Whether you’re thinking about investing in the Riverside County real estate market, are looking to sell your Riverside home, or are simply curious about the state of the real estate market in Riverside County, you’ve come to the right place!
At Barbara Bowers Realty Group, we understand that understanding real estate trends in the Riverside County community can be vital to making knowledgeable and informed decisions regarding your next real estate purchase. As with all of our clients, we will work with you – whether buying or selling – to look at comparable homes, market trends and historical data to determine a fair value for your property. We also work with our clients to ensure they buy and sell strategically based on these trends.
With that being said, let’s take a look at the current real estate market in Riverside County and the important data that will help you with your next real estate transaction.
Homes for Sale in Riverside County: Market Trends
According to the California Association of Realtors® Sales and Price Activity Report for April 2014, the median sold price of existing single-family homes was $310,670 in March 2014 and $309,240 in April 2014, a month-to-month change of -0.5 percent. These numbers are up 12.7 percent year-to-date, telling us that sellers are getting more for their homes in 2014 than they did in 2013. Similarly, sales have increased 3.8 percent from March to April.
A few things we are currently seeing in the Riverside County real estate market back up these statistics. First, we are seeing a reduction of foreclosure and short sale inventory in the market, which boosts the median sales price. In April, for example, RealtyTrac estimates that the number of properties that received a foreclosure filing in Riverside County was 6 percent lower than the previous month. Second, we are seeing more and more competition among buyers in the market. Multiple offer situations and urgency for showings are both increasing, which further fuels the increase in sales price. Although sellers are getting more for their homes, this is still an excellent market for buyers. We are encouraging our buyer clients to act quickly on the properties they are interested in, as prices are likely to continue to rise.
These figures also align with the recent release of Fannie Mae’s Economic & Strategic Research Group report, which indicates a marked increase in consumer spending since 2010 and a “modest re-acceleration” predicted for the end of 2013 and the beginning of 2014. Further growth in the housing market was also anticipated, which is good news for those looking to sell their home in Riverside County. Increased home demand will also continue to be a significant contributor to the growth of the market for the rest of 2014.
Now that you’ve got more information on the real estate market in Riverside County, it’s time to take the next step. Below you’ll find a few tips that will help you get started in the right direction – whether buying or selling.
Buying a Home in Riverside County
- Contact an experienced, knowledgeable real estate professional.
- Speak with a mortgage lender about financing and to get pre-qualified.
- Narrow down the qualities you’re looking for in a home.
- Begin your online search using our Property Search function.
- Schedule in-person tours of your favorite properties.
- Make an offer based on comparable data and trends.
Selling a Home in Riverside County
- Contact an experienced, knowledgeable real estate professional.
- Discuss the sale of your home with your banker or mortgage holder.
- Declutter and stage your home for successful showings.
- Discuss your marketing strategy with your Realtor®.
- Consider all offers based on comparable data and trends.
When you’re ready to explore the real estate market in Riverside County in more depth, our team of real estate professionals is standing by to assist you. Whether you’d like more statistical information or would like to schedule a consultation regarding your specific needs, please do not hesitate to contact us today. Backed by years of experience in the Riverside County real estate market, it would be our pleasure to share our knowledge and expertise with you. From rural land or vineyard properties to exceptional estate homes and traditional single-family homes, let our team be your guide to the area’s best real estate deals. We look forward to hearing from you soon and to helping you with all your real estate needs. Let’s get started today!
The Temecula Valley is renowned for its exceptional natural beauty, rich history, fantastic shopping, year-round entertainment and world-class recreational opportunities. Drawing countless visitors and new residents each year, you’ll find that Temecula boasts a wealth of offerings to keep you and the family busy and culturally satisfied throughout the year. In fact, Temecula is well known for its championship golf courses, award-winning wineries, and near perfect climate – but that’s just the beginning.
As local real estate professionals that live, work and play within the communities we service, our team at Barbara Bowers Realty Group is delighted to share with you some of our favorite Temecula Valley Summer Events just in time for summer. That being said, this is not a complete list, as there are too many wonderful events in the Temecula Valley to mention. We will keep you updated on everything Temecula has to offer in our Temecula Events section. In the meantime, let’s take a look at some of the best Temecula Valley summer events below.
Temecula Valley summer events:
Temecula Valley Balloon and Wine Festival: May 30th – June 1st
Perhaps one of our most favorite events during the year is the Balloon and Wine Festival. The 2014 Temecula Valley Balloon and Wine Festival will be held May 30th through June 1st this year. One of the Temecula Valley and Southern California Wine Country’s major events, this colorful, annual festival draws in more than 40,000 attendees each year. Offering dramatic and awe-inspiring hot air balloon glows and the ability to savor Temecula Valley award-winning wines, live music and entertainment, it is no wonder this festival has continued to grow each year. This year’s entertainers include Justin Moore, Frankie Ballard, 3 Doors Down, Gin Blossoms, Warrant and Taylor Carroll. For more information on the 2014 Temecula Valley Balloon and Wine Festival, visit the festival website.
Old Town Temecula Certified Farmer’s Market
The perfect way to spend a weekend afternoon, the Temecula Farmer’s Market offers locally grown goodies ranging from cherries and peaches to local wines. Dates are: May 31; June 7-14-21-29; July 5-12-19-26; and August 2-9-16-23-30.
Old Town Temecula Street Painting and Plein Air Festival: June 20th-22nd
The Old Town Temecula Street Painting and Plein Air Festival is a unique and exciting festival held each year at Old Town Temecula’s Town Square, Main and Mercedes Streets. More than 140 artists paint giant murals on the asphalt during the three-day event, while plein air artists paint alfresco on traditional canvases. Live music and a welcoming festival atmosphere complete the weekend.
Pechanga Pow Wow: July 11th – July 13th
Local residents and visitors can experience authentic native culture as thousands from throughout the country celebrate their heritage with Native American dancing, drumming and vibrant performances including gourd dances, formal entry parades, invocations, games and an awards ceremony. The Pow Wow is typically held at the Pechanga Casino in Temecula, with more than 60,000 people attending the event each year. More than 100 vendors will be at the event selling native arts, crafts, food, blankets, and more.
4th of July Parade in Downtown Old Town Temecula: July 4th
The Temecula 4th of July Parade in Downtown Old Town will start at 10am Friday morning and will follow Downtown’s Old Town Front Street. Each year, countless equestrians, marchers and floats dazzle onlookers while the sage-covered hills provide a beautiful Temecula backdrop. Parking is typically available at the Old Town Parking Garage, south of the Civic Center on Mercedes Street, and Old Town Front Street will be closed from approximately 9am to noon.
Hot Summer Nights: Old Town Temecula: July 11-18-25; August 1-8-15-22-29
Hot Summer Nights is one of the most anticipated concert series of the year in Temecula. Live bands of all genres – blues, tribute, beach, big band, rock and country – inspire the audience in this vibrant series. Located in historic Old Town, this 12-block, pedestrian friendly event draws residents and visitors from across the region throughout the summer.
These are just a few of the many wonderful attractions and events held each summer in the Temecula Valley. For more information on Temecula Valley Summer Events or events throughout the year, please do not hesitate to bookmark our website.
Barbara Bowers Realty Group is an experienced real estate firm that specializes in land, commercial and residential real estate throughout the Temecula Valley and the surrounding areas. To learn more, please feel free to browse the About Us section of this website. Should you have any questions, we are always just a phone call or website inquiry away. We look forward to hearing from you soon.
It’s here! Barbara Bowers Realty Group has a new website. It is with great excitement that our team at the Barbara Bowers Realty Group introduce our new state-of-the-art website, www.BarbaraBowersRealty.com. Designed with our current and prospective clients in mind, as well as anyone who loves or wants to learn more about the Temecula Valley and the surrounding areas, our team developed this new site to be the area’s leading resource for community information and events, and to provide full access to search the Multiple Listing Service. Within our website, visitors can browse Featured Properties or can search via a number of detailed criteria including property type, price, area and more.
As visitors arrive at BarbaraBowersRealty.com, they will immediately be presented with the opportunity to perform a Quick Search or to browse Featured Properties. If you know the community that you’d like to live in, simply choose the city and your price range to begin. For a more detailed searching experience, visitors can use the Properties Search function to browse via number of bedrooms and bathrooms, minimum and maximum price, square footage or acreage size, or more specific criteria such as the number of days on the market or homes that offer virtual tours or open houses. Results will be displayed in an easy-to-navigate format that further enhances the searching experience. From there, you can sort the results by price, size, or date of listing. Perhaps the most impressive search function is the Map Search, which displays available listings on an interactive map and allows buyers to see the homes for sale in their favorite neighborhoods.
Below is a list of some of the most popular search options available in our new Barbara Bowers Realty Group website include:
- Featured Properties Search
- Property Quick Search
- Advanced Search
- Listing ID Search
- Address Search
- Map Search
Use these search functions to begin your property search today! Should you have any questions or would like to schedule a tour of our community and any of the homes or land you see here, our team at Barbara Bowers Realty Group is standing by to take your call. Do not hesitate to contact us today!
Temecula Real Estate For Sale
Using the information and knowledge we have collected over years of experience and service in the Temecula Valley real estate market, our team at Barbara Bowers Realty Group is confident you will find our new website to provide you with the tools and resources you need for success in the real estate market – whether buying or selling. From opulent estate homes on multiple acres in Murrieta to vineyard land in Temecula or a condominium in Bear Creek, you’re sure to find the information you need to make an informed and knowledgeable decision regarding your next real estate move.
Specializing in the purchase and sale of land, residential and commercial real estate throughout the Temecula Valley, including the areas of Bear Creek, De Luz, La Cresta, the Santa Rosa Plateau, and Tenaja, our team of real estate professionals can assist you with all your real estate needs. Our team is consistently ranked among the top in the community and offers only top-notch service; an achievement that is paramount in an industry where knowledge and experience counts.
Furthermore, our partnership with Coldwell Banker ensures that our clients receive only the highest level of services. A subsidiary of Realogy Corporation, Coldwell Banker boasts more than 3,800 independently owned and operated residential and commercial real estate offices with over 126,000 Sales Associates globally. By partnering with Coldwell Banker Previews International, we further tap in to the resort, new home and luxury properties division and can provide our buyer clients with unparalleled access to some of the world’s finest homes and our seller clients with the world-class marketing tools needed for these type of exceptional properties.
With the launch of the new Barbara Bowers Realty Group website, we invite you to learn more about our team, our community, and the wealth of exceptional properties available to you in our region. Whether you’re a first-time homebuyer, a seasoned investor, or need the marketing and sales assistance of a qualified and experienced professional, please do not hesitate to contact us today! We look forward to hearing from you and to earning your trust and lasting business. Let’s get started!