Riverside, CA Real Estate News

By Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235
(Second Self Virtual Assistance)
The Riverside Art Museum offers a fun, free program for children and adults called "First Sundays".  Held on, you guessed it, the first Sunday of the month, families can participate in art, music, science and more at the Riverside Art Museum, located at 3425 Mission Inn Avenue in Riverside, CA.  The next First Sunday will be held on Easter Sunday, April 4, 2010, from 1-4pm.  There will be cultural activities for everyone to enjoy and the museum fills both the lawn and the lobby with great works of art.  I'm going to mark my calendar to make sure I don't miss April's First Sunday at the Riverside Art Museum.  Will you be there? Heather Chavez, Real Estate Virtual Assistant - Second Self Virtual Assistance: When There Isn't Enough of You to Go Around!
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Wood Streets- Riverside The Wood Streets neighborhood in Riverside California is the popular name for a group of adjacent residential subdivisions that make up about a square mile in area. Many of the streets have “wood” in their names; Larchwood, Beechwood, Elmwood, Linwood, Oakwood, Rosewood. The area is close to the downtown area of Riverside.  Most houses built in the Wood Streets were built in the late teens through the 1920s. 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 compatible in scale, tone and age. I especially love the arts & crafts (craftsman) style homes in the Wood Streets area.         This region has a strong sense of community and a trad...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Buying a house in Riverside CA Want to snatch up a house way below asking price in Riverside CA?The chances aren't great.  It continues to be a very competitive market for buyers in Riverside and the nearby communities. There are lots of buyers and not a lot of houses on the market for sale.  The numbers below will show that houses are selling on average at or higher than the asking price.  Even all cash buyers often have to pay over asking price.   Total houses sold (single family homes) in Riverside in the last 30 days =   317 Average list price        =   $212,901 Average price paid     =  $219,613 All cash                           =    82 Average list price        =    $169,446 Average price paid     =    $169,091 Total houses sold  (single family homes) in Riverside 31- 60 days ag...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Short Sales Riverside CA Short sales in Riverside CA are not going away any time soon. Some buyers have been trying to avoid them, but they make up a big part of the houses for sale right now.  So it is hard for buyers to avoid them. There is some good news - more short sales are actually successfully closing.  We have a short sale with Chase Bank closing in two days.  We have been working on this for eight months. I just did some checking and pulled current statistics from the multiple listing service (as of 3/29/2010): Active Short Sales in Riverside CA 477 listings for short sales for sale (condos and single family homes) $850,000 is the highest price short sale right now 698 pending short sale listings (condos and single family homes) Closed Short Sales in Riverside CA 187 short sal...
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By Richie Alan Naggar, agent & author
(people first...then business Ran Right Realty )
FINDING A REAL ESTATE AGENT IS EASY. BUT A PRO?   WELL THAT'S ANOTHER STORY............. What is a professional? In every profession, there are people who stand out and they are called professionals. Professional defined........ one who has special education, who possesses distinctive qualities, an expert, one who practices their highest being....all these convey an extraordinary person in their field. A professional or a real pro as we call them earned the meaning of the above words. They live them. When you see a anyone practicing traits as described, you are moved to recognize a professional at work whatever field of endeavor they are in. I have seen professional cooks, electricians, plumbers, escrow and title officers, doctors, nurses, bus drivers, retail personnel, military officer...
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By Richie Alan Naggar, agent & author
(people first...then business Ran Right Realty )
When the wise old spider….. who is able to crawl on the floor, walls, or ceiling and who para-sails with his web thread..... was asked for an opinion, the spider stated ….it depends on how you look at it. WHAT THE SPIDER TEACHES....... We do well to remember the spider’s point (s) of view and be sensitive on how many ways something can be looked at. Getting stuck on “one way” can come back on you or at the least, make for a trying day. In discussion about any subject, point of view is always at work. MANY POINTS OF VIEW........ With 6 billion people on the planet, that can be a lot of views! Spider sense helps us with our communications allowing us to see and hear the other persons point or reality. In Real Estate… that little world that we hang out in, we would do well do use spider se...
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By Richie Alan Naggar, agent & author
(people first...then business Ran Right Realty )
F   IDUCIARY from the Latin  Fides or faith…and… Fiducia or trust   Highest ethical relationship of confidence or trust between two or more parties…Highest standard of care…Acting in good conscience on behalf of another…With sole benefit and loyalty… Relationship of trust and confidence…Where personal interest never comes before the duty….Strictest standard of behavior…Absence of conflict of interest…Obligation of undivided loyalty…A conduct that when used, places you "at a level higher than that trodden by the crowd".   WOW……WHAT A POWERFUL WORD AND MEANING   To me, I personally consider it to be a sacred, private connection based on services and unconditional loyalty that one person can give to another. Whenever I consider invoking this with a potential client, I look at them and ask ...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Riverwalk - Riverside CA Riverwalk in Riverside is a beautiful community in the southwestern part of Riverside, California. It is in a convenient location just minutes away from the 91 freeway, near Pierce and Collett. It is also close to shopping, schools and La Sierra University. There are four separate areas within Riverwalk:  Coronado, Tiburon, Monticeto and Palisaides. Three of these areas are gated.  It really is a beautiful development and is beautifully maintained. Sizes of houses (and some attached townhouses) range in size from about 1500 sq ft and go up to more than 4300 sq ft.  There are swimming pools, parks, tennis courts, walking trails, pond, and more.                  Riverwalk is located in the Alvord Schooll District and the schools are: La Sierra High School Villegas...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Riverside CA Houses for Sale - Market Report  Here is what's happening in the real estate market for Riverside CA Houses for sale.  Its the middle of March 2010 and house sales are strong in Riverside CA. As of today, August 14, 2009 there are 1,119 houses and condos houses listed for sale on the multiple listing service.  Here is a breakdown of sales activity in the different price ranges.   Riverside CA Houses  Active Pending/In Escrow Sold in the Last 45 Days up to $150,000 280 371 149 $150,001-$250,000 410 569 230 $250,001-$350,000 202 195 92 $350,001-$450,000 89 54 27 $450,001-$600,000 70 39  17 $600,001 + 68 13 6 As far as luxury homes for sale in Riverside CA, there are currently 26 active listings priced at $1,000,000 or above.  There are three houses in that price range in escr...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Lake Hills Reserve - Riverside CA Here is the latest information about the real estate market in Lake Hills Reserve- Riverside California. This information is as of March 19, 2010.  These numbers echo what is going on throughout Riverside with smaller numbers of houses for sale on the market.  Click here to read more about the low inventory of houses for sale in Riverside.   Active listings  There are only eight houses for sale in Lake Hills Reserve on the multiple listing service in. Of those, three are regular sales and five are short sales.  There aren't any bank-owned (REO) homes for sale currently. These homes range in price from $300,000 up to $629,900.  A year ago there were 20 active listings - which is quite a drop.Listings in escrow  There are 6 homes in escrow currently in La...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Riverside CA Houses for Sale- Where are they? Riverside CA houses for sale - where have they all gone? The number of houses for sale or sometimes referred to as "inventory" is a critical component of any real estate market. I did a blog on this topic several months ago and just updated the information on houses for sale in Riverside CA.  Wow, it is pretty shocking to see how low the inventory has gone from where we were a little over a year ago.   The graph speaks for itself. With the considerable number of buyers house-hunting right now and and low numbers of houses available, no wonder buyers are having such a hard time getting into a new home.  But if you are a buyer or are thinking of buying soon, don't get so discouraged that you decide to throw in the towel. With the low prices of...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Houses for Sale Riverside CA - Market Report - Feb '10 Here is the real estate market report for Riveside CA houses for sale for the last four months.  The number of houses in escrow has gone up from January and it is mixed regarding the number of sold houses and the number of listings for sale. In all ZIP codes except two the prices went up over last month.   These numbers are for single family houses and don't include condos.  Click here for my blog showing how the number of Riverside CA houses for sale  has dropped significantly.  With the continuing low housing prices and low interest rates, it remains a terrific time to buy a house in Riverside  if you can afford it.   92501  Feb 2010 Jan 2010 Dec 2009 Nov 2009 # of houses for sale 65 74 61 58 # of houses in escrow 64 46 44 61 # of...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Short Sales and Foreclosures - Riverside CA Here is a breakdown of the single family homes for sale-Riverside CA.  The graph shows the sale totals over the last few months.  You can see how many of the sales were foreclosures-short sales in Riverside CA and the number of traditional sales. The number of Riverside CA foreclosures are dropping as it appears that the number of sales is dropping.  Many buyers who are having trouble getting their offers accepted are hoping for more foreclosures to come on the market. I hear opinions on both sides;  a) that we will see increases in foreclosures and b) that the number of foreclosures will decrease.  I guess we will just have to wait and see what actually happens. I know a lot of  buyers would really like to see more houses on the market, espec...
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By Cameron Novak, Featured Corona Real Estate Agent Team
(The Homefinding Center)
If you're considering a Short Sale in Riverside... Don't be misled If you've been paying attention to the real estate market, you're bound to have seen many agents claiming to offer FREE Short Sale help.  For the unsuspecting homeowner facing foreclosure, it may sound great... but use CAUTION.  What good is the FREE help if the agent you've contracted isn't really a short sale expert?  You might just end up losing your home to foreclosure due to the inexperience of an agent trying to pull a fast one by marketing their services as FREE or telling you they know what they're doing. The fact is that most competent short sale agents DON'T ever charge the homeowner for their short sale negotiation help. Don't get burned by choosing the wrong agent to negotiate your short sale.  Ask for proof...
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By Ann Urias, Your Real Estate Concierge
(Aston Group - Orange County Real Estate)
RE/MAX Homes & Estates Pre-Foreclosure Division  (714) 588 -7676 ∙  www.remaxann.com   If you are in a situation where: • You lost your job • Your Medical Expenses are too high • Just went through/going through a divorce • You are behind on your payments • You have no equity • You can't afford the cost of selling your home • Your income has been reduced • You are in foreclosure   WE CAN HELP YOU! It's easy and doesn't cost you any MONEY! Our services are Free!!! WHEN THE DEBT EXCEEDS YOUR HOME'S VALUE... we can help is with a SHORT SALE.   Benefits of a Short Sale: • Avoid Foreclosure • Avoid Bankruptcy • Reduced damage to your credit • Postpone your foreclosure sale date • A short sale will stay on your credit approx 3 years • BE FREE of financial and emotional burdens!     We are lice...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Riverside  CA Short Sales - Foreclosures In working with buyers who are looking for great deals in Riverside CA foreclosures, I have found that some buyers don't think they are getting a "deal" unless they get an offer accepted for less than the list price.  That often is not going to happen.  Buyers need to be aware that these homes are typically priced low and that there are lots of buyers out house hunting right now.  So it is very competitive.  Buyers, keep that in mind.  Here are some numbers to illustrate that Riverside foreclosed houses are not generally selling for less than asking price.  Read more here  about the totals in foreclosure sales and short sales in Riverside.  Riverside Foreclosures  (closed sales )  from 12/01/2009 - 1/31/2010    Total foreclosed homes sold = 408  ...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Andulka Park - Riverside CAI drive by this new park quite frequently but since I didn't have any real estate appointments (I'm a Realtor) I decided I would stop and take some photos and walk around.   Andulka Park in Riverside California has two baseball fields, a tennis complex with pro-shop (nine regulation courts and one tournament court), two lighted basketball courts, restroom and concession facilities, children's playground, picnic facilities, open meadow areas, on site parking for approximately 200 vehicles, and a walking/jogging trail and native habitat area - something for just about everyone.Andulka Park, a 36-acre park, is located at 5201 Chicago Avenue at Central Avenue and opened early in May 2009.  When I stopped there today, February 20, 2010, even though it was cold outs...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Victoria Grove- Riverside CA This is for those who are interested in what is happening currently with the housing market in Victoria Grove Riverside CA.  This information is as of February 20, 2010.  Active Listings There are 13 houses currently for sale on the multiple listing service right now in Victoria Grove.  Of the houses currently for sale, four are short sales, two are bank-owned (foreclosure) and seven are standard sales.   Houses in Escrow There are currently 15 houses in escrow in Victoria Grove.  Of those, one is bank-owned, ten are short sales, and there are four standard sales.    Closed Homes Victoria Grove has had a total of 10 houses closed (sold) in the last 60 days.  Of those, three were bank-owned, and there was one short sale and six were standard sales.   There co...
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By Vic Steele, Broker/Consultant
(Vic Steele, Broker CA DRE 01349863)
          $300,000 1259 Melville Drive, Riverside, CA 92506-5372                            TGNO 716C4                                       Riverside County  P716931                                                                  4 Bedrooms & a Huge Office/Bonus Room! 4 Bedrooms, 3 Bathrooms                                                     Two Stories Mountain View                                                                           No HOA Dues Approximate Square Footage 2,121                                     Approx. Lot Size 8,712                     Year Built 1987     RV Parking,  Boat Parking, Direct Garage Access, Driveway, Driveway - Concrete, Garage - Front Entry, Garage Door Opener, RV Access/Parking, RV Enclosed, RV Gated.  2-Car direct access garage. Lovely Canyo...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Riverside CA Foreclosures Are you interested in finding out more about Riverside Ca foreclosures?  This is an important topic in Riverside California.  Realty Trac recently reported that foreclosures in the US are 15% higher than they were a year ago.  They also say that there is likely to be an increase in foreclosure activity in the next several months. If this happens it will be driven by more unemployment and economic hardship.  For 2009 the three states with the most foreclosures were: California  - 632,573, Florida - 516,711 and Arizona - 163,210 (according to Realty Trac) – but keep in mind that, particularly with California and Florida, these are high population states.  The cities/areas in the US with the highest foreclosure filings in 2009 were: Las Vegas, NV Cape Coral- Fort ...
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