos, Wild Rose, Trilogy, Sycamore Creek, Horsethief Canyon, The Retreat, Mountain Gate), Chino Hills, Riverside (specializing in Orangecrest), Lake Elsinore, Mira Loma, Eastvale, Chino, Yorba Linda, and surrounding communities.

Comments (2)

Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

I like your Corona local short sale market articles, and it looks like you are located well for real estate investing.

Dec 17, 2010 04:08 AM
Cameron Novak
The Homefinding Center - Corona, CA
Featured Corona Real Estate Agent Team

Harrison - thanks for stopping by to read my Eastvale article.

Dec 17, 2010 08:12 AM