91752 Residential Real Estate Market Update (Jurupa Valley-Eastvale) - June 2024

The 91752-zip code, located in Riverside County, California, encompasses a small part of Eastvale (east of Hamner Avenue) and the western part of Jurupa Valley (Mira Loma area). The history of the ’52 zip code is closely tied to the development of these communities. Here’s a brief overview:

Throughout the 19th and early 20th centuries, the area was predominantly agricultural. It was known for its dairy farms and fields of crops, which benefited from the region’s fertile soil and favorable climate.

After World War II and into the 20^th century, the region began to transform like many areas in Southern California. The growth of the Los Angeles metropolitan area, transportation improvements, and the increasing demand for suburban housing led to the development of residential communities, eventually becoming the cities of Eastvale and Jurupa Valley.

Today, the 91752-zip code is characterized by its suburban residential communities, commercial developments, and remaining agricultural areas. It reflects the more significant trends in Southern California’s Inland Empire – a shift from rural to suburban and urban landscapes.

The history of the 91752-zip code is a microcosm of the broader changes in Southern California – from indigenous lands to agricultural heartland to a thriving suburban area. It reflects the dynamic and ever-evolving nature of the region.

The following data is not intended to be a comparative market analysis for any one particular home but instead gives a general valuation for homes in each of the 12 specified areas and the entire residential areas located in the 91752-zip code.

For a detailed and personalized market analysis of your home, or if you have any questions, please get in touch with me.

Manny Barba,

Broker-Attorney-Realtor®

DRE #00879806

951-990-3998

mail@mbliverealty.com

MB Live Realty, Inc.

www.mbliverealty.com

Area 1: Rancho Del Sol-Sage Pointe-Serrano Ranch area of homes,

(Western portion of Jurupa Valley 91752 )

End of Month Active Listings: 6, 0.0% change from year ago,

New Listings: 5, +25.0% change from year ago,

Months Supply Inventory: 2.8, +16.7% change from year ago,

Closed Sales: 1 , -66.7% change from a year ago,

Average Days on Market: 7 , -58.8% change from a year ago, using a rolling 3-month average calculation.

List to Sold Price %: 105.7%, +4.8% change from a year ago, using a rolling 3-month average calculation.

Highest Closed price: $850,000.

Average Sales Price: $882,500, +3.6% change from a year ago, using a rolling 3-month average calculation.

Average Price Square Foot: $322, +23.4% change from a year ago, using a rolling 3-month average calculation.

The residential real estate market in the Rancho Del Sol-Serrano Ranch area has shown mixed signals for the month ending June 2024. Active listings at the end of the month stood at 6, reflecting no change from the same period last year. This stability in active listings suggests a balanced supply, neither favoring buyers nor sellers.

In terms of new listings, there has been a notable increase, with 5 new properties entering the market, representing a 25% rise from the previous year. This influx of new listings could indicate growing seller confidence and a response to the strong demand in the area.

The months’ supply of inventory, which measures how long it would take to sell all current listings at the current sales pace, is at 2.8 months. This marks a 16.7% increase from last year, suggesting a slight shift towards a more balanced market, though still favoring sellers slightly.

Closed sales have significantly declined, with only 1 sale recorded for the month, a 66.7% decrease compared to June of the previous year. This drop in closed sales could be attributed to several factors, including higher interest rates or potential buyers’ hesitation.

On a positive note, the average days on market for properties have decreased dramatically, with homes now selling in an average of 7 days, a 58.8% reduction from the previous year. This indicates a high demand and quick turnaround for listed properties.

The list-to-sold price percentage is exceptionally strong at 105.7%, showing a 4.8% increase from the prior year. This metric indicates that properties are selling above their listing prices, reflecting competitive bidding and strong buyer interest.

The highest closed price for the month was $850,000, highlighting the premium value of homes in this desirable area. The average sales price also saw an increase, reaching $882,500, which is a 3.6% rise from last year. This upward trend in average sales price underscores the appreciation in property values within Rancho Del Sol-Serrano Ranch.

Moreover, the average price per square foot has seen a significant jump to $322, marking a 23.4% increase from the previous year. This increase in price per square foot further indicates the growing value and demand for residential properties in the area.

In summary, the Rancho Del Sol-Serrano Ranch residential market is experiencing a mix of stability and growth. While there is a notable increase in new listings and average sales prices, the decrease in closed sales suggests some underlying market dynamics that warrant close monitoring. However, the swift sales pace and properties selling above listing prices are strong indicators of a robust and competitive market.

Note: The above data is not intended to be a comparative market analysis for any one particular home. The above data provides an average valuation for homes sold in this area for the specified period.

Area 2: Central Mira Loma (original)

(Western portion of Jurupa Valley 91752)

End of Month Active Listings: 3, -40.0% change from year ago,

New Listings: 2, +100.0% change from year ago,

Months Supply Inventory: 1.8, -50.0% change from year ago,

Closed Sales: 0 , no data re change from a year ago,

Average Days on Market: no data due to no closed sales,

List to Sold Price %: no data due to no closed sales,

Highest Closed price: No Closed Sales

Average Sales Price: $597,500, -2.8% change from a year ago, using a 3-month rolling average calculation.

Average Price Square Foot: $502, -6.3% change from a year ago, using a 3-month rolling average calculation.

The residential real estate market in the original Mira Loma area presented a unique set of dynamics for the month ending June 2024. The end-of-month active listings stood at 3, reflecting a significant 40% decrease from the same period last year. This decline in active listings indicates a tighter market, with fewer homes available for potential buyers.

Despite the limited inventory, new listings saw a substantial increase, with 2 new properties entering the market. This marks a 100% increase compared to last year, suggesting that some homeowners are seizing the opportunity to list their properties in a low-inventory environment, potentially capitalizing on higher demand.

The months’ supply of inventory, which measures how long it would take to sell all current listings at the current sales pace, is at 1.8 months. This represents a 50% decrease from last year, highlighting the scarcity of available homes and the swift pace at which properties are expected to sell.

Interestingly, there were no closed sales recorded for June 2024, making it challenging to provide data on average days on market and the list-to-sold price percentage. This absence of closed sales data might be indicative of a particularly tight market where available listings are either withdrawn quickly or perhaps facing buyer hesitancy.

The highest closed price for the month is non-existent due to no closed sales, which further underscores the need for cautious interpretation of the market conditions.

In terms of pricing trends, the average sales price was recorded at $597,500, showing a slight decrease of 2.8% from last year, based on a rolling 3-month average calculation. This modest decline in average sales price could be a reflection of market adjustments or the types of properties listed during this period.

The average price per square foot has also seen a reduction, now at $502, which is a 6.3% decrease from a year ago, based on a 3-month rolling average. This decrease might suggest a slight cooling in the market or adjustments in buyer preferences and property valuations.

In conclusion, the original Mira Loma residential market for June 2024 is characterized by a significant reduction in active listings and months’ supply of inventory, coupled with an increase in new listings. The absence of closed sales this month introduces some uncertainty, but the overall pricing trends show minor declines. This combination of factors points to a market that is both constrained in supply and possibly transitioning, necessitating close monitoring in the upcoming months.

Area 3: Sky Country,

(Western portion of Jurupa Valley 91752 )

End of Month Active Listings: 4, +300.0% change from year ago,

New Listings: 1, -50.0% change from year ago,

Months Supply Inventory: 2.2, +450.0% change from year ago,

Closed Sales: 4 , 0.0% change from a year ago,

Average Days on Market: 7, -22.2% change from a year ago,

List to Sold Price %: 103.8%, +4.5% change from a year ago,.

Highest Closed price: $1,000,000.00

Average Sales Price: $866,750, +5.6% change from a year ago,

Average Price Square Foot: $494, +13.3 change from a year ago.

The residential real estate market in the Sky Country area has shown notable changes for the month ending June 2024. The end-of-month active listings have surged to 4, marking a substantial 300% increase from the same period last year. This increase in active listings indicates a significant rise in available inventory, potentially providing more options for prospective buyers.

Despite this increase in active listings, the number of new listings has decreased, with only 1 new property entering the market, a 50% decline from last year. This drop in new listings could signal a cautious approach by homeowners, possibly influenced by current market conditions or personal circumstances.

The months’ supply of inventory has increased dramatically to 2.2 months, reflecting a 450% rise from the previous year. This sharp increase suggests that the market is moving towards a more balanced state, though still somewhat favoring sellers given the overall inventory levels.

Closed sales have remained stable, with 4 sales recorded for the month, showing no change from the same period last year. This stability in closed sales highlights a consistent demand for properties in the Sky Country area.

The average days on market for properties have decreased to 7 days, a 22.2% reduction from a year ago. This decrease indicates that homes are selling more quickly, a sign of strong buyer interest and efficient market activity.

The list-to-sold price percentage is impressive at 103.8%, reflecting a 4.5% increase from the previous year. This metric shows that properties are selling above their listing prices, emphasizing the competitive nature of the market.

The highest closed price for the month reached $1,000,000, highlighting the premium value that some properties in the Sky Country area can command. The average sales price also saw an increase, rising to $866,750, which is a 5.6% increase from last year. This upward trend in average sales price underscores the appreciation in property values within the area.

Furthermore, the average price per square foot has risen to $494, marking a 13.3% increase from a year ago. This increase in price per square foot further indicates the growing value and demand for residential properties in Sky Country.

In summary, the Sky Country residential market for June 2024 shows significant growth in active listings and months’ supply of inventory, coupled with a stable number of closed sales and quick sales pace. The market remains competitive, with properties selling above their listing prices and increasing average sales prices. These trends reflect a robust and dynamic market, offering valuable opportunities for both buyers and sellers.

Area 4: Mira Loma – South (original)

(Western portion of Jurupa Valley 91752)

End of Month Active Listings: 1, no change from year ago data,

New Listings: 0, -100.0% change from year ago,

Months Supply Inventory: 0.7%, no change from year ago data,

Closed Sales: 2 , no data re change from a year ago,

Average Days on Market: 5, no data re change from a year ago,

List to Sold Price %: 103.2%, no data re change from a year ago,.

Highest Closed price: $632,000

Average Sales Price: $606,000, no data re change from a year ago,

Average Price Square Foot: $576, no data re change from a year ago.

The residential real estate market in the original Mira Loma-South area displayed some notable characteristics for the month ending June 2024. The end-of-month active listings remained steady at 1, showing no change from the same period last year. This stability in active listings indicates a consistently tight market with limited availability.

Interestingly, no new listings were recorded for the month, reflecting a 100% decrease from the previous year. This lack of new listings could suggest a holdback by potential sellers, possibly due to favorable conditions for maintaining current holdings or a strategic wait for better market conditions.

The months’ supply of inventory stood at 0.7 months, also unchanged from last year. This figure underscores the limited supply and high demand in the market, contributing to a competitive environment for buyers.

Despite the limited inventory, the market saw 2 closed sales in June 2024. Although there is no comparable data from the previous year, this level of activity highlights ongoing buyer interest and the ability of sellers to close transactions despite the low number of listings.

Properties in the original Mira Loma-South area sold remarkably quickly, with an average of just 5 days on the market. While there is no comparative data from last year, this rapid turnover rate suggests a highly sought-after market where homes do not remain available for long.

The list-to-sold price percentage is robust at 103.2%, indicating that properties are selling above their listing prices. This competitive bidding environment further emphasizes the strong demand and limited supply in the area.

The highest closed price for the month was $632,000, showcasing the upper end of the market’s potential value. The average sales price was $606,000, which, although lacking comparative data from last year, reflects a strong market performance and a solid average price point for the area.

Additionally, the average price per square foot was recorded at $576, further indicating the premium buyers are willing to pay for properties in this desirable location.

In conclusion, the original Mira Loma-South residential market for June 2024 remains highly competitive, with stable active listings and months’ supply of inventory, coupled with no new listings entering the market. The rapid sales pace, strong list-to-sold price percentage, and high average price per square foot all point to a robust market that continues to attract serious buyer interest.

Area 5: River Bend Homes

(Western Edge of Jurupa Valley 91752)

End of Month Active Listings: 7, +40.0% change from year ago,

New Listings: 0, -100.0% change from year ago,

Months Supply Inventory: 2.7, -15.6% change from year ago,

Closed Sales: 2 , +100.0% change from a year ago,

Average Days on Market: 41, +583.3% change from a year ago,

List to Sold Price %: 100.2%, -1.4% change from a year ago,.

Highest Closed price: $1,185,000.

Average Sales Price: $1,072,500, =51.1% change from a year ago,

Average Price Square Foot: $298, -14.1% change from a year ago,

The residential real estate market in the River Bend area experienced several significant changes for the month ending June 2024. The number of active listings at the end of the month increased to 7, representing a 40% rise from the same period last year. This increase in active listings suggests that more homeowners are putting their properties on the market, possibly in response to favorable market conditions or increased demand.

However, no new listings were recorded for June 2024, marking a 100% decrease from last year. This lack of new inventory might indicate that while more homes are currently available, new sellers are holding back, possibly waiting for more favorable market conditions or dealing with other uncertainties.

The months’ supply of inventory, which measures the time it would take to sell all active listings at the current sales pace, decreased to 2.7 months, a 15.6% decline from the previous year. This decrease indicates a faster turnover of available properties, pointing towards strong buyer activity despite the increased number of active listings.

Closed sales doubled compared to last year, with 2 sales recorded for the month, indicating a 100% increase. This rise in closed sales highlights a growing demand and successful transactions within the River Bend area.

The average days on market for properties increased dramatically to 41 days, a 583.3% rise from a year ago. This significant increase suggests that while there is strong buyer interest, properties are taking longer to sell, possibly due to higher pricing or more selective buyers.

The list-to-sold price percentage slightly decreased to 100.2%, a 1.4% drop from last year. This marginal decrease indicates that homes are still selling very close to their listing prices, reflecting a stable pricing environment.

The highest closed price for the month was an impressive $1,185,000, showcasing the high-end market potential within River Bend. Additionally, the average sales price saw a substantial increase, reaching $1,072,500, a 51.1% rise from the previous year. This significant jump in average sales price underscores the appreciation in property values and the premium buyers are willing to pay in this area.

Conversely, the average price per square foot decreased to $298, a 14.1% decline from last year. This decrease might indicate a shift in buyer preferences towards larger properties or different property types that offer more space for the price.

In summary, the River Bend residential market for June 2024 shows a dynamic environment with increased active listings and closed sales, coupled with a decrease in new listings and months’ supply of inventory. Despite longer average days on market, properties are selling close to their listing prices, and the area commands high sales prices. The market remains robust, reflecting both the value and demand for homes in River Bend.

Area 6: Riverboat Dr. Area Homes

(Western Edge of 91752 ZIP Code, Eastvale, CA)

End of Month Active Listings: 3, +200.0% change from year ago,

New Listings: 3, +50.0% change from year ago,

Months Supply Inventory: 2.6, +271.4% change from year ago,

Closed Sales: 0, -100.0% change from a year ago,

Average Days on Market: no data due to no closed sales,

List to Sold Price %: no data due to no closed sales.

Highest Closed price: No Closed Sales

Average Sales Price: $1,075,000, +28.2% change from a year ago, calculated using a 3-month rolling average.

Average Price Square Foot: $279, +17.2% change from a year ago, calculated using a 3-month rolling average.

The residential real estate market in the Riverboat Dr. neighborhoods, encompassing the homes north and south of Riverboat Dr, displayed notable trends for the month ending June 2024. The number of active listings at the end of the month increased significantly to 3, representing a 200% rise compared to the same period last year. This substantial increase in active listings indicates a greater availability of homes for potential buyers, suggesting more homeowners are willing to sell in the current market.

New listings also saw an uptick, with 3 new properties entering the market, reflecting a 50% increase from last year. This rise in new listings highlights a growing seller interest and possibly an attempt to capitalize on the market conditions.

The months’ supply of inventory, which measures how long it would take to sell all active listings at the current sales pace, surged to 2.6 months, a 271.4% increase from the previous year. This significant rise suggests a more balanced market, though still leaning towards a seller’s market given the moderate supply.

Interestingly, there were no closed sales recorded for June 2024, marking a 100% decrease from the same period last year. This absence of closed sales might indicate a slower transaction period, potentially influenced by various market factors such as pricing, buyer availability, or seasonal trends.

Due to the lack of closed sales, data on average days on market and list-to-sold price percentage is unavailable for this period. This lack of sales data makes it challenging to assess the efficiency and competitiveness of the market in terms of how quickly homes are selling and how close the final sale prices are to the listed prices.

Despite no closed sales for the month, the average sales price, calculated using a 3-month rolling average, stood at $1,075,000, marking a substantial 28.2% increase from the previous year. This significant rise in average sales price reflects a strong appreciation in property values within the Riverboat Dr. neighborhoods.

Additionally, the average price per square foot, also calculated using a 3-month rolling average, increased to $279, showing a 17.2% rise from a year ago. This increase in price per square foot underscores the higher valuation buyers are placing on homes in these neighborhoods.

In summary, the Riverboat Dr. neighborhoods’ residential market for June 2024 shows a substantial increase in active and new listings, coupled with a notable rise in months’ supply of inventory. Despite the lack of closed sales, the area demonstrates strong appreciation in average sales prices and price per square foot, reflecting a resilient and valuable market. Potential buyers and sellers should remain attentive to these trends as they navigate the evolving market dynamics.

Area 7: Country Springs/ Cimmaron Ranch

(Western Edge of 91752 ZIP Code, Eastvale, CA)

End of Month Active Listings: 0, -100.0% change from year ago,

New Listings: 1, no data re change from year ago,

Months Supply Inventory: no data

Closed Sales: 3 , no data re change from a year ago,

Average Days on Market: 14, no data re change from a year ago,

List to Sold Price %: 105.6%, no data re change from a year ago,.

Highest Closed price: $1,080,000

Average Sales Price: $998,333, no data re change from a year ago,

Average Price Square Foot: $280, no data re change from a year ago,

The residential real estate market in the Country Springs-Cimmaron Ranch area showed distinctive characteristics for the month ending June 2024. Notably, there were no active listings at the end of the month, representing a 100% decrease from the same period last year. This absence of active listings underscores a highly competitive market where available properties are quickly purchased, leaving no inventory at the end of the month.

In terms of new listings, there was one new property that entered the market in June 2024. While there is no data available regarding the change from last year, the introduction of new listings, even if minimal, suggests that there is still some seller activity in the market.

The months’ supply of inventory data was not available for this period, likely due to the zero active listings recorded. This makes it challenging to determine the exact market balance between supply and demand.

The market did see robust sales activity, with three closed sales recorded for the month. Although there is no comparative data from the previous year, this level of sales activity highlights a strong demand for properties in the Country Springs-Cimmaron Ranch area.

Properties in this area sold relatively quickly, with an average of 14 days on the market. Despite the lack of comparative data, this quick turnaround time indicates a high level of buyer interest and a fast-paced market environment.

The list-to-sold price percentage was notably high at 105.6%, showing that properties are selling well above their listing prices. This metric underscores the competitive nature of the market, where buyers are willing to pay a premium to secure a home in this desirable area.

The highest closed price for the month reached an impressive $1,080,000, highlighting the upper-end market’s potential value in Country Springs-Cimmaron Ranch. Furthermore, the average sales price for the month was $998,333. Although there is no comparative data from last year, this high average sales price reflects the strong market performance and the premium prices that buyers are willing to pay.

Additionally, the average price per square foot was recorded at $280, which, despite the lack of year-over-year data, indicates a considerable valuation for properties in the area.

In conclusion, the Country Springs-Cimmaron Ranch residential market for June 2024 is characterized by an absence of active listings, a small number of new listings, and strong closed sales activity. The quick sales pace and high list-to-sold price percentage reflect a highly competitive market with strong buyer interest. The significant average and highest closed prices further underscore the premium nature of this residential area. Buyers and sellers should closely monitor these trends as they navigate the market.

Area 8: Stratford Township Homes

(Western Edge of Jurupa Valley 91752)

End of Month Active Listings: 2, +100.0% change from year ago,

New Listings: 1, 0.0% change from year ago,

Months Supply Inventory: 1.7, +183.3% change from year ago,

Closed Sales: 0 , 0.0% change from a year ago,

Average Days on Market: no data due to no closed sales,

List to Sold Price %: 104.6%, calculated using a 3-month rolling average,

Highest Closed price: No Closed Sales

Average Sales Price: $835,000, calculated using a 3-month rolling average,

Average Price Square Foot: $329, calculated using a 3-month rolling average.

The residential real estate market in Stratford Township for the month ending June 2024 presented several notable trends and metrics. The end-of-month active listings increased to 2, reflecting a 100% change from the same period last year. This rise in active listings indicates that more homeowners are choosing to put their properties on the market, possibly in response to favorable selling conditions.

New listings remained steady with one new property entering the market, showing no change from the previous year. This consistency suggests a stable flow of new properties becoming available, maintaining a steady supply for potential buyers.

The months’ supply of inventory rose to 1.7 months, representing a significant 183.3% increase from the previous year. This substantial rise suggests that while inventory is still relatively low, there is a growing balance between supply and demand, potentially easing some of the competitive pressure seen in previous months.

There were no closed sales recorded for June 2024, consistent with the same period last year. This lack of closed sales data can make it challenging to assess the full dynamics of the market, but it may indicate buyer hesitation or a mismatch between seller expectations and buyer willingness.

Due to the absence of closed sales, average days on market data is not available for this period. This lack of data highlights the importance of monitoring future sales to better understand the market’s efficiency and buyer activity.

The list-to-sold price percentage, calculated using a 3-month rolling average, stood at 104.6%. This figure indicates that properties in Stratford Township are selling above their listing prices, suggesting strong buyer interest and competitive bidding.

The highest closed price for the month is not available due to no closed sales. However, the average sales price, calculated using a 3-month rolling average, was $835,000. This average sales price reflects the market’s value and buyer willingness to invest in properties within Stratford Township.

Additionally, the average price per square foot, also calculated using a 3-month rolling average, was $329. This figure further underscores the premium buyers are willing to pay for properties in this desirable area.

In conclusion, the Stratford Township residential market for June 2024 shows an increase in active listings and months’ supply of inventory, coupled with stable new listings and no closed sales for the period. The high list-to-sold price percentage and solid average sales price point to a competitive market with strong buyer interest. As the market continues to evolve, both buyers and sellers should stay informed of these trends to navigate the opportunities and challenges in Stratford Township effectively.

AREA 9: Eastvale Estates (Bellegrave Ave./Hamner Ave/)

(Western Edge of 91752 ZIP Code, Eastvale, CA)

End of Month Active Listings: 0, 0.0% change from year ago,

New Listings: 0, -100.0% change from year ago,

Months Supply Inventory: no data

Closed Sales: 0 , 0.0% change from a year ago,

Average Days on Market: no data due to no closed sales,

List to Sold Price %: 102.3%, calculated using a 3-month rolling average,

Highest Closed price: No Closed Sales

Average Sales Price: $820,001, calculated using a 3-month rolling average,

Average Price Square Foot: $364, calculated using a 3-month rolling average,

The residential real estate market in the Eastvale Estates area for the month ending June 2024 presents a unique set of circumstances characterized by an absence of active market activity. At the end of June, there were no active listings, which is unchanged from the same period last year. This indicates a continued trend of extremely low inventory, highlighting the scarcity of available properties in this desirable area.

Similarly, no new listings were recorded for June 2024, marking a 100% decrease from the previous year. This significant drop in new listings points to a potential reluctance among homeowners to sell, possibly due to favorable holding conditions or other market factors.

The months’ supply of inventory data is unavailable, likely due to the absence of active listings and new listings. This lack of data underscores the critical shortage of homes on the market, making it challenging to provide a clear picture of supply dynamics.

There were also no closed sales recorded for June 2024, consistent with the same period last year. The lack of closed sales further emphasizes the stagnant nature of the market in terms of transactions, which could be influenced by various factors such as pricing, buyer availability, or market conditions.

Due to the absence of closed sales, data on average days on market is not available for this period. This makes it difficult to gauge how quickly properties are selling when they do become available.

However, based on a 3-month rolling average, the list-to-sold price percentage stands at 102.3%. This figure suggests that when homes do sell, they are achieving prices slightly above their listing prices, reflecting strong buyer interest and competitive bidding, even in a market with minimal activity.

The highest closed price for the month is not available due to no closed sales. Nevertheless, the average sales price, calculated using a 3-month rolling average, was $820,001. This figure reflects the value of properties in Eastvale Estates, indicating a market where buyers are willing to invest significantly.

Additionally, the average price per square foot, also calculated using a 3-month rolling average, was $364. This metric highlights the premium price per square foot that buyers are paying for properties in this area, underscoring the high value placed on homes in Eastvale Estates.

In summary, the Eastvale Estates residential market for June 2024 is characterized by an extreme scarcity of listings and transactions. Despite the lack of active market activity, the high list-to-sold price percentage and average sales price reflect a market with strong underlying value. Buyers and sellers in Eastvale Estates should be prepared for a competitive environment when opportunities do arise, as the limited supply continues to drive high demand and premium pricing.

Area 10: Harvest Villages at Vernola Ranch

(Western Edge of Jurupa Valley 91752)

End of Month Active Listings: 4, +100.0% change from year ago,

New Listings: 0, -100.0% change from year ago,

Months Supply Inventory: 2.4, +20.0% change from year ago,

Closed Sales: 1, no data re change from a year ago,

Average Days on Market: 8, no data re change from a year ago,

List to Sold Price %: 103.9%, calculated using a 3-month rolling average,

Highest Closed price: $905,500

Average Sales Price: $977,750, calculated using a 3-month rolling average

Average Price Square Foot: $289, calculated using a 3-month rolling average

The residential real estate market in the Harvest Villages area exhibited some notable trends for the month ending June 2024. At the end of June, there were 4 active listings, representing a significant 100% increase from the same period last year. This rise in active listings suggests a growing inventory, providing more options for potential buyers in the market.

However, the number of new listings for the month was zero, marking a 100% decrease from the previous year. This complete drop in new listings could indicate that while some homeowners are choosing to list their properties, new additions to the market are currently at a standstill, possibly due to market conditions or seasonal factors.

The months’ supply of inventory increased to 2.4 months, reflecting a 20% rise from last year. This uptick indicates a shift towards a more balanced market, though it still leans slightly in favor of sellers, given the moderate supply levels.

There was one closed sale recorded for June 2024, although there is no comparative data from the previous year. This single transaction highlights the ongoing activity within the market, despite the limited number of new listings.

Properties in Harvest Villages sold relatively quickly, with an average of 8 days on the market. Although there is no year-over-year data available, this swift turnaround suggests a strong buyer interest and a competitive market environment.

The list-to-sold price percentage, calculated using a 3-month rolling average, stood at 103.9%. This high percentage indicates that properties are selling above their listing prices, reflecting robust demand and competitive bidding among buyers.

The highest closed price for the month was $905,500, showcasing the upper range of property values within Harvest Villages. Additionally, the average sales price, calculated using a 3-month rolling average, was $977,750. This average sales price highlights the overall high value of homes in the area, indicating a strong market performance.

Furthermore, the average price per square foot, also calculated using a 3-month rolling average, was $289. This metric underscores the premium buyers are willing to pay for properties in Harvest Villages, emphasizing the desirability and value of the residential area.

In summary, the Harvest Villages residential market for June 2024 is characterized by an increase in active listings, a complete absence of new listings for the month, and a modestly balanced months’ supply of inventory. Despite the limited new additions, the market remains competitive, with quick sales and properties selling above their listing prices. The high average sales price and price per square foot further reflect the strong demand and value of homes in Harvest Villages. Buyers and sellers should remain attentive to these market dynamics as they navigate their real estate decisions.

Area 11: Mira Loma Village,

(North-Western portion of Jurupa Valley 91752)

End of Month Active Listings: 0, -100.0% change from year ago,

New Listings: 0, -100.0% change from year ago,

Months Supply Inventory: no data ,

Closed Sales: 0, 0.0% change from a year ago,

Average Days on Market: no data

List to Sold Price %: 105.6%, calculated using a 12-month rolling average,

Highest Closed price: No closed sales

Average Sales Price: $597,500, calculated using a 3-month rolling average

Average Price Square Foot: $453, calculated using a 3-month rolling average,

Since January 1, 2023, 2 houses were sold, one in February 2023 listed for $610,000 and sold for $615,000. The second house sold in August 2023, listed for $525,000 and sold for $580,000.

The residential real estate market in the Mira Loma Village area for the month ending June 2024 presented a unique set of conditions characterized by a complete absence of new activity. At the end of June, there were no active listings, representing a 100% decrease from the same period last year. This lack of active listings indicates a significant scarcity of available properties, reflecting either a highly competitive market where homes are quickly sold or a lack of seller engagement.

Similarly, no new listings were recorded for the month, marking another 100% decrease from the previous year. This complete drop in new listings suggests a potential reluctance among homeowners to sell, which could be influenced by various factors such as market conditions, economic considerations, or personal circumstances.

Due to the absence of active listings and new listings, there is no available data for months’ supply of inventory, making it challenging to assess the balance between supply and demand in the market.

The market also recorded no closed sales for June 2024, consistent with the same period last year. This lack of closed sales data highlights the stagnant nature of transactions in the area, which may be due to the extreme scarcity of available properties or other market dynamics.

As there were no closed sales, data on average days on market is not available for this period. This makes it difficult to gauge how quickly properties are selling when they do become available.

Despite the lack of recent sales activity, the list-to-sold price percentage, calculated using a 12-month rolling average, stands at an impressive 105.6%. This high percentage indicates that when properties do sell, they are achieving prices well above their listing prices, reflecting strong buyer interest and competitive bidding.

The highest closed price for the month is not available due to the absence of closed sales. However, the average sales price, calculated using a 3-month rolling average, was $597,500. This figure reflects the underlying value of properties in Mira Loma Village, based on recent sales trends.

Additionally, the average price per square foot, also calculated using a 3-month rolling average, was $453. This metric underscores the premium price buyers are willing to pay for properties in this area, highlighting the desirability and value of homes in Mira Loma Village.

In summary, the Mira Loma Village residential market for June 2024 is characterized by a complete lack of active and new listings, along with no closed sales for the period. Despite this inactivity, the high list-to-sold price percentage and solid average sales price reflect a market with strong underlying value and potential buyer interest. Buyers and sellers should be aware of these unique market conditions as they consider their real estate decisions in Mira Loma Village.

Area 12: Homestead,

(North-Western portion of Jurupa Valley 91752)

End of Month Active Listings: 1, no date re change from year ago,

New Listings:2, no date re change from year ago,

Months Supply Inventory: .5, no date re change from year ago,

Closed Sales: 2 , +100.0% change from a year ago,

Average Days on Market: 4, -20% change from a year ago,

List to Sold Price %: 101.4%, -2.1% change from a year ago,.

Highest Closed price: $635,000.00

Average Sales Price: $615,000, +12.0% change from a year ago,

Average Price Square Foot: $509, +26.9% change from a year ago.

The residential real estate market in the Homestead area for the month ending June 2024 displayed several dynamic trends and notable metrics. At the end of June, there was one active listing. While there is no data available regarding the change from the previous year, the presence of only one active listing underscores a tight market with limited inventory.

In terms of new listings, there were two properties that entered the market in June 2024. Again, there is no comparative data from the previous year, but the introduction of new listings indicates ongoing interest among homeowners to sell, providing some fresh options for buyers.

The months’ supply of inventory stood at 0.5 months. Although no comparative data is available, this low level of inventory suggests a highly competitive market where homes are likely to sell quickly due to the limited supply.

The market saw an increase in closed sales, with two sales recorded for the month, marking a 100% increase from the same period last year. This rise in closed sales highlights strong buyer activity and the ability to successfully close transactions in a tight inventory environment.

Properties in the Homestead area sold remarkably quickly, with an average of just four days on the market. This represents a 20% decrease from the previous year, indicating that homes are selling faster, a sign of strong demand and efficient market dynamics.

The list-to-sold price percentage was 101.4%, reflecting a slight 2.1% decrease from the previous year. Despite this small decline, properties are still selling above their listing prices, which underscores the competitive nature of the market.
The highest closed price for the month was $635,000, showcasing the upper end of property values within Homestead.

Additionally, the average sales price saw a significant increase, reaching $615,000. This 12% rise from the previous year points to a strong appreciation in property values, indicating a healthy and robust market.

Moreover, the average price per square foot experienced a notable increase, rising to $509. This 26.9% jump from the previous year highlights the premium buyers are willing to pay for homes in the area, emphasizing the high value placed on properties within Homestead.

In summary, the Homestead residential market for June 2024 is characterized by limited inventory, a strong increase in closed sales, and quick sales times. Despite a slight decrease in the list-to-sold price percentage, the market remains highly competitive with properties selling above their listing prices. The significant increases in both the average sales price and the price per square foot reflect a robust market with strong buyer demand. Buyers and sellers should take note of these trends as they navigate their real estate decisions in Homestead.

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As a real estate broker, understanding the above-nuanced market shifts is key to providing informed advice and strategy to sellers throughout the 91752 zip code area.

Contact me to understand how the above trends can impact your real estate decisions. I provide expert guidance and strategic insights and can guide you through these interesting times in real estate.

Manny Barba

Broker-Attorney-Realtor®

951-990-3998

mail@mbliverealty.com

MB Live Realty, Inc.

www.mbliverealty.com

Note: All data in this report is from California Regional Multiple Listing Service (CRMLS) All information should be independently reviewed and verified for accuracy. This report is for informational purposes only and not intended as financial or investment advice.