Real Estate Market Snapshot for Riverside CA

March 2015

                                SOLD

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?

 

Riverside CA homes for sale - view from The Orchard