Riveside County, Ca
Welcome to the Riverside County Real Estate Guide!
Living in Riverside County offers so many great opportunities for its residents. With sunny weather year-round, plenty of outdoor activities available, and a diverse population, it’s easy to see why this could be a great place to call home.
From quaint suburban neighborhoods with quiet streets and tree-lined sidewalks to vibrant downtown areas bustling with small businesses and cultural attractions, there’s something for everyone here. If you’re looking for a career change or just want to explore other job options, Riverside County offers an abundance of job opportunities ranging from professional services to industrial manufacturing.
Additionally, the area is known for its world-class healthcare system, robust public transport infrastructure, and highly-ranked education facilities. Whether you’re considering living in the area or are already making it your home – Riverside County is a wonderful place to live!
Buyer Education
Home price ranges / average sales price in Riverside County, Ca
The average sale price for a home in Riverside County, California is around $400,000. However, the prices of homes can vary greatly based on their size and location. You can find houses ranging from starter homes in the low 100s to million dollar estates. The median list price per square foot is around $220, making it a competitive market compared to other areas in California. Additionally, Riverside County has some of the most attractively priced rural land and farms, providing an excellent investment opportunity for those looking to invest in real estate in this region.
Investment Guidelines
Buying and investing in Riverside County, California can be a smart decision. The area offers competitive sale prices for homes and includes a variety of properties ranging from starter homes to million dollar estates. Additionally, the median list price per square foot is one of the most competitive rates in the state. There are numerous job opportunities available ranging from professional services to industrial manufacturing. The area is also known for its world-class healthcare system, strong public transport infrastructure, and highly-ranked education facilities – making it an attractive place to live and invest. With so many great opportunities and amenities available in Riverside County, it can be worth considering if you’re looking to buy or invest here.
Demographic Evaluation
According to the US Census Bureau, the population of Long Beach, CA is diverse and includes people of different ethnic backgrounds, religions and income levels. The median household income in Long Beach is $59,948, while the median age is 36.2 years. The unemployment rate in the city was 7.3% as of May 2020. Local trends include an increase in housing prices and a growth in start-up businesses.
Long Beach is home to a variety of businesses, a large port, and numerous attractions including the Aquarium of the Pacific and the Queen Mary. Job growth has been positive in Long Beach, with the city adding 6,900 jobs from 2018-2019. Notable employers include Boeing, AT&T Mobility Services LLC, Molina Healthcare Inc., Epson America Inc., amongst others.
Property Value Analysis
The Property Value Analysis of Riverside County, California shows that the market is very competitive with the median list price per square foot being around $220. Additionally, the average sale price for a home in this region is around $400,000. Not only do you have a wide range of property prices to choose from, but they’re also lower than other counties in California.
Furthermore, the area is known for its strong job opportunities and excellent public amenities such as healthcare system, education facilities and transport infrastructure – making it an attractive place to live and invest in. Ultimately, it could be worth looking into if you’re considering buying or investing in Riverside County.
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Buyer Education
Location
When looking for desirable and safe neighborhoods in Riverside County, California, some of the most popular options include Riverside Hills, Orangecrest, La Sierra South, Canyon Crest, Woodcrest and more. These neighborhoods have been praised for their low crime rates and excellent amenities such as shopping centers, restaurants and cafes. Additionally, they often offer beautiful homes that come with scenic views of the nearby mountains or desert hills. Ultimately, these are all great places to consider if you want to buy or invest in a property in Riverside County.
Buyer Education
Market conditions
The Riverside County real estate market is currently showing positive signs of growth. The most recent reports show that the median sale price for homes in Riverside County is up 3.7% from this time last year, and there is an inventory of 4.7 months. In terms of appreciation rate, the county has seen a 6.4% increase since this time last year. Additionally, homes are seeing an average of 26 days on the market before selling, which is down 2 days from this same time last year. Overall, these numbers paint a picture of a robust housing market in Riverside County with plenty of desirable and safe neighborhoods to choose from.
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Image by pch.vector on Freepik
Buyer Education
Rental demand
The rental potential of properties in Riverside County is high with an estimated average monthly rent of $2,000. Investors can expect a healthy return on investment as well, with annual returns of 8-10% estimated when considering the cost of buying, carrying and selling costs. This is much higher than traditional bank deposits where you may only get 2-3%. Additionally, there are numerous government and local incentives which can be taken advantage of by investors for even bigger returns.
Buyer Education
Amenities
Riverside Hills
- Schools: Jefferson Elementary School, Amelia Earhart Middle School, La Sierra High School
- Parks: Alcott Park, Valle Vista Park, La Sierra Park
- Shopping Centers: The Shops at Dos Lagos, Canyon Crossroads Shopping Center
Orangecrest
- Schools: Chalker Elementary School, Tyler Middle School, King High School
- Parks: Aaron Simpson Family Park, Blaine Ashley Sports Complex
- Shopping Centers: Victoria Plaza Shopping Center, Spring Mountain Plaza shopping center
La Sierra South
- Schools: Singleton Elementary School, Katherine Finchy Elementary school, Martin Luther King Junior High School
- Parks: Friendship Park Community Center , Crestmore Heights Adult Sports Field
- Shopping Centers: Sycamore Highlands Market Place. Mission Grove Towne Center.
Canyon Crest
- Schools: Woodcrest Elementary school , Santiago High School
- Parks: Alessandro Community Park , Pachappa Hill Open Space Preserve
- Shopping Centers: Riverside Plaza Mall , North Town Square Mall
Woodcrest
- Schools : Perris Hill Elementary school , Indian Springs High school
- Parks : Rubidoux Nature Center and Water Conservation Area , Rori Tipton Memorial Youth Sports Field
- Shopping Centers : Imperial Empire mall
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Buyer Education
Economy
Riverside County has seen steady job growth in recent years, with an unemployment rate of 4.9% as of February 2020 being down from 5.1% a year before. This has helped to drive income levels and promote economic growth, both of which have a direct impact on home prices. Job growth leads to a greater demand for housing, which increases the prices of homes. Additionally, higher wage incomes provide buyers with more purchasing power which can also cause property prices to increase over time. All factors considered, it is safe to say that Riverside County is seeing positive signs for future home prices.
West BLVD Realty
Office
10221 Slater Ave. #218, Fountain Valley, CA 92708
Phone Number
(562) 537-5924
Business Hours
24/ 7 / 365
