California Real Estate Market – Riverside, Corona, Menifee. In this California Housing Market video I will be covering Riverside CA, Corona CA, and Menifee CA. Which are all located in Riverside County.
I’m Suzy Valentin with Century 21 Now Realty, Your Southern California Realtor bringing You California Real Estate Market Updates.
If you want to learn about Home Buying Tips, Home Selling Advice, and all other real estate related topics, start now by subscribing, so you don’t miss a thing.
Before I begin, I’m Curious, How Do You think our California real estate market is headed? Some people think we are in a Housing Bubble and headed for a housing market crash, while others think it’s going to be stable.
Many think we’re entering a Seller’s market, due to less homes being available on the market. Also with the new interest rate decrease, it might have many buyers starting a bidding war. What are your thoughts? Please comment below.
According to the MLS, In March 2020 Currently
There are 363 Homes for Sale in Riverside CA. They are selling between $200,000 – $6,099,999.
There are 256 homes for sale in Corona CA. They are selling between $365,000 – $7,325,000.
In Menifee, CA there are 261 Homes for Sale. They are selling between $199,999 – $1,495,000.
Out of those homes listed on the MLS, There are 313 Houses For Sale in Riverside, Corona and Menifee that may Qualify for FHA Loans. A First Time Home Buyer Program from the Federal Housing Administration helping buyers purchase a home in Riverside County under $446,890 with only 3.5% Down Payment.
In Riverside CA there are 397 Homes in Escrow, either in Pending Status or are Accepting Back Up Offers. In Corona CA there are 255 in escrow and in Menifee there are 274.
In Riverside CA there are 85 Homes for Rent, and they are leasing between $1,400 to $4,800
In Corona CA there are 54 Homes for Rent, and they are leasing between $1,400 to $8,000
In Menifee CA there are 19 Homes for Rent, and they are leasing between $1,450 to $2,500
Last Month in February 2020,
In Riverside CA, there were 221 Homes Sold, they ranged in price from $220,000 to $1,450,000.
In Corona CA, there were 126 Homes Sold, they ranged in price from $340,000 to $2,000,000.
In Menifee CA, there were 137 Homes Sold, they ranged in price from $143,000 to $734,965.
Now Let’s Dive into these Diagrams which showcases the Average Single Family Home Sales Prices in Riverside, Corona and Menifee From January 2020 till February 2020.
Still too early to tell where the market is heading this year. Make sure you subscribe to my channel to see if the California Housing Market remains consistent and steady.
If you are interested in learning more about home buying tips or home selling advice, then please consider subscribing to my channel and watching either of these videos.
And If you’re in the Southern California area and looking to buy or sell your next home please give me a call, my contact information is in the description below. Thank you for watching and I’ll see You in the next video.
Riverside Real Estate Update August 2019
Corona Real Estate Update August 2019
Menifee Real Estate Update August 2019
Suzy Valentin REALTOR
California Real Estate License# 01905146
Century 21 Now Realty