Riverside CA real estate market report - January 2010
Riverside CA residential real estate is still moving up and down. The prices in five out of the eight zip codes are down from Dec 2009. I think that we see some larger variances in sold prices due to bank-owned houses. Increased numbers of bank- owned houses that go on the market in a particular zip code will drive the prices in that zip code down. Some good news that I see this month is that in all zip codes, number of houses in escrow is up, even significantly up in several zip codes from the lows in December. The number of active homes and homes in escrow listed here is as of February 2, 2010.
Real estate in Riverside continues to be ever-changing and ever-exciting - at least for me it is. It is still a great time to buy - with the low housing prices and very low interest rates. Depending on how much equity a person has, it can also be a good time to sell as there are more buyers right now and the inventory of available houses is pretty small.
| 92501 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 74 | 61 | 58 |
| Number of houses in escrow | 46 | 44 | 61 |
| Number of sold houses | 23 | 26 | 17 |
| Average list price of solds | $164,296 | $180,313 | $159,010 |
| Average sold price of houses | $164,609 | $182,482 | $159,571 |
| 92503 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 209 | 231 | 223 |
| Number of houses in escrow | 236 | 158 | 222 |
| Number of sold houses | 65 | 101 | 79 |
| Average list price of solds | $207,235 | $211,336 | $267,985 |
| Average sold price of houses | $211,538 | $215,573 | $266,218 |
| 92504 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 150 |
150 | 143 |
| Number of houses in escrow | 140 | 95 | 149 |
| Number of sold houses | 35 | 65 | 51 |
| Average list price of solds | $213,427 | $192,669 | $192,825 |
| Average sold price of houses | $219,943 | $199,746 | $198,801 |
| 92505 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 60 | 62 | 64 |
| Number of houses in escrow | 119 | 90 | 115 |
| Number of sold houses | 28 | 44 | 32 |
| Average list price of sold houses | $175,443 | $194,443 | $197,873 |
| Average sold price of houses | $178,304 | $194,584 | $203,365 |
| 92506 | Jan 2010 | Nov 2009 | Nov 2009 |
| Number of houses for sale | 153 | 135 | 118 |
| Number of houses in escrow | 97 | 64 | 142 |
| Number of sold houses | 25 | 50 | 35 |
| Average list price of solds | $282,396 | $318,464 | $302,812 |
| Average sold price of houses | $263,004 | $315,251 | $299,347 |
| 92507 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 81 | 77 | 76 |
| Number of houses in escrow | 64 | 45 | 79 |
| Number of sold houses | 24 | 38 | 14 |
| Average list price of sold houses | $191,917 | $176,031 | $211,979 |
| Average sold price of houses | $193,074 | $173,220 | $206,817 |
| 92508 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 88 | 86 | 81 |
| Number of houses in escrow | 98 | 71 | 111 |
| Number of sold houses | 37 | 47 | 29 |
| Average list price of sold houses | $290,126 | $280,026 | $295,473 |
| Average sold price of houses | $298,558 | $280,943 | $301,777 |
| 92509 | Jan 2010 | Dec 2009 | Nov 2009 |
| Number of houses for sale | 195 | 182 | 158 |
| Number of houses in escrow | 177 | 135 | 203 |
| Number of sold houses | 50 | 77 | 54 |
| Average list price of sold houses | $146,148 | $169,713 | $156,678 |
| Average sold price of houses | $149,558 | $173,796 | $160,769 |
Posted at 09:55AM Feb 02, 2010 by The Pedersen Team in Real Estate | Comments[0]
