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Riverside, CA Real Estate News

By Deborah Nance, Southern California , Reverse Mortgage Specialist
(Orange County, Corona, Riverside, Los Angeles)
. Today was too beautiful to work either around the house or around my reverse mortgage office. It's always fun to see what an unplanned day will bring. Today for me, it brough a grand old lady, The Heritage House on Magnolia Avenue in Riverside. First we dropped off my teenage daughter to go horseback riding with her BFF in Norco.  Then we took off for a drive.    We drove up Hillside in Norco to California street then East to Van Buren. The sky was so clear you could see forever.  Proceeding north towards Central we noticed a plume of black smoke. A fire had broken out (seems they always do on these beautiful dry windy days). It looked to be in Rubidoux area.  !   After scrumptious sandwich at Subway - we were driving down Magnolia and I noticed out of the corner of my eye that the He...
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By Brian Bean, Homeowner Advocate, Dream Big Team, S.Calif
(The Dream Big Team at Better Homes and Gardens Real Estate Champions)
Nearly 1 in 2 homes in the Riverside-San Bernardino metropolitan area is worth less than the money owed on it, according to data released this week by online real estate data provider Zillow. Nationwide, nearly 1 in 4 (23.2 percent) homes had mortgages that were underwater in the third quarter of this year, up from 22.5 percent in the second quarter, Zillow reported. In the Inland Empire, 48.1 percent of homes are underwater. Zillow also indicated U.S. home values decreased 4.3 percent to $179,900 in the third quarter from the previous year, while values remained flat at $193,300 in the Riverside-San Bernardino metropolitan area. Home values have dropped nearly 25 percent nationwide, according to Zillow, but 52 percent in the Inland Empire. “The high percentage of homeowners in negative...
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By Melanie Serrato, CA Realtor - Corona-Norco-Eastvale Homes
(Melanie Serrato, Rawlings Realty ~Corona, Norco, Eastvale Ca)
                                                    The Riverside Plaza will be holding its annual tree-lighting ceremony on Friday, November 19th, 2010 from 7-9pm.  As part of the kick-off to the Christmas season in Riverside, there will be a parade, along with a visit from Santa himself.  The Riverside Concert Band will provide holiday music to get everyone in the mood for the celebration.  The Riverside Plaza is a large shopping center, located at 3545 Central Ave in Riverside, CA.  Built in 1955, the shopping center underwent extensive renovation over several years to become one of the premiere shopping and entertainment centers in the area.  They often host musical events and close off the "Main Street" promenade to allow visitors to enjoy an old-time social gathering atmosphere. T...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Riverside CA Houses for Sale - October 2010  Read on for information about the Riverside real estate market and Riverside CA houses for sale. The number of houses for sale and the houses in escrow shown here are as of November 9, 2010. Condos are not included in these statistics. The number of houses on the market continues to increase overall - which hopefully is taking some of the pressure off the buyers who have been trying to get offers accepted.  In all but two zip codes, the number of houses that sold in October decreased. Things seem to be slowing down a bit with home sales. I sure would rather see the number of solds increasing rather than going down.  But a slow down this time of year is fairly normal.  92501 Oct  Sep Aug  # of houses for sale 91 88 79 # of houses in escrow or ...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Riverside Home Sales Totals for September and October 2010 2010  (Single family homes and condos) September October Total homes sold 373 357 - Standard sales 131 128 - Short sales 95 104 - Bank-owned (foreclosures) 149 125 Also, out of the 730 homes/condos that sold, 204 were all cash transactions, which is 28% of all sales.  Compare with Corona's totals of sold houses Details of the Riverside CA housing market Let me know if you are interesting in receiving listings for Riverside CA homes for sale or if you are thinking of selling your Riverside CA home. Visit my website, Riverside4Homes.com Search Riverside CA homes for sale                          Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715, Phone: 951-840-5212 Copyri...
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By Deborah Nance, Southern California , Reverse Mortgage Specialist
(Orange County, Corona, Riverside, Los Angeles)
Reverse Mortgage Question from Riverside, CA  - What happens to the reverse mortgage when I die?Will the bank just take over the house? A lot of people are under the assumption that when the last homeowner dies, the house just reverts to the bank.  That is absolutely wrong! A reverse mortgage is just a mortgage, a lien on the property and as such the lender will follow the terms set out in the deed of trust and loan agreement.  Basically here's what happens -  When the last borrower passes away, the loan becomes due and payable 6 months from the date of death of the last borrower. There are no monthly payments required on the loan.  The home itself becomes the property of the “estate”*.  Heirs will have 6 months to decide how they want to payoff the loan.  Some will refinance the home,...
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Beautiful Turnkey Pool Home in Riverside on a 1/2 acre lot! Overview Maps Photos Description Market Stats $360,000 Single Family Home Main Features 6 Bedrooms3 Bathrooms1 UnitInterior: 2656 sqftLot: 20,038 sqft Location 8976 Chifney LaneRiverside, CA 92509USA To get updates on open home dates and other property events, please click the "Like" button below: Tom Bashe (951) 491-5052tom@scarealestate.comhttp://www.allabouttemecula.com Listed by: David Robinson ~ Sca Real Estate Our recent listings Beautiful Turnkey Pool Home in Riverside on a 1/2 acre lot!Beautiful Turnkey Pool Home in Hemet!Turnkey Whitter Single Story Probate Sale, Fully Rehabbed!Single Family Residential for $229,900 in La Quinta, CABeautiful Standard Sale in Winchester! Subscribe to our listing feed Nearby properties ...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Homes for Sale in Riverside CA Below are my favorite 10 listings under $250,000 of homes currently for sale in Riverside, CA. This list is for active listings on October 26, 2010.  No short sales were included in this list.4080 Lorita -  $155,000 -- 1506 sq ft3670 Franklin -   $159,900 -- 1274 sq ft3204 Kelisa -  $159,900  -- 1843 sq ft9316 California -  $169,000 -- 1418 sq ft3269 Rubian - $189,000 -- 2614 sq ft5638 Mapleview - $199,000 -- 1703 sq ft11235 Stillwell - $212,000 -- 1378 sq ft6020 Boswell -  $215,000 -- 1555 sq ft2952 Constellation  - $226,900 -- 1660 sq ft14161 Vista Grande - $249,000 -- 2173 sq ftSearch homes for sale in Riverside CA If you are thinking of buying a home in Riverside CA, prices are low and the interest rates are very low.  If you are secure in your employm...
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By Cameron Novak, Real Estate Broker since 2008
(The Homefinding Center)
Don't miss the fun at Bobby Bonds Park Mark your calendar for fun!  Join your Riverside neighbors at Bobby Bonds Park this Friday, October 22nd from 5 to 8pm for a thrilling night of Jumpers, Carnival Games, Crafts, Food, and Live Entertainment.  Be sure to wear your favorite Halloween Costume and join in the Best Costume contest.  ADMISSION IS FREE! Please Note: The Food, Games, and Activities will be available for a nominal fee.  This extravaganza is for fun seekers of all ages. Bobby Bonds Park is located at 2060 University Avenue (University & Douglass).   Your Riverside Real Estate Agent, Cameron Novak, Broker Riverside Short Sale Agent The Homefinding CenterTM Serving Riverside, California and Surrounding Areas 951-212-7479 © Copyright 2010 by Cameron Novak.   Here are some helpf...
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HAFA implemented by the Treasury Department, revised to be effective April 5, 2010 and sunsets on December 31, 2012. To provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP).Home Affordable Foreclosure Alternatives Program HAFA-Short Sale Help with (Home Affordable Modification Program HAMP) is helping homeowners in Corona, Perris, Riverside, Ca. to avoid foreclosure whose loan modifications have been canceled. A “short sale” is specifically designed to help borrowers in Corona, Perris,Riverside, Ca. who are unable to afford their mortgage and want to sell their home to avoid foreclosure, even if the sale price may not pay off the amount owed on their mortgage. A short sale in Corona, Perris,Riverside,...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Riverside CA Houses for Sale - September 2010  Read on for information about the Riverside real estate market and Riverside CA houses for sale. The number of houses for sale and the houses in escrow shown here are as of October 12, 2010. This information includes single family houses only. There are more active listings in most of the zip codes than the previous months. Prices have been fairly consistent except for 92504, 92506 and 92508 where there have been significant changes. There is a foreclosure moratoreum from some of the major lenders right now.  It will be interesting to see how that impacts the housing market.   92501 Sept Aug July  # of houses for sale 88 79 74 # of houses in escrow 70 74 77 # of sold houses 20 21 26 Average list price  $178,301 $176,810 $172,104 Average sol...
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By Brian Bean, Homeowner Advocate, Dream Big Team, S.Calif
(The Dream Big Team at Better Homes and Gardens Real Estate Champions)
We had a really good day today. After months of wrangling and paperwork, our new real estate brokerage, Dream Big Inc. (DBA Dream Big Real Estate), received its California Dept of Real Estate licensing. We are excited about the new opportunities ahead as we zero in on helping distressed families navigate the short sale and loan mod terrain, and assist other agents to negotiate the best possible solution for their clients. Here's a link to our website: http://www.DreamBigRealEstate.com If you know someone who is having difficulties keeping up with their mortgage payments, call us immediately. We will explain all of your options to avoid a foreclosure, whether you want to stay in your home or sell it. DRE Lic. #01889132, Baby!
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By Ron Holborn, Commercial & SFR, Anaheim CA, Real Estate & Short
(Short Sales, Foreclosures, Rentals, Income Real Estate)
Riverside, CA. – Homes for Sale - $100,000.00 or Less – Rental – Lease – Investments Properties.  Here are some great investment opportunities in Riverside, Ca. where homes are for sale under $100,000.00.  These are ideal properties for 2 - 3 buyers to purchase together to rent or lease out for investment purposes.             Riverside, CA. – Homes for Sale - $100,000.00 or Less        I can help, give me a call at 714-469-8198 or email me at Remaxron88@hotmail.com to discover my successful and effective tactics for purchasing/investing in a home for sale in Riverside, CA. for under $100,000.00 in this accelerated and zealous buyer's market.                  
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By Denise Gentile, REALTOR , Riverside County
(Coldwell Banker Associated Brokers Realty)
The Riverside Parks and Recreation Department, and Community     Services Department will be hosting the 5th annual Mariachi Festival. Where: Fairmount Regional Park – 2601 Fairmount Blvd. Riverside. When: September 25, 2010Time: 3:00-9.00 p.m. Admission: Adult $15 each the day of the event.Children under 12 are FREE This event will showcase Hispanic culture and the genre of Mariachi music.  Featuring performances by nationally known Mariachi groups, such as Mariachi Reyna de Los Angeles, Ballet Folklorico del sur de California, Sol de Mexico Ballet Folklorico, and Ballet Folklorico de Riverside. You won't want to miss all the fun and excitement this festival is sure to bring!  For more information please call 951-826-2000. Copyright © 2010 by Denise Gentile  
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
  LAKE HILLS  - Riverside California Lake Hills is a wonderful community in the southwest part of Riverside.  It is located close to schools, shopping, the freeway and a Metro station. It is in zip code 92503.  Homes here were built over a number of years from about 1988 through 2000. Lake Hills Reserve is not included in this post.  Read about Lake Hills Reserve.  The homes range in size from about 1200 sq ft up to about 3000 sq ft. Lot sizes vary from quite small up to as large as a half an acre. There are many outstanding mountain and city light view houses, tree lined streets, several community parks, and even a fire station is located in Lake Hills.   Lake Hills is in the Alvord School District and the children here attend the following public schools: Lake Hills Elementary, Villeg...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
  Victoria Grove - Riverside CA Real Estate Here is an update on what is happening currently with  Victoria Grove Riverside CA real estate.  This information is as of September 15, 2010. Several of the standard sales are foreclosed houses that were bought are now being re-sold or flipped. Active Listings There are 28 houses currently for sale on the multiple listing service right now in Victoria Grove in Riverside California - which is a lot more than the 16 active houses on the market about a month ago.  Of the houses currently for sale, 15 are short sales, five are bank-owned (foreclosure) and eight are standard sales. The least expensive house currently for sale is listed at $274,00 and the highest price Victoria Grove home is listed at $499,000.  Search Riverside CA real estate Hous...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
The Orchard  - Riverside California The Orchard and Orchard View are two  beautiful and very unique neighborhoods in the southwestern part of Riverside California.  There are about 250 homes in The Orchard Riverside which range in size from about 1800 sq ft to a little over 2500 sq ft (and a few larger houses that have been expanded) and almost 100 homes in Orchard View. The homes in Orchard View (which is adjacent to The Orchard are newer and larger - generally built from 1999 to 2001. For this report, I'm including both together.    The Orchard - More Info The Orchard Houses for Sale Active listings:   As of September 6, 2010 there are six houses currently for sale - all standard sales - in The Orchard.  They range in size and price from a 2143 sq ft home listed at $415,000 up to a 47...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Riverwalk - Riverside CA Riverwalk - Riverside CA is a beautiful community in the southwestern part of Riverside California. It is in a convenient location close to the 91 freeway, near Pierce and Collett. It is also close to shopping, schools and La Sierra University. Riverwalk homes were built over several years - from about 2001 through 2005.  Riverwalk - Riverside CA   Real estate market in Riverwalk Riverside CA. Active listings:As of September 6, 2010 , there are currently 16 homes  listed as active on the multiple listing service. Eleven are short sales, two are bank-owned houses (REO's) and three are standard sales.  The least expensive Riverwalk home for sale right now is a 1532 sq ft house listed for $200,000. The most expensive Riverwalk home for sale is a 4252 sq ft home lis...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Real Estate - Riverside CA - August 2010  Read on for details on the real estate maket in Riverside CA CA and houses for sale. The number of houses for sale and the number of houses in escrow shown here are as of September 4, 2010. This information includes single family houses only. There are generally more active listings in most of the zip codes than the previous months.  Most ZIP codes have decreases in the number of houses that went into escrow and the number of houses sold.  The increases in houses on the market is good for buyers - so hopefully it will be a little easier getting offers accepted - which may mean good news for discouraged buyers.  Corona real estate market. 92501 Aug July June  # of houses for sale 79 74 64 # of houses in escrow 74 77 76 # of sold houses 21 26 21 A...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Wood Streets - Riverside - Homes for Sale Sept 2010 The Wood Streets area in Riverside California is the popular name for a group of adjacent residential subdivisions that make up about a square mile in area that is near downtown Riverside. Many of the streets have “wood” in their names; Larchwood, Beechwood, Elmwood, Linwood, Oakwood, Rosewood.  It is also close to a terrific shopping/dining area - The Riverside Plaza.   Most houses built in the Wood Streets Riverside were built in the 1910's through the 1920's. The rest were built in the 1930's, 1940's and a few in the 1950's. The neighborhood has a cross-section of different style homes that are both diverse and good-looking, but are fairly compatible in scale, tone and age. My favorite style home which is common in the Wood Streets ...
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