Riverside, CA Real Estate News

By Danae Aballi
(Douglas Elliman of California Inc)
  The Women’s Council of Realtors®, Inland Valley Chapter requests your presence at…   Our Annual Holiday New Member Orientation and Networking Event!   This event is free and will have food, drinks and lots of fun. There will be a Christmas Inspired Silent Auction and Raffle, So bring a holiday-inspired item (Christmas Ornament, trinket, etc.) Contact Danae Aballi at (714) 709-6558 if you will be bringing an auction item.   Wednesday, November 19th in Riverside   4:30-5:00 p.m.--Networking   5:00-5:30 p.m.--Orientation   5:30-6:30 p.m.--Food, drinks, networking and silent auction and raffle. Please R.S.V.P. to Melany Denkers at (951) 479-2889.     Thank you to our sponsor:   Elite Home Inspections   ____________________________ Guests and non-members are welcome! But remember, if you j...
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By Susan Manning
(Realty Executives)
This going to be a VERY fun night and all proceeds will go to scholarships for local high school seniors. The movie is about Realtors and includes scenes such as "Farming", "BK Homes", and "Insider Trading". There are faces and names that most everyone in the industry will recognize and a few surprises too! Even if you don't work in real estate you'll still get a kick out of the movie which pokes fun at all the daily hazards and frustrations we all go through on a regular basis. Surely worth the price which goes to a good cause! Hope to see you there!! SM
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Here is a snapshot look at the real estate market in Riverside California The data is shown by ZIP code for the period September 22, 2008 to October 22, 2008.   The average list price is the average of all the homes that were on the market during this period - including those that sold, expired, cancelled, were withdrawn, etc.   The Riverside real estate market continues to be significantly impacted by the large number of foreclosures.   Prices are still declining but the supply of homes on the market is holding steady.  The prices are lower than they were in the beginning of 2004.   With the significant price declines, low interest rates and good inventory, it is a good time to buy for those who can afford it.  You may have heard that banks aren't lending.  They are more restrictive b...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
The California Riverside Ballet Is Up to Its Old Tricks (Halloween tricks, that is) - 2008 Ghostwalk in downtown Riverside presented by the California Riverside Ballet is now in it's 17th Year.  In 2005 the Ghostwalk event received the recognition as "Best Event in Riverside" and continues to be a tradition gaining additional popularity every year.  The weekend before Halloween, the California Riverside Ballet brings the downtown area alive and into it's supernatural theme with stories of horror, mystery & intrigue along with the ever anticipated performances of the CRB Dancers adding to the theme of phantasm and illusion.  The number of people who come to Ghostwalk grows significantly each year. During this event, groups will be guided throughout the historic district of downtown Rive...
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By Jeremy Rivera, Nashville SEO
(Buy Your First)
The Best Room at the Inn   The historical mission in Riverside, California is a fabulous testiment to the Mission Revival style of architecture. Rooms in the mission in vary in price from the low hundreds to the thousands per night. One of the best rooms in the entire hotel though is the Glenwood Suite. Looking out from the spacious living room of this two room suite, you look down into the courtyard of their 4 star restaurant, and across the way you can see the herb garden and oriental style roof of the Japanese wing of the Inn. Staying a night in this room will set you back around $1300-1400 but it is a terrific romantic getaway with style and class.
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By Dustin Brazil, Temecula Murrieta Realtor, Bank Owned Homes Specialist
(Temecula Murrieta Foreclosed Home Tours)
                        Looking for a Bank Owned one in Riverside, eh?            There are currently over 600 Bank Owned Homes in Riverside. ....             SIGN UP TO SEE ALL BANK OWNED HOMES IN RIVERSIDE AND GET HOT NEW                            LISTINGS SENT TO YOUR INBOX DAILY GET BANK OWNED HOMES BY EMAIL        ( The Smart way to shop is to let the newest bank owned homes to  find  YOU!)                                                Here is a snapshot of 5 of homes on the low end with minimum 3 bedrooms from $200-300K  Median Estimated Home Value      12-month Change in Median Estimated Home Value                 Riverside, CA 92503 Type : Single Family Home MLS # : H08133546 Status : ACTIVE School District:  Riverside Unified Beds : 3 Baths : 1-Full Sq.Ft. : 1576 $200,000    ...
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By Guy Knox
(Countrywide Home Loans)
The Chinese have a proverb:  "May you live in interesting times."  And we are living through interesting times indeed.    Whatever the political posturing regarding the current rescue plan, a plan needs to be passed. Credit markets are frozen and banks are going bust every day. This is not totally because of "toxic" mortgages. This has a lot to do with FASB 157, also known as "mark to market". Each day lenders must mark their assets to the marketplace. It's like you having to appraise your home everyday and if your neighbor was under duress because they got very ill, divorced, lost their job and was forced to sell their home quickly they may have sold it super cheap. Now, does that mean your house is worth that super cheap price? Clearly not. Why? Because you are not under duress. You h...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Riverside CA Parks - Orange Terrace Park and Community Center I just paid a visit to a really terrific place in Orangecrest. It is the new Orange Terrace Library and Community Center and park. This is a wonderful and much anticipated addition to Riverside CA  in the Orangecrest area. I am not affiliated with this park - I just visited it as a resident of Riverside   The buildings include a 25,000 sq ft community center with gymnasium, rooms for classes, banquet room (which can be rented out) and kitchen, and more – I’ll get into that later and a 13,600 sq ft library.   The park has a number of baseball fields (eight I think), a very large grass field (probably for soccer), two playgrounds, several basketball courts, and picnic areas. There is ample parking. There are programs and class...
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By Robert Huntsinger, Empire Realty Upland, CA - Full Service at a Discount
(Empire Realty)
No matter what the market, people will continue to desire to live in Riverside, as it remains one of the most active cities within Riverside County. Comparatively speaking, the Riverside housing market continues to post brisk sales.  In of July 2008, 263 single family homes and a total of 11 condos/townhomes sold, down 279 from last month. Click Here to view the Riverside County market report. Closed Sales for July 2008: Up 55 from last month382 Single Family Homes20 Condos/TownhomesPending Sales for July 2008: Up 59 from last month899 Single Family Homes31 Condos/TownhomesCurrent Actives as of Today's Post: Down 193 from last month2,219 Single Family Homes117 Condos/TownhomesForeclosure Activity for July 2008 92501 - 40 Notice of Defaults (NOD) Down 7 from last month92501 - 49 Notice o...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
A Great Place in Riverside for a Night Out - The Tyler Galleria and AMC TheatersI'm so glad that the Tyler Galleria (also known as the Tyler Mall)  expansion is complete.  This has greatly added to the area.  That expansion brought in some terrific new restaurants and a beautiful new movie theater to Riverside.  It is located very conveniently just off the Tyler St. exit on the 91 freeway. The new building with the theaters and some restaurants is on Magnolia.  It is a large building - you can't miss it.  My husband and I really enjoy going to movies and dinner here.  There is parking in front of the building and in the adjacent parking garage. The new AMC Theaters Tyler Galleria has 16 theaters. Click the link to find which movies are currently showing and the times.  It is on the sec...
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By Denise Gentile, REALTOR , Riverside County
(Coldwell Banker Associated Brokers Realty)
Where: Fairmount Regional Park Bandshell 2601 Fairmount Blvd. RiversideWhen: Saturday, September 6th 2008Time: 12:00pm.-9:00pm.Purchase Pre-sale tickets at: The Parks & Recreation Department at 3936 Chestnut St. Riverside through September 5th.Pre-sale tickets: 2 for $15.00 or 1 ticket for $7.50.On-site ticket sales will be available at $10 per person. Children under 12 are FREEThe Riverside Parks and Recreation Department, and Community Services Department will be hosting the 3rd. Mariachi Festival in Riverside. This event will showcase Hispanic culture and the genre of Mariachi music, ballet folklorico dance featuring the nationally known Mariachis, cultural activities, a children’s fun zone featuring a rock wall, giant slide and obstacle course, arts & crafts, games, face painters, ...
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By Darren Orshoff, The Key To Your Home™
(Team Orshoff - All things Riverside Real Estate)
Aug 25, 2008 Have you visited your local public library lately? Long gone are the days of card catalogs and library marms telling you to hush! It is a wonderland of education and fun for youth and adults alike. My wife has been telling me for months that things have changed...we started bringing the kids to storytime at our local library a few years ago. It was fun for the kids and we were able to check out books for the kids to read at home. But did you know that the newer libraries (or the renovated ones) have rows and rows of computers to use for free (an hour at a time) and that they are connected to the Internet at smoking fast speeds? How about the arts and crafts programs for kids that focus on reading and other important skills? There are even classes and meetings for adults. I ...
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By Darren Orshoff, The Key To Your Home™
(Team Orshoff - All things Riverside Real Estate)
Aug 27, 2008 If you are a real estate investor, or if you want to be, you have got to find out about The Norris Group! I am at the Bootcamp Bruce Norris puts on and I recommend that anyone who is an investor go through his course! Unless you plan on investing in the Inland Empire...that's where I am investing...stay away! :) Aaron talked about social networking online and some of the technology that investors should be using...great stuff. Aaron is an expert at this kind of stuff. I love it because I am a computer geek as well. Bruce is preparing us to go out in the field today to look at homes he has purchased and repaired/rehabbed. He is showing us what and how he does it...and he does it better than anyone! Check them out at www.thenorrisgroup.com I'll talk about my experience in the...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
The Orchard The Orchard  is a wonderful and very unique neighborhood in the southwestern part of Riverside California with approximately 250 homes.  If you haven't been there before and don't know where it is, that's not surprising.  It is the hidden jewel of Riverside.  And you will have a hard time finding another similar neighborhood. The Orchard is located on La Sierra Ave - on a hillside south of Victoria Ave.  It is above the smog that we sometimes experience in Riverside. It is easy to miss if you don't know where to find it.  You enter the neighborhood from La Sierra by turning left on Orchard View Lane. It is just south of the KB Homes - Bridgeport and Stone Harbor development. You can also enter from McAllister Parkway. The Orchard is unique because of its location on a hills...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
  Pedersen Team | Pedersen Real Estate | 951-840-5212 10511 Orchard View Lane, Riverside, CA Secluded Single Story Home in The Orchard 3BR/2BA Single Family House   offered at $410,000 Year Built 1981 Sq Footage 1,856 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking Unspecified Lot Size 36,590 sqft HOA/Maint $31 per month DESCRIPTION Lovely, very secluded single story home. This home has incredible views of city lights and mountains - from almost every room in the house. There are cathedral ceilings and brand new carpet thru-out. The views can also be enjoyed on several decks off the house. There is a fireplace in the living room. The kitchen and family room have wood parquet flooring. The home has a formal dining room and indoor laundry room. This home has a very light and open...
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By Denise Gentile, REALTOR , Riverside County
(Coldwell Banker Associated Brokers Realty)
Riverside Metropolitan MuseumNature * Culture * History3580 Mission Inn Ave., Riverside, CA 92501Phone: 951.826.5273 Don't miss your chance to see some beautiful quilts still on display until September 7th, 2008 at The Riverside Museum. These quilts are like fabric documents which record the stories of individuals, family and the community.  These textiles are multi-layered and hold the history and cultural heritage of the past.Also on display are “The Life and Art of Charles M. Schulz” until September 14th, 2008.  Exhibit materials are examples of Peanuts comic strips, Schulz quotes and photographs, Baseball memorable, bobble head dolls, banners,and an over-sized Snoopy doll decked out in his favorite team uniform.    
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By Joan Bergstrom, Mobile Notary, Riverside CA
(Joan Bergstrom Mobile Notary)
I have been doing some loans for borrower(s) who had adjustable rate mortgages and who are now borrowing under fixed rates.  The number of pages in these FHA loans from this particular title company is unbelievable, with many documents signed 3-4 each. I have done loan signings where there were double Deeds of Trust to get signed and multiple Right of Cancels; but these loans have triplicate of the borrowers Credit Information. I know all FHA loans are not this big, but, the one I did tonight was over 250 pages. Anyone else seeing big packages?     http://www.joanbergstromnotarypublic.com 24/7 to Riverside & San Bernardino Counties 951-522-4919  
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By Robert Huntsinger, Empire Realty Upland, CA - Full Service at a Discount
(Empire Realty)
No matter what the market, people will continue to desire to live in Riverside, as it remains one of the most active cities within Riverside County. Comparatively speaking, the Riverside housing market continues to post brisk sales.  In of June 2008, 526 single family homes and a total of 19 condos/townhomes sold, up 315 from last month.  Sales sure took a jump upward. Click Here to view the Riverside County market report. Closed Sales for June 2008: Up 162 from last month329 Single Family Homes18 Condos/TownhomesPending Sales for June 2008: Up 50 from last month845 Single Family Homes26 Condos/TownhomesCurrent Actives as of Today's Post: Down 180 from last month2386 Single Family Homes143 Condos/TownhomesForeclosure Activity for June 2008 92501 - 47 Notice of Defaults (NOD) The same as...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
  As a Realtor®  I monitor local real estate statistics to keep my clients informed and ready to respond to real estate trends.  Here are the current real estate statistics for  Riverside, specifically by ZIP codes for the month of July 2008 for single family home listings (condos not included). The # of active listings shown are the number of listings on July 31, 2008. Average days on the market is the average number of days before the house went into escrow.   92501ActiveIn EscrowSold # of Listings 147 45 14 Average List Price $261,202 $229,648 $233,724 Average Sold Price     $220,229 Average Days on the Market 98 79 98 Average Size (Sq. Ft) 1,577 1,468 1,766   92503Active In EscrowSold # of Listings 556 220 89 Average List Price $338,687 $248,551 $280,087 Average Sold Price     $279...
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By Ron Holborn, Commercial & SFR, Anaheim CA, Real Estate & Short
(Short Sales, Foreclosures, Rentals, Income Real Estate)
Located at Limonite and Juan Bautista at 6488 Avenida Mariposa      2 story home with 3 car garage.      Kitchen comes with amenities.        Nice blue tiled pool and spa with safety fence.   -Please contact Ana Acosta at 714-329-4844-   Not a short sale, but great price! No need to wait for bank approval... seller is ready to take any good offer.... great pool home! This beautiful home features 3 bedrooms, 2.5 bath, spacious dining room that can be used as a living room (fireplace is located in this room) This lovely home includes refrigerator, stove, and microwave. Master bedroom has double sliding door to a balcony where you can enjoy a beautiful view of the pool and spa. It also has 50 X 22 RV access. The home is located within the Riverside Unified School District. The asking price...
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