Lake Hills Reserve Riverside June Real Estate
We are half way through 2012, a year that is witnessing interesting changes in the real estate landscape. The big news in the Lake Hills Reserve is new construction! Wait until you see the numbers.
Located in a beautiful hill top community Lake Hills Reserve consists of new and newer homes. The 750 acre masterplanned reserve is set among the rolling hills of west Riverside bordering on the city of Corona. Boasting a new elementary school, community pool and several parks the community combines a rural type living (expansive lots) with easy access to Orange County and the Inland Empire.
Active Listings: 10 (7 Standard Sales - 3 New Construction -, 5 Short Sales)
Pending Sales: 8 (4 Standard Sales, 4 Short Sales)
Closed Sales: 10 (9 Standard Sales, 1 Short Sale)
What does this mean for you?
The market has changed dramatically in a few short months. As we hit the half year point standard sales have increased. Sellers with equity are putting their homes on the market. New construction is on fire; of the ten closed transactions six were new construction. This is great news for homeowners as the average price has increased $407,000 with an average price per square feet of $132 for homes in theLake Hills Reserve. (January's avg. price per sq.ft was $115.) This number is important as it provides a base for calculating the value of your home. However views, size of lots, amount of upgrades will also impact the value of your home.
The big news in Lake Hills Reserve home sales is the increased sales in new construction at Cielo by Richmond American Homes. More buyers are seeking standard sales after becoming frustrated with short sales or bank owned sales.
Homeowners interested in selling their Lake Hills Reserve homes require an experienced agent who has studied the real estate trends. My monthly Lake Hills Reserve Riverside Real Estate Report contains up-to-date information for buyers and sellers.
Buyers interested in purchasing a Lake Hills Reserve homes should utilize the services of an agent familiar with the area, homes and trends in order to be successful in obtaining the best deal.
Call me if you have questions or need assistance. Let my expertise work for you!