Riverside Houses for Sale – Corona Houses for Sale - Riverside CA Real Estate
Welcome to your one-stop source for Riverside CA homes for sale, Corona CA homes for Sale, Lake Elsinore Homes for sale, Moreno Valley homes for sale, Murrieta homes for sale and local information about Riverside CA real estate, Corona CA real estate, Lake Elsinore real estate, and Murrieta real estate. Whether you are a buyer or seller, if you are looking for information about real estate, this is the place to be .
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ALERT!
Mortgage rates are at a 40-year low, home affordability in Riverside and Corona and throughout the Inland Empire is better than it has been in years, there are a lot of terrific houses for sale to choose from, and rents are on the rise in more than 500 cities across the US. Could there possibly be a better time to buy a home for you and your family or to invest in real estate?
The foreclosure pipeline is filling again as the delays in processing - which have artificially lowered foreclosure filings over the past year - are now being lifted. More foreclosures mean more inventory and a higher demand for rental units among former homeowners. Considering the increasingly pronounced stock market volatility, residential real estate has risen to the forefront as one of the most solid investments available. To get started on your home search, call us today.
Riverside CA Real Estate Activity - November 7, 2011
| 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 (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 |
Here is a snapshot of what is currently happening in Riverside CA in residential real estate. 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 - where an investor has bought the house, fixed it up or rehabbed it, 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, particularly first time buyers.









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