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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Perris. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 909-815-1450
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| Average Home Price | $125,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 10-15% |
| Average Time on Market | 30-60 days |
| Best Selling Price Range | $100,000 - $149,000 |
| Worst Selling Price Range | $350,000 - $399,000 |
| Prices As % of Asking Price | 100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Perris is | Increasing |
| Seller Activity for the past 90 days in Perris is? | Decreasing |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Very tight market |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Incredible affordability with lower prices with good selection and historically low interest rates creates a perfect time to buy in Perris! |
| Nearest Metro Area | Riverside |
| Housing Hot Spots | Most cities within the Riverside County area are considered 'Housing Hotspots' |
| Average Sold Price | $125,000 - View Graph Trend |
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Michael S. Boab
Coldwell Banker Pioneer Real Estate
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