How is The Riverside Real Estate Market?

Graham & Kelly Levine October 23, 2017

How is the Riverside Real Estate Market?Curious what the Riverside real estate market has been doing lately? You certainly aren’t alone. Newspapers, television, websites, and almost every person you pass on the street seem to have an opinion about the real estate market. Unfortunately, most aren’t based on fact, or they are based on large geographic averages, and not our local Riverside market. What is happening in New York, Florida, or even Los Angeles, isn’t necessarily a reflection on what is happening here, in Riverside. That is why it is so important to get HYPER LOCAL numbers, especially if you are making a decision to sell, or purchase a home. Below we have posted data for the city of Riverside, as it stands today. We will also re-post every 2 weeks- so you can get a good idea what is happening in your home town. If you would like more specific, zip code based numbers- give us a call, or shoot us an email. We can also set up an auto email, so you get up to date numbers, sent to your inbox weekly.

Deciding what to do with your home, or whether or not to purchase a new one, is too big a decision to make, without accurate data. We would be happy to keep you abreast of the changes in the real estate market, so you can make an informed, intelligent, decision.

If you are wondering what all this means for the value of YOUR Riverside home- CLICK HERE to for an instant online home value. Just enter your address and email, and a value report will be emailed to you in seconds!

Graham and Kelly Fine Homes | Graham and Kelly Levine | Carlsbad Real EstateWe are Graham and Kelly Levine, REALTORs and Team Leaders of Graham and The Home Team, and we are here to help. Our job, and our focus, is getting you every single dollar we can for your home. We do this through advanced online and digital marketing, fierce negotiation skills, and local market knowledge that is second to none. Over the past 12 years we have helped 100s of families, just like yours sell for top dollar- and we can help you too!

Call us at 951.534.9296 to get started.

Riverside Real Estate Statistics for Single Family Residences

90-day stats for Single Family properties in
RIVERSIDE, CA as of October 20, 2017
Median List Price:$460,435Average List Price:$545,082
Total Inventory:671Price per Square Foot:$229
Average Home Size:2,069Median Lot Size:9,985
Average # Beds:3.80Average # Baths:2.61
Homes Absorbed:104Newly Listed:103
Days on Market:75Average Age:39

Riverside Real Estate Statistics for Condos/Townhomes

90-day stats for Condo properties in
RIVERSIDE, CA as of October 20, 2017
Median List Price:$292,987Average List Price:$379,439
Total Inventory:40Price per Square Foot:$222
Average Home Size:1,272Median Lot Size:n/a
Average # Beds:2.32Average # Baths:1.78
Homes Absorbed:8Newly Listed:7
Days on Market:81Average Age:47

Median Price of Homes in Riverside

The median price tracks the middle range price of homes in the area. Half the homes have sold for more, and half have sold for less.

How is the Riverside Real Estate Market?

Total Inventory for Riverside

The total inventory tracks how many homes are currently listed for sale, and addresses the issue of “Supply and Demand.” A low inventory, coupled with a low average days on market, indicates that the supply isn’t keeping pace with demand. An increased inventory, with increased days on market, means there isn’t sufficient demand for the number of homes currently for sale.

How is the Riverside Real Estate Market?

Average Days on Market in Riverside

The average days on market tracks how long it takes for a home to sell. Shorter days on market indicate a decrease in inventory, and more demand.

How is the Riverside Real Estate Market?

Market Action Index for Riverside

The market action index answers the question “How’s the market?” by measuring the current rate of sales versus the amount of inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

How is the Riverside Real Estate Market?

 

For more information on Riverside real estate, the housing market, and homes for sale- contact Graham and The Home Team at (951)534-9296, or email us at info@grahamandthehometeam.com.

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