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April 17, 2008

5

56% of Homes Sold In Riverside County California Were Forclosures

by Bob Schwartz
  • home foreclosuresForeclosures are driving price declines.  Riverside/San Bernardino was most affected.  Fifty-six percent of homes sold in Riverside County in March were foreclosures, which caused the area’s median price to drop 27 percent to $306,250.  San Bernardino’s median price fell 28 percent to $265,000.
  • Orange County continues to be the most expensive market in the region at $506,000, which was 20 percent below last year’s median price for March. San Diego home sales
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5 Comments
  1. San Diego County hotels
    Apr 22 2008

    It looks like San Diego definitely isn’t the only real estate market suffering.

    Rebecca
    San Diego Tourism

  2. San Diego California dentist
    Apr 22 2008

    Tough times in real estate may change the California conventional wisdom that you can never lose in real estate.

    Kathy
    SD Family Dentistry

  3. San Diego real estate agents
    Apr 22 2008

    I think people’s expectations of multiple digit appreciation each year in real estate is now proven to be a total fallacy.

    Erica
    San Diego County Real Estate Brokerage

  4. San Francisco attorneys
    Apr 22 2008

    Homeowners should be prepared to ride out the current fluctuation, because in the long run values should continue to escalate. Hopefully not everyone has to foreclose.

    -Kelly
    San Fran Lawyers

  5. San Diego Lasik surgery
    Apr 23 2008

    Capitalism is not to blame for the housing bubble, the Federal Reserve is. Specifically, Fed intervention in the economy– through the manipulation of interest rates and the creation of money– caused the artificial boom in mortgage lending.
    Lasik San Diego California

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