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Riverside Real Estate

Posted last March 18, 2010, 1:24 am in Real Estate report article

The Riverside real estate market is now up for a turn-around in 2010 as the prices of Riverside homes start an upward trend. The home prices in Riverside reached its median peak in January 2007 and dipped below $200,000 in 2009 at its lowest.

Based on the statistics from Trulia.com, a top real estate portal, the median sales price for homes in Riverside, CA from Dec 09 to Feb 10 was $195,000. It increased by 5.4% or about $10,000 in comparison to the prior quarter but still a 2% decrease when compared to last year. The Riverside real estate market was devastated with a huge drop of home sale prices, a depreciation in value of 44.3% over the last five years.

The average listing price for Riverside homes for sale on Trulia was $279,264 for the week ending Mar 10, which represents a decline of 0.3%, or $845, compared to the prior week and a decline of 6.1%, or $18,139, compared to the week ending Feb 17. Average price per square foot for Riverside CA was $130, a decrease of 1.5% compared to the same period last year. Popular neighborhoods in Riverside include Canyon Crest, La Sierra, Orangecrest, Magnolia Center, La Sierra South, and Arlington.

Riverside median sales prices
Riverside Recently Sold Homes

 

Number of sold homes in Riverside
Riverside Recently Sold Homes

 

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