Loma Linda Real Estate Market - View Loma Linda Real Estate Market Trends in California

Winter 2012 Market Update I haven’t seen buying opportunities like this since the mid-90s. I think that prices are over-correcting to the downside, and will be followed by an upswing that will leave those that didn’t buy wishing they had! When multiple buyers are bidding against each other, then the prices have reduced to meet the market. This is the time to buy - not the time to try to time the bottom of the market!
Average Home Price	$275,000 - View Graph Trend

Average Price Compared to Last Year	Down 15-20%

Average Time on Market	30-60 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$550,000 - $599,000

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Loma Linda is	Increasing

Seller Activity for the past 90 days in Loma Linda is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	95% of all listings have multipul offers within the first 10 days on the market. The current market conditions are very time sensitive and competitive. Being pre approved by a Direct Lender is a requirement to make an offer in today’s market.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	30-35%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	All buyers must be pre approved by a Direct Lender in order to submit an offer on a property. We have Direct Lenders that we can get you in touch with, just give us a call

Housing Inventory	Limited Supply

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices on listings and low interest rates make it the perfect time to purchase a home. If selling your home there are more buyers than there are listings, this creates multipul offers which should insure you of getting your aksing price.

Nearest Metro Area	Riverside

Housing Hot Spots	The newer developments along Mission Street are going through a selloff at deep discounts from original pricing. The rest of the REO and pre-foreclosure activity is scattered throughout the city.

Average Sold Price	$275,000 - View Graph Trend

Loma Linda Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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