Riverside CA Real Estate Activity - 11/7/11
|
As of November 7, 2011 |
Active Listings |
% of Total | Pending Listings |
% of Total | Sold Listings (in the last 30 days) |
% of Total |
| Standard Sales |
447 |
40% | 156 |
22.7% | 103 |
33.6% |
| Bank Owned Sales (REO) |
167 |
15% | 174 |
25.3% | 105 |
34.3% |
| Short Sales |
505 |
45% | 346 |
50.3% | 98 |
32.0% |
| Other |
4 |
.035% | 11 |
1.6% | 0 |
|
| Total |
1123 |
687 |
306 |
People are often curious about what is happening in real estate in their community. Here is a snapshot of real estate in Riverside CA. This chart includes listings and sales of single family residences only. Short sales are still the dominating force of the market right now based on the continuing high numbers of short sales for sale and pending short sales. (I did not include the many short sales in back-up status currently in this chart.) There are also a lot of standard sales and many of those are flip properties. Flips are where investors buy houses (usually short sales and foreclosures) fix them up and then put it on the market for sale. They can be wonderful for buyers who don't have the time or cash to fix up a house themselves, particularly first time buyers. Severall of my buyer clients have bought flips in 2011. They can have some unique challenges with financing, though. I particularly like to show flipped houses to my first time buyers.
And here is a little more information on Riverside CA real estate, 344 houses/condos were sold during October 2011. The average list prices of those sold houses was $210,171. Compare this to the average sold price of $205,256.
Check out Corona CA real estate activity
If you are thinking of buying or selling a home in Riverside or Corona or other nearby Inland Empire cities, contact me at vicki@pedersen-team.com. Visit my website. Search thousands of properties for sale.
Written and posted by: Vicki Pedersen, ABR, GRI Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715
Copyright © 2011 by Vicki Pedersen, All Rights Reserved.*Real Estate Activity - Riverside CA *
