Lake Hills Reserve Real Estate - May 2013
What is the big story in the Riverside's Lake Hills Reserve?
Well they may not be million dollar homes, yet, but prices are appreciating. Two active listings ranged from $950,000 - $1,000,000 in the community during the month of May. Whether or not they will sale at these prices remains to be seen but this does convey great news for residents of the Lake Hills Reserve.
Lake Hills Reserve Real Estate Activity
Active Listings: 5 (all standard sales)
Pending Escrows: 7 (3 Standard Sales, 4 Short Sales, 1 REO)
Sold Sales: 4 (2 Standard Sales <1 new construction> 2 Short Sales)
Average price: $422,000 Average price per square foot: $130 Average days on the market: 82
What does this mean for Lake Hills Reserve Sellers?
Last months sold homes ranged in price from $366,000- $465,000 with a square footage range of 2489 - 4094 sq.ft. Based on the different amenities offered in each home the price per square foot ranged from $114 - $147.If you have considered a move-up, a lateral move or downsizing; call me to discuss current market values. It is also a great time to refinance as interest rates remain low.
What does this mean for Lake Hills Reserve Buyers?
With an average price per square foot at $130 this is an opportunity to purchase a home in the desirable mountaintop Lake Hills Reserve. Interest rates remain low however competition is fierce. Successful strategies are needed to procure the home of your dreams. As a community expert I would enjoy discussing your plans and assisting you.
Lake Hills Reserve real estate has appreciated, homeowners are in an equity position and it is a sellers market!
Call me for a free valuation selling, buying or refinancing.
If you are thinking of buying or selling real estate in Riverside,Corona
and surrounding areas call, text or email me.
I would love to assist you!
kristal wilson - kristal clear team
making your real estate transactions kristal clear!
Real Estate Associates