Lake Hills Reserve Real Estate Update

By
Real Estate Agent with KB Home Bre # 01424127

lake hills reserve signLake Hills Reserve Real Estate Update - July 2012 provides current information for buyers and sellers interested in the 750 acres of a masterplanned mountaintop community. Nestled among the rolling hills this community offers panoramic city views, beautiful sunsets and glimpses of the sparkling blue waters of Lake Mathews.

This is a beautifully designed community which includes 500 acres of reserved green space, parks and hiking trails. The HOA fees support an Olympic size pool, picnic area and pavilion with fire pit.

Lake Hills Reserve Real Estate Update

Active Listings: 10 (8 Standard Sales - 5 are new construction - 2 Short Sales)

Pending Sales: 8 (3 Standard Sales, 5 Short Sales

Closed Sales: 2 (1 Short Sale, 1 Standard)

Average price $394,475  Average price per square foot $117

What does this mean for you?mountain, trees, sky

The active listings reflect an increase in the number of Richmond American Homes at Cielo entering the market. Savvy real estate investors often follow the lead of builder's. The builder's spend a lot of money on reports and research providing information buying and selling of their homes. Richmond is releasing a larger number of homes and have shown price increases which improves the value of homes in the Lake Hills Reserve.

Of the two closed homes last month the standard sale was a new construction home which sold for $429,000. The home has 3053 square feet with a 15,682 square foot lot (larger than the average lot.) Price per square foot - $140. 

building, fire pitHowever following the path of new home construction can be a tricky business. If you are considering selling your Lake Hills Riverside home the assistance of an experienced Realtor is recommended. I suggest visiting the model homes, they are a big part of your competition, notice the pristine condition of a brand new home. Carpets are new, windows sparkle, curb appeal invites you into the home.

A current active listing (listed at $600,000) will help to increase the value of the neighborhood, depending on the final negotiated sales price.

Understanding the current fair market values, one tool is to utilize my Lake Hills Reserve Real Estate Update, will assist buyers and sellers to make informed decision.  

Call me for a buyer or seller consultation, I would enjoy assisting you! pool, clubhouse, trees, mountains

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If you are considering  buying or selling new construction in the Inland Empire ~ Give me call or email me 

Cause We Like Em' New!

 

Kristal Wilson                                           

cell: 951- 288-7079

Shoot for the moon & if you miss you'll be among the stars

 

 

Comments (1)

Kathie Burby
Coldwell Banker Mother Lode Real Estate - Sonora, CA
REALTOR, SFR, Tuolumne County Real Estate Guide

Kristal - nice to hear the market is improving there and still some great deals to be had.

Jul 10, 2012 07:30 AM