Riverside Real Estate Market Comparison Report (february 2009 Vs. February 2010)

We analyze several housing market indicators in order to present an in-depth breakdown

of Riverside Real Estate Market comparing February 2009 to February 2010.

Summary of Key Points

Key Statistics, Riverside, CA: Median Sales Price (21.10%), Median Days on Market (39.61%), and Number of Units Sold (-20.16%), Sales Price to List Price Ratio (Feb 09 95% - Feb 10 98%)

Median Sales Price for Riverside homes has increased. However the lack of inventory has caused slowing down in units sold and increases in the median days on market. Sellers recovered 98% of the sales price as compared to 95% last year.

Riverside Real Estate

The city of Riverside experienced a 21.10% increase in median sales price from last year going up from $198,090 (Feb. 09) to $239,895 (Feb. 2010). Median days on market data for Riverside show that houses are selling slower than Feb 09. It took 42 days in Feb 09 for a house to sell and for Feb 10 that number has gone up to 59 days (39.61% deterioration). Another important factor to consider is total number of units sold. In the month of Feb 09, 387 units were sold compared to 309 for Feb 10 (-20.16% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Riverside. SP/LP ratio for Feb 09 was 95% compared to 98% for Feb 10.

Lets take a brief look at neighbors Corona and Redlands. Corona Real Estate featured a 4.53% increase in median sales price ($316,555 Feb 09 - $330,880 Feb 10) and Redlands Real Estate saw a -31.46% decrease ($368,506 Feb 09 - $252,576 Feb 10). Are houses in Corona and Redlands selling faster or slower this year? Well, Corona experienced a 38.83% increase (42 to 58 days) in median days on market and Redlands saw a 5.72% decrease (57 to 54 days). In the units sold category, Corona sold 80 units less (-26.58%) in Feb 2010 than 09 and Redlands sold 4 units more (11.11%) in Feb 2010 than Feb 09.

Consult latest research and find Homes in all major cities in California including Riverside Real Estate, Corona Real Estate, Redlands Real Estate.

You can also access Riverside Real Estate for viewing the latest market inventory

Homes for sale for MLS Search,

Bank REO / Short Sale Search

Foreclosure Search ( Outside MLS)

Just Listed Properties

Income Properties (1-4 units)

Condo searches

New Construction Homes

In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.

by: Shaye P

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