Ok, I will concede that most of those epic declines are in areas that are borderline ghetto. But some are in areas that are not that bad.
Here's the top 10 list (note I did not include areas with less than 10 sales).
1)
San Berdu, 92410 down 70.20% Now if you are ready for a shock, that means the median price in this zip fell from $310K last July to $92K this July. And there were 39 sales, so it's not due to a very small data set.
2)
San Berdu, 92411 Down 68.10% (22 sales)
3)
Riverside, 92501 Down 60.90% (18 sales)
4)
San Berdu, 92405 Down 56% (41 sales)
5)
San Berdu, 92404 Down 52.3% (73 sales)
6)
Rialto, 92376 Down 51.4% ( 89 sales!)
7)
Moreno Valley, 92553 Down 51.3% (114 sales!)
8)
Perris, 92571 Down 49.6% (132 sales!)
9)
Perris, 92570 Down 48.8% (34 sales)
10)
Desert Hot Springs, 92240 Down 48.2% ( 71 sales)
RIVERSIDE | SFR | Price | % chg | $/Sq Ft | |
Countywide | 3,251 | $250 | -37.00% | $123 | |
Aguanga | 92536 | 2 | $325 | -9.70% | $136 |
Banning | 92220 | 32 | $190 | -32.10% | $128 |
Beaumont | 92223 | 70 | $240 | -26.20% | $116 |
Blythe | 92225 | 11 | $173 | -6.30% | $137 |
Cabazon | 92230 | 6 | $125 | -46.20% | $77 |
Calimesa | 92320 | 3 | $202 | -31.60% | $226 |
Canyon Lake | 92587 | 31 | $260 | -44.00% | $145 |
Cathedral City | 92234 | 63 | $220 | -36.70% | $130 |
Coachella | 92236 | 36 | $184 | -38.50% | $104 |
Corona | 92879 | 53 | $305 | -28.40% | $169 |
Corona | 92880 | 102 | $390 | -27.80% | $132 |
Corona | 92881 | 59 | $358 | -39.30% | $166 |
Corona | 92882 | 101 | $341 | -31.70% | $164 |
Corona | 92883 | 92 | $340 | -37.00% | $150 |
Dsrt Hot Springs | 92240 | 71 | $128 | -48.20% | $86 |
Dsrt Hot Springs | 92241 | 6 | $170 | -18.30% | $96 |
Hemet | 92543 | 29 | $123 | -41.00% | $101 |
Hemet | 92544 | 64 | $168 | -42.10% | $105 |
Hemet | 92545 | 55 | $210 | -28.50% | $92 |
Idyllwild | 92549 | 14 | $324 | -12.10% | $223 |
Indio | 92201 | 68 | $213 | -40.80% | $127 |
Indio | 92203 | 39 | $256 | -29.90% | $114 |
La Quinta | 92253 | 94 | $347 | -37.10% | $176 |
Lake Elsinore | 92530 | 96 | $210 | -38.20% | $118 |
Lake Elsinore | 92532 | 44 | $262 | -42.80% | $103 |
Mecca | 92254 | 1 | $77 | -55.00% | $45 |
Menifee | 92584 | 111 | $250 | -29.10% | $111 |
Mira Loma | 91752 | 26 | $360 | -27.90% | $131 |
Moreno Valley | 92551 | 69 | $178 | -43.10% | $111 |
Moreno Valley | 92553 | 114 | $162 | -51.30% | $103 |
Moreno Valley | 92555 | 85 | $245 | -45.60% | $100 |
Moreno Valley | 92557 | 113 | $201 | -40.00% | $113 |
Mountain Center | 92561 | 1 | $200 | -72.40% | $397 |
Murrieta | 92562 | 129 | $301 | -35.60% | $114 |
Murrieta | 92563 | 157 | $280 | -36.40% | $104 |
Norco | 92860 | 28 | $490 | -20.00% | $172 |
Nuevo | 92567 | 6 | $268 | -13.40% | $136 |
Palm Desert | 92211 | 30 | $344 | -27.70% | $188 |
Palm Desert | 92260 | 30 | $397 | -30.70% | $205 |
Palm Springs | 92262 | 38 | $435 | -2.40% | $233 |
Palm Springs | 92264 | 22 | $535 | -8.90% | $250 |
Perris | 92570 | 34 | $213 | -48.80% | $101 |
Perris | 92571 | 132 | $175 | -49.60% | $97 |
Rancho Mirage | 92270 | 28 | $627 | -27.20% | $206 |
Riverside | 92501 | 18 | $215 | -60.90% | $148 |
Riverside | 92503 | 110 | $250 | -41.30% | $151 |
Riverside | 92504 | 48 | $212 | -41.10% | $152 |
Riverside | 92505 | 36 | $237 | -40.40% | $150 |
Riverside | 92506 | 48 | $293 | -28.70% | $181 |
Riverside | 92507 | 24 | $278 | -28.80% | $157 |
Riverside | 92508 | 57 | $340 | -29.90% | $136 |
Riverside | 92509 | 61 | $249 | -33.50% | $148 |
San Jacinto | 92582 | 22 | $210 | -38.60% | $90 |
San Jacinto | 92583 | 70 | $174 | -38.90% | $92 |
Sun City | 92585 | 30 | $215 | -14.70% | $111 |
Sun City | 92586 | 38 | $169 | -17.70% | $117 |
Temecula | 92590 | 2 | $105 | -90.50% | $93 |
Temecula | 92591 | 54 | $300 | -31.80% | $141 |
Temecula | 92592 | 127 | $330 | -25.50% | $134 |
Thousand Palms | 92276 | 4 | $154 | -8.10% | $105 |
Wildomar | 92595 | 45 | $275 | -29.70% | $116 |
Winchester | 92596 | 54 | $280 | -26.30% | $103 |
7 comments:
I think this has been asked before, but I can't remember.
Do the number of sales reflect homes that were sold back to the bank or just traditional (whether bank owned or not)sales to regular buyers?
These numbers are only the regular sales. They don't include the transactions where the banks are taking the homes back after a foreclosure.
Recently I have purchased a couple homes where I paid basically 100k for homes that the last person paid 330k on one and 315k on the other.
These are 3/2 1100 sq. feet plus homes that will easily rent for 1250 to 1295 and the repairs were minor. Paint, carpet and good cleaning. This is the most amazing market and I now firmly believe I will meet my 100 house goal no problem.
This song plays in my head each morning when I'm eating my bowl of cereal.
http://www.youtube.com/watch?v=w-DcNPFWhbk
Recently I have purchased a couple homes where I paid basically 100k for homes...
How do you pay "basically" for a house? Most people paay exactly for houses. Fess up, you are not engaging in arms length closed end retail transactions are you?
http://www.redfin.com/CA/Norco/299-Haflinger-Rd-92860/home/6443569
Check out this norco listing. Down 450,000 dollars from peak.
There are better deals in Norco hills than that home. The kitchen is gutted on that one.
RobDawg, gear down there big shifter. I'll give you the benefit of the doubt that you are not being to serious. The damn internet is so hard to judge sentiment. :)
Ok, I will list the specific price so you can be happy:
3/2 1275 sq. footer built in 1988 for 98,500
3/2 1205 sq. footer built in 1990 103,200
These are just my last two acquisitions in the last ten days. I currently have three more open escrows where I'm buying similar homes at similar prices all in the same neighborhood. So therefor I'm basically paying 100k for 1200 square foot 3 bed, 2 bath homes.
There, are we friends again?
LOL
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