Eastvale Market Report - August 2012

By
Real Estate Agent with Diamond Ridge Realty

Eastvale Market Report:

Home Size Bracket Sq Ft Sale Price $/SqFt
Under 2500 Sq Ft 2102 $320,500 $155
2501 - 3000 2749 $342,400 $125
3001 - 3500 3258 $360,300 $111
3501 - 4000 3713 $389,200 $105
4001+ 4207 $429,200 $102
Overall Average 3037 $357,700 $122



Sale Type Sq Ft Sale Price $/SqFt
Short-Sale 3102 $333,800 $110
Bank-Owned 3202 $364,300 $117
Standard Sale 2907 $376,900 $135



All average figures are based on MLS data and were sales of the past 90 days sourced on August 25, 2012.

As expected, price-per-square foot decreases for larger homes and increases for smaller homes. Also expected is a discounting pattern for distressed homes. The discount for short-sales is larger than what would generally be expected but might be explained by increases in home prices that are already taken into account with standard sales and bank-owned properties that have shorter sales cycles.

As of September 22, 2012 there are only 62 active MLS listings in Eastvale (9 with pools). Our MLS sales during the last 30 days were 79 homes sold. We have been running at a below-one-month inventory of active listings for many weeks. A balanced real estate market is generally considered to have a 4-to-6 months supply of available homes compared to the sales rate. For Eastvale this would equate to 300-450 available homes based on our current sales rate.

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Comments (7)

Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Michael -- inventory is low and prices are quite competitive.  It's time for homeowners who are thinking of moving to give you a call in Eastvale.   Have a great weekend.  

Oct 12, 2012 06:59 AM
Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Michael, Great to hear your market is low on inventory that is a good sign unless you're working with a Buyer then it's call all the expired/withdrawn or door knock to ask if they would like to sell. In Austin we're getting daily emails asking if we have pocket listing in desired areas. 

Have a great day and much success for a productive weekend. 

Mar 07, 2013 09:55 PM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Very good explanation. I guess   "economy of scale" applies to construction as well.  An additional amount cosst less than the base expense.

Apr 15, 2013 10:04 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Great market report for Eastvale, and valuable information for those buyers and sellers looking to get into the real estate market.

May 16, 2013 10:56 PM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORSĀ® in Clark County, WA

Thanks for the visit to my blog - you must be busy!

I see you need to write a blog. :)

May 18, 2013 01:53 AM
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Eastvale is doing fairly well right now!  Hope the numbers continue to improve.  

Jul 16, 2013 07:29 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Great market report for Eastvale, and shows your expertise in the area!

Mar 23, 2014 02:23 AM