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

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 isIncreasing
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 AreaRiverside
Housing Hot SpotsMost cities within the Riverside County area are considered 'Housing Hotspots'
Average Sold Price $125,000 - View Graph Trend

Perris 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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Michael S. Boab
Michael S. Boab
     909-815-1450
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Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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Michael S. Boab
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Michael S. Boab
Coldwell Banker Pioneer Real Estate
Coldwell Banker Pioneer Real Estate

  909-815-1450




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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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