Orangecrest Riverside Real Estate
Update - November/December 2012
Traditionally the holiday season results in a slow down of real estate activity. Not true in the Orangecrest Riverside neighborhood. More transactions are in escrow, more homes closed and more listings for sale. More is the word for Orangecrest.
Orangecrest Riverside Real Estate provides information on a masterplanned community with homes built from the 1980's forward. Orangecrest is a tract community dotted with parks, shopping and newer schools. The Orangecrest Park is host to the junior league baseball team, soccer games and a community center which houses meeting rooms and a library.The widely recognized school district has been the recipient of several awards and statewide recognition, from the elementary schools through the Martin Luther King High School.
Active Listings: 14 (7 Standard Sales, 4 Short Sales, 3 Bank Owned)
Pending Sales: 75 (Continues to be a large number as short sale transactions are in this group)
Closed Sales: 34 (17 Standard Sales, 12 Short Sales, 5 REO's)
Average sales price - $307,000 (an increase over last month) Average price per square foot - $118 Average Days on the Market - 47
What does this mean for you?
The number of homes in escrow, claiming a pending or back-up status, doubled during the months of November and December. More transactions, more buyers and more sellers! Prices continue to increase as closed homes ranged from $205,000 - $405,000. In comparison the active listings range from $260,000 - $499,000.
Buyers seeking a home in Orangecrest Riverside are able to select from new construction homes found at Mission Grove built by Standard Pacific Homes, standard resale homes and distressed sales.
Sellers may consider listing their homes early in the year as they will have less competition. By utilizing a few staging recommendations to enhance the curb appeal and a well maintained interior, sellers should receive solid offers for the purchase of their home.
This monthly Orangecrest Riverside Real Estate update is provided for buyers and sellers with an on the ground analysis of current trends.
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Orangecrest - families, palm trees and orange groves!