Riverside, CA Real Estate News

By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Here is a brief snapshot of the current real estate market in Victoria Grove, a wonderful gated community in the southwestern part of Riverside CA as of July 28, 2009.9 Active Listings Priced from $308,900 to $449,944 4 short sales, 2 bank-owned, 3 standard sales 21 in Escrow   Priced from $269,900 to $495,000 11 short sales, 6 bank-owned, 4 standard sales 11 Sold (Within the Last 60 days)   Priced from $255,000 to $440,000  3 short sales, 5 bank-owned, 3 standard sales Click here to learn more about Victoria Grove.   Click here to read a blog all about Victoria Grove.   Victoria Grove, in Riverside, CA is a wonderful neighborhood.  It is actually one of my favorite neighborhoods in Riverside.  If you would like to learn more about Victoria Grove or see photos of the neighborhood/amenit...
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By Brandy Hart
(Capital Pacific Real Estate)
Here in southern California, the word has spread that NOW is the time to buy.  The number of residential sales is up drastically month over month and public opinion has shifted, those who have been waiting and waiting for this bottoming out of the market to occur are now jumping at the opportunity to purchase their first home, upgrade to a larger home, or pick up that investment property they've been talking about.  this buying frenzy is great for our market and is certainly helping to reduce available inventory, BUT... It is creating a whole new dilemma for those looking to buy.  Each day our inventory of homes is shrinking and each day when we as Realtors run our property searches for new listings we are coming up with less and less options for our clients.  Many potential buyers are ...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
How many foreclosures and/or short sales are on the market right now in Riverside, California?  Here is a breakdown of the current active listings (for single family homes) in Riverside as of July 16, 2009.  Total number of listings     1124 Bank-owned (or foreclosure) listings 234 Short sale listings 494 Standard sale and probate sale 292 Not specified 104   As you can from the numbers above, there are more than twice as many short sales as foreclosures.If you are worried about losing your home to foreclosure, don't wait to act. Contact your lender regarding a loan modification. If you don't seem to get anywhere with your bank, keep trying, be persistent.  If this doesn't work, contact an experienced Realtor regarding the possibility of doing a short sale. There is no cost to you to hi...
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By Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235
(Second Self Virtual Assistance)
This summer, Riverside's University Village is hosting a Summer Concert Series every Wednesday evening from 7-9pm beginning July 15th and continuing through August 19th.  The best part is that it is absolutely FREE to the public.  University Village is the same place I blogged about playing free Bingo earlier this summer.  There will be all kinds of music on display each week: acoustic classic rock, jazz, 80's & 90's rock, reggae, R&B and classic rock.  Like with the Free Bingo, the fabulous businesses at University Village are sponsoring this great event: Rubio's, Quiznos, T-Mobile, GameStop, Starbucks, Juice It Up, Fatburger, Service Plus Credit Union, Ultra Star Movie Theater, The Mad Platter and The Pita Pit.  Stop by any of these establishments to express your appreciation for thei...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Here is the latest look at Riverside real estate. These tables show real estate sales for single family homes in Riverside CA in June 2009. There are a lot of home buyers right now but the number of houses for sale continues to decrease each month.  Compare the large drop from the first quarter of 2009 to June.  Suprisingly, in spite of the demand, the prices of houses overall continues to decline compared to the first quarter of 2009.The number of active listings and pending listings is as July 4, 2009. The average list price of sold homes means the average price of the homes at the time they went into escrow (but not necessarily what they actually sold for). You can compare that to the the average price that homes actually sold for. 92501 June 2009 1st Qtr 2009Average Number of houses...
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By Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235
(Second Self Virtual Assistance)
In my household, I am affectionately referred to as the "Bingo Whore".  Don't laugh, my mother is the "Slot Slut" (she is addicted to those little one-armed bandits).  I have always had fun playing Bingo thanks to the array of colorful characters that frequent these places.  The games may change from bingo hall to bingo hall, but the players remain colorful no matter where you live.  So, when I heard about this fabulous event going on at the University Village in Riverside, CA, I just had to go.  From 6-7:30pm, the public is welcome to come and play Bingo for FREE!  Prizes are donated by the local businesses, including Denny's, Game Stop, Fat Burger, the University Village Cinema and various restaurants located in the village.  There were also passes for the San Diego County Fair given ...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Houses and Condos for Sale in Riverside CA Single family homesNumber of active listings                            1121Number of listings in escrow                      1206Number of listings that sold last week            39Condos/TownhomesNumber of active listings                                68Number of listings in escrow                           59Number of listings that sold last week            13The market is really hopping right now.  There are lots of buyers out there ready to take advantage of a terrific time to buy a home  - with very low home prices, low interest rates and the $8000 tax credit for first time buyers.  If you've been thinking about buying a house and can afford one, don't let the opportunity pass by.                                           Written and pos...
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By Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235
(Second Self Virtual Assistance)
Taken at the ice cream social held at the Heritage House in Riverside, CA today.  Bet you can't guess what this guy's cooking up?  What do you think? Heather Chavez - Second Self Virtual Assistance: When There Isn't Enough of You to Go Around! ***This photo was taken by me.  You are welcome to use it if you like.  Just make sure to mention where you got it from and add a link back to the original.  Thanks.***
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By Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235
(Second Self Virtual Assistance)
Last weekend, my son and I were able to go our very own historical landmark: the Heritage House in Riverside, CA. Even though I have lived in this area for over 20+ years, I have never actually set foot inside of it until last weekend. It's absolutely beautiful. Built in 1891 by Mrs. Catharine Bettner, the Heritage House was chosen to be an example of what was typical Victorian architecture in Riverside's burgeoning youth. Since there is no air conditioning to the upper floor of the home, it is closed in July and August (the hottest months of the year). In fact, this weekend is the last hurrah until September 2009. To hear a brief history and see some great photographs I took while visiting the Heritage House, please click here. To celebrate it's last open date before the doors close f...
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By Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235
(Second Self Virtual Assistance)
Yesterday, I took my son out to eat lunch at a fabulous little place called Jason's Deli.  This great little find is located at 2555 Canyon Springs Parkway on the border of Riverside and Moreno Valley, near March Air Reserve Base.  When we went yesterday, many of the soldiers that work at March ARB happened to be eating there as well.  We managed to beat the lunch crowd by arriving a little earlier than noon.  But, right after we got there, the line wound around the back wall.  My parents always like to eat here when they come into town and, pull my arm, I take them there.  They have franchises all over the country.  They have also been named as one of the most healthy menus around by Parents magazine thanks to their use of organic food whenever possible.  I've had their Turkey Wrap, po...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
There are lots of short sale listings in Riverside, CA and some really are selling. Short sales are at best very frustrating for all parties involved.  For a while, only about one short sale in ten was actually closing. The numbers of successfully closed short sales has been increasing.  But still there are many short sales that end up being foreclosed on.  Here are some charts showing trends in short sales in Riverside for the past oe year.  These do not include all short sales in Riverside, CA - only those which were correctly labeled  as short sales.  As of today, June 17, 2009, there are 607 short sale listings currently for sale in Riverside. Again these are only the ones that are correctly labeled as short sales on the multiple listing service. If you are wondering if you should d...
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By Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235
(Second Self Virtual Assistance)
Thanks to Michael Thornton's stained glass photo post, I not only found out about a great Active Rain group I was unaware of until now (Friday's Fotos).  But it reminded me of my trip to Riverside's Historic Mission Inn.  There was a chapel built on-site using original Tiffany stained glass windows that were from an old New York church that was being torn down.  The man who built the Mission Inn (Frank Miller) rescued them from being tossed into the trash by just promising to give them back to Tiffany's if he ever decided not to use them anymore.  Here are photos of those stained glass windows (couldn't take the photos from inside the chapel):   Heather Chavez - 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)
Here is the latest look at Riverside California real estate housing market. These tables show real estate sales for single family homes in Riverside for May,2009. The number of active listings and pending listings is as June 8, 2009. The average list price of sold homes means the average price of the homes at the time they went into escrow. The average sold price is what the homes actually sold for.  92501 May 2009 Number of houses for sale 66 Number of houses in escrow 50 Number of sold houses 33 Average list price of sold houses $151,691 Average sold price of houses $148,387 92503 May 2009 Number of houses for sale 260 Number of houses in escrow 328 Number of sold houses 114 Average list price of sold houses $208,016 Average sold price of houses $211,988 92504 May 2009 Number of house...
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HUD announced last Friday that first time buyers may now use their $8,000 tax credit instantly to pay closing costs or additional down payment on their home purchase!  This means you no longer have to wait until tax time to take advantage of this free money.  HUD is hopeful that this new program will allow many more families to qualify for a home purchase this year.  With signs of a housing recovery on the horizon act now to take advantage of this amazing opportunity before prices go up!
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By Kat DeLong, REALTOR
(Realty ONE Group Mountain Desert)
Whenever David and I take a Sunday drive off the mountain, we try and find a local place to visit; Yesterday was no different. This time we discovered a hidden jewel at UNIVERSITY OF CALIFORNIA RIVERSIDE ; Botanic Gardens! It actually took us a few wrong-turns to get to our destination, as they are nestled in the Box Spring Mountains on some 40 acres overlooking the campus. We bought our parking pass (self ticket machine) and started our adventure through these gardens. The first plantings took place way back in 1963. Today, a few of the plants and  trees you'll come across as you stroll through the grounds are an Alder Canyon, Herb Garden, Ponds, Rose Garden, Green House... But better than me telling you everything, GO VISIT this awesome spot yourself. It's a perfect family outing. Hou...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
If you are wondering how many foreclosures and/or short sales are on the market right now in Riverside, read on. Here is a breakdown of the current active listings in Riverside CA - or houses for sale. These are single family homes only (no condos) and they are "active" listings (not in escrow) as of May 24, 2009.   Total number of listings                          1162 Bank-owned (or foreclosure) listings 251 Short sale listings 558 Standard sale 253 Other type of sale (i.e. probate or auction or not specified) 100   As you can from the numbers above, there are more than twice as many short sales as foreclosures.If you are worried about losing your home to foreclosure, don't wait to act. Contact your lender regarding a loan modification. If you find out that isn't going to work, contac...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Here is my latest list of some of the best buys in housing in Riverside CA. These homes are priced from $150,000 to $300,000.  I did not include short sales nor listings that do not have any photos.   All of these listings are bank-owned (foreclosure) homes but I was not specifically looking for bank-owned homes.  For a couple months there seemed to be a shortage of bank-owned homes but the number of foreclosures available seems to be up again -which is great for buyers.  You may wonder how I come up with this list..... I go through all the listings of single family houses - looking at the the price per square foot, the location and the photos.  I have not personally visited any of these listings and this list is in no way an all-inclusive list of the best buys  - just a cursory search ...
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By Joan Bergstrom, Mobile Notary, Riverside CA
(Joan Bergstrom Mobile Notary)
We have a major holiday weekend coming up in a few days (Memorial Holiday Weekend) and this is a great time to touch bases with the Title, Escrow, Lender & Signing Companies and tell them you are available for notary/loan-signer assignments over the holiday weekend.Actually it's an excuse to"just say hello" and keep on their radar screen!http://www.joanbergstromnotarypublic.com
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Here is the latest look at Riverside real estate. These tables show real estate sales for single family homes in Riverside for April of 2009. You might have heard that banks aren't loaning, but that isn't the case.  People who qualify can get loans.  The number of active listings and pending listings is as May 6, 2009. The average list price of sold homes means the average price of the homes at the time they went into escrow and the average price of what the homes actually sold for is also listed for comparison.  92501 April  2009 Number of houses for sale 80 Number of houses in escrow 57 Number of sold houses 20 Average list price of sold houses $127,995 Average sold price of houses $122,420 92503 April  2009 Number of houses for sale 347 Number of houses in escrow 293 Number of sold h...
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By Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235
(Second Self Virtual Assistance)
When CC Miller first brought his family out to our fair city of Riverside, CA in 1876, there was nothing but orange fields as far as the eye could see. CC Miller built a small, two-story adobe boarding house that he named Glenwood Cottage on the one city block that CC had purchased.  He and his family ran the boarding house until 1902, when CC decided that he wanted a change of scenery and moved with his wife out of the area.  At that time, CC's son Frank decided to take over running the boarding house. But, Frank Miller had much grander plans than his father.  Frank's vision was to create a beautiful destination hotel, which would eventually become the Mission Inn.  At the turn of the century, California was known for its missions that were founded by the Franciscan monks.  Frank Mill...
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