Blogging Riverside Real Estate: Riverside CA Real Estate Market Report - February 2011

Riverside CA Real Estate Market Report - February 2011

Houses for Sale in Riverside CA - February 2011

Here is information about houses for sale in Riverside CA. The number of houses for sale and in escrow shown here are as of March 8, 2011.  These statistics do not include condos.  This is a breakdown per Riverside zip code but the overall picture for Riverside CA real estate shows a decrease in the number of sales over the last three months.  The number of houses currently for sale has gone up in four of the eight Riverside CA zip codes and six zip codes have experienced an increase in the number of pendings/backup status houses over December. The number of houses that sold (closed) in February compared to January has increased in half of the zip codes. The sold prices went up from in February (compared to January) in five zip codes.     Learn about the number of short sales currently in Riverside.

92501 Feb Jan Dec 
# of houses for sale 93 93 109

# of houses in escrow or taking back-up offers

53 58 44
# of sold houses 16 17 24
Average list price  $180,566 $167,871 $164,241
Average sold price  $180,450 $159,340 $166,675
92503 Feb Jan Dec
# of houses for sale 310 313 333
# of houses in escrow or taking back-up offers 206 194 178
# of sold houses 53 61 86
Average list price $218,898 $207,581 $234,798
Average sold price $217,343 $207,406 $233,340
92504 Feb Jan Dec
# of houses for sale 214 219
176
# of houses in escrow or taking back-up offers 134 128 130
# of sold houses 39 41 63
Average list price  $175,865 $207,992 $212,304
Average sold price $177,122 $204,889 $207,554
92505 Feb Jan Dec
# of houses for sale 121 127 110
# of houses in escrow or taking back-up offers 83 76 74
# of sold houses 24 21 45
Average list price  $204,437 $196,745 $221,188
Average sold price  $201,979 $194,136 $221,079
92506 Feb Jan Dec
# of houses for sale 196 194 175
# of houses in escrow or taking back-up offers 106 100 92
#of sold houses 33 46 42
Average list price $285,713 $236,252 $304,362
Average sold price  $281,658 $231,376 $296,528
92507 Feb  Jan Dec
# of houses for sale 92 88 99
# of houses in escrow or taking back-up offers 58 68 55
# of sold houses 25 21 34
Average list price  $174,642 $179,318 $204,161
Average sold price $170,367 $179,471 $203,226
92508 Feb Jan Dec
# of houses for sale 150 142 137
# of houses in escrow or taking back-up offers 101 93 83
# of sold houses 29 25 42
Average list price  $287,648 $294,996 $281,714
Average sold price  $284,669 $293,048  $279,891
92509 Feb Jan Dec
# of houses for sale 202 200 192
# of houses in escrow or taking back-up offers 156 143 138
# of sold houses 49 52 91
Average list price $191,783 $182,770 $186,770
Average sold price  $188,007 $180,771 $187,015

 (Information is from the MRMLS. It is deemed reliable but not guaranteed.)

There were 268 single family houses that sold in Riverside in February compared to 284 in January and 427 in December, which is a decline that I don't like to see.  We need to get more houses sold in Riverside, particularly the many short sales that are taking so long to get approvals for - a huge frustration for both buyers and sellers.   

2010 Totals for Riverside CA - houses for sale and houses that sold

Corona CA market report

Let me know if you are interested in receiving listings for Riverside CA homes for sale or if you are thinking of selling your Riverside CA home, contact me at 951-840-5212 or vicki@pedersen-team.com. Visit my website, Riverside and Corona Real Estate.

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Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715, Phone: 951-840-5212 
Copyright © 2011 by Vicki Pedersen, All Rights Reserved.*Houses for Sale in Riverside CA - Market Report February 2011*

Comments

Interesting stats Vicki, thanks for posting them, it is appericated.

Posted by Dan Edward Phillips, Humboldt and Del Norte Counties, CA about 1 year ago

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