Real Estate Market Snapshot for Riverside CA
Year # of Houses & Condos Avg Listing Price Avg Sold Price
2015 277 $346,021 $341,212
2014 277 $317,132 $313,520
2013 328 $261,586 $261,819
2012 410 $214,644 $211,799
Here is just a quick snapshot of home and condo sales in Riverside CA comparing March of this year to the same time period for the previous three years. It is very interesting that the number of sales was much higher in 2012 than 2014 and 2015 - but the prices have gone up significantly. In fact, prices increased 61.1% from March 2012 to March 2015. We can't help but wonder if the higher prices nowadays is resulting in fewer sale because fewer buyers can afford to buy?