Sunday, September 20, 2009

Sales by Zip Code

I'm kinda tired after 4 days in Sin City so I don't have much energy for a long post. I see DQ has posted the sales by zip code numbers, here they are. Nothing really earth shattering here other than the drop is sales numbers. It could be a statistical fluke of a sign that the market isn't as healthy as some folks would like us to believe (not that we would of course).

RIVERSIDE CO
SFR Price % chg $/Sq Ft
Countywide 3,280 $185 -21.30% $95
Aguanga 92536 2 $270 13.90% $102
Anza 92539 2 $101 11.30% $67
Banning 92220 44 $115 -25.20% $73
Beaumont 92223 85 $190 -19.10% $85
Blythe 92225 7 $180 -1.40% $119
Cabazon 92230 3 $93 -41.10% $68
Calimesa 92320 6 $137 -41.90% $83
Canyon Lake 92587 50 $169 -31.20% $97
Cathedral City 92234 61 $158 -28.40% $93
Coachella 92236 43 $141 -29.80% $73
Corona 92879 41 $250 -16.80% $141
Corona 92880 97 $357 -1.50% $120
Corona 92881 32 $324 -12.70% $146
Corona 92882 59 $250 -24.70% $154
Corona 92883 74 $290 -16.20% $131
Dsrt Hot Springs 92240 73 $84 -33.30% $56
Dsrt Hot Springs 92241 9 $135 -26.00% $73
Hemet 92543 40 $71 -35.90% $58
Hemet 92544 61 $102 -40.70% $63
Hemet 92545 85 $133 -28.10% $65
Homeland 92548 4 $140 -28.20% $88
Idyllwild 92549 6 $124 -57.40% $124
Indian Wells 92210 4 $481 -58.40% $164
Indio 92201 73 $134 -34.90% $86
Indio 92203 51 $205 -18.00% $91
La Quinta 92253 90 $275 -19.10% $137
Lake Elsinore 92530 99 $145 -23.70% $87
Lake Elsinore 92532 57 $205 -21.20% $79
Mecca 92254 4 $83 -2.90% $63
Menifee 92584 89 $185 -24.90% $88
Mira Loma 91752 35 $300 -16.40% $126
Moreno Valley 92551 76 $137 -24.90% $76
Moreno Valley 92553 129 $119 -21.00% $78
Moreno Valley 92555 88 $195 -18.80% $80
Moreno Valley 92557 94 $142 -23.50% $86
Mountain Center 92561 4 $110 -44.70% $154
Murrieta 92562 94 $260 -8.80% $105
Murrieta 92563 107 $244 -12.90% $95
Norco 92860 35 $307 -31.00% $153
Nuevo 92567 14 $155 -24.40% $86
Palm Desert 92211 33 $314 -12.90% $157
Palm Desert 92260 22 $303 -15.30% $147
Palm Springs 92262 42 $240 -38.50% $141
Palm Springs 92264 16 $385 -48.00% $222
Perris 92570 52 $145 -34.10% $81
Perris 92571 115 $135 -23.90% $71
Rancho Mirage 92270 32 $635 5.40% $226
Riverside 92501 18 $197 -12.30% $117
Riverside 92503 106 $240 1.40% $124
Riverside 92504 78 $216 2.90% $129
Riverside 92505 51 $240 2.10% $139
Riverside 92506 49 $330 24.80% $197
Riverside 92507 40 $240 0.00% $143
Riverside 92508 42 $310 7.10% $131
Riverside 92509 88 $160 -26.60% $107
San Jacinto 92582 70 $150 -25.00% $59
San Jacinto 92583 47 $122 -18.80% $64
Sun City 92585 25 $165 -25.00% $87
Sun City 92586 32 $120 -27.60% $84
Temecula 92590 1 $590 -35.20% $181
Temecula 92591 67 $233 -21.00% $117
Temecula 92592 124 $290 -12.10% $116
Thermal 92274 3 $148 n/a $85
Thousand Palms 92276 10 $110 -36.20% $72
White Water 92282 3 $100 -8.30% $51
Wildomar 92595 36 $218 -8.80% $85
Winchester 92596 48 $228 -17.30% $85

14 comments:

Tyrone said...

Love that Temecula. Here is one the first videos to hit the scene, showing the early warning signs (and more signs, and more signs) of the housing bubble...
The Temecula Housing Wall
.

FairEconomist said...

The price differential between Moreno Valley ($76-86/sq. ft.) and Riverside ($117- $196/sq. ft.) is really stunning given that they are next to each other and aren't all that different in terms of neighborhood safety. Either Riverside has a ways to go down or Moreno Valley is a really good buy. Temecula looks suspiciously high too.

Allison said...

FairEconomist - There is a HUGE difference between Riverside and Mo Val in my opinion. Huge. Riverside will always be higher than Mo Val. I, for one, would never live in Mo Val, but love Riverside.

I do find it very interesting that when you look at that list Riverside is the only one in the positive. Holding steady in Riverside I guess.

golfer_X said...

There is a difference but it's not been 30% or 40% traditionally. It also depends on what part of Rivy you are comparing it too. I would rather live in MoVal than over by the airport for instance. Most of Moval is fairly nice. I have lots of friends and family there and spend a lot if time there. Honestly, comparing the two there's not much difference. The better areas of Riverside are certainly better than the better areas of MoVal. But the rest is a toss up.

I think Moval has probably overshot a bit. The prices there are pretty good now. You can buy 2 year old 3000 s/f homes for around 200k. You can get a decent older 1500-2000 s/f home in a reasonable area for well under $150k

Riverside probably has a wee bit left to fall.. That difference in price per sq/ft is one of the things I do look at when trying to determine if an area is still overpriced or not.

Sigma said...

I'm just taking a guess but it's possible since MoVal is newer their prices are lower due to a lot of the CFD/SpecialAssessment/Mello Roos.

That's just a guess though. For example, I was looking at the northern Lake Elsinore community (forgot what it's called) where a brand spanking new 3500 sq ft home with massive upgrades was only $300k.

BUT the taxes $300 a month + HOA $250 a month + CFD of over $400 a month means that you are paying about $1000 a month alone in taxes! Can you imagine if you even had paid off the house in cash, you'd still have $1000/month payment on your house!? To live in the boonies? Ridiculous!

golfer_X said...

Most newer tracts will have CFD (mello Roos) and a lot of them will have HOA (although $250/mo is very high). It doesn't matter if you are looking in MoVal, Perris, Temecula, Corona or where ever. Most anything built in the last few years is going to have crazy high taxes. Very few tracts have been built that don't have a CFD tax. The average is probably $3000 per year for the CFDs and many of the tracts built after 2005 will have CFDs up around $5000 per year. Yup, it's nutz!

Sigma said...

Odd. My parents live in a new tract of homes in Rancho Cucamonga 91739 that do not have any special assessment whatsoeve

I'm really close on closing a deal in Sycamore Creek but now I'm getting cold feet after reading about Corona gang problems. My kids will be in high school in a couple years and I'm thinking about that.

What do you guys think? I've lived in Alta Loma half my life and my kids grew up in South Bay. Alta Loma was mostly white so I didn't have any gang problems.. but I notice demographic for Corona schools are 50%+ hispanic and apparently stats say more gangs. Is it true?

golfer_X said...

The KB tract just north of Sycamore does not have Mello and "The Highlands" off Buchanon doesn't. That's the only two newer tracts I know of in Corona that don't have MR.

Didn't know there was a "gang problem" in Corona. Most of the Corona schools are pretty good. Don't rely too much on the media. You should know by now the news has a tendency to ignore the good and exaggerate the bad. After all they are trying to sell a product.

Sigma said...

golfer_x I was trolling the Topix , redfin & trulia forums and relying on reviews of people that live there. I'm scared sh1tl3ss now and getting cold feet.

Just for kicks though, would you rather live in:

1) Sycamore Creek
-or-
2) Tuscany Hills (Lake Elsinore)
3) Canyon Lake

I don't mean to dominate all of your threads with my inquiries, but any feedback would be very appreciated.

golfer_X said...

I commute to the OC so I would choose Sycamore if I had to choose one of those. The other two are too far. If I didn't commute and wanted to live down that direction I would go farther down into Murietta or Temecula. If you want to be in an area with mo white folks then Temecula is where you should be looking.

Sigma said...

Ok but where would Asian kids feel a better fit? Alta Loma was safe growing up but I did remember a lot of racism from children, since at the time it was 99% white.

So perhaps I have to make a decision of racism from other kids , versus a less safe area? Unless you're really trying to convince me that Corona isn't as bad as a lot of these forums are making them out to be.

Michelle said...

sigma,
there's a good mix of every race in corona. its even more evident in eastvale. just walk into ralphs or vons at any given time and you will see black, white, hispanics, asians...
better yet, just go visit the schools where you want to live, that will give you an accurate picture of who your kids will go to school with.

who me? said...

I know folks with kids at all the high schools in Corona-Norco and teachers at most of them. There maybe gang problems in the area, I don't know about that, but the schools are very proactive about keeping them out and about security. I have not heard anything about gangs causing problems in the schools themselves and no one has said anything about their kids feeling unsafe at school. Mostly folks seem satisfied with the high school situation, except for the large classes this year due to budget cuts.

gprofessionals04 said...

Even when you were tired, you compiled a good list over here. I agree with you, it is spread all over that, market is moving ahead to regain its earlier position and soon will do it. However, reality is not that.
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