The 92509 ZIP code area, primarily associated with City of Jurupa Valley in Riverside County, California, has a rich history that intertwines with the broader development of Southern California.

Initially, the area was inhabited by the Gabrielino and Serrano Tribes. Later, in 1838, the Mexican government granted Rancho Jurupa to Juan Bandini, a prominent Californio entrepreneur, marking the beginning of non-Native settlement. The name “Jurupa” was used as early as 1887 and is derived from a previous rancho operated by the Mission San Gabriel Arcángel, which was disbanded in 1833. The exact meaning of “Jurupa” is debated, with some suggesting it means “watering place” or refers to a local plant, the Artemisia californica.

Efforts to incorporate the city began in 1992, with voters initially rejecting the proposal. However, on March 8, 2011, a successful vote led to the incorporation of Jurupa Valley, effective July 1, 2011. This new city included several communities like Mira Loma, Glen Avon, and Rubidoux. Jurupa Valley faced financial challenges early on, nearly leading to disincorporation, but these were eventually resolved with state legislative action.

As for demographics, the 2010 U.S. Census reported that Glen Avon, a part of the 92509 area, had a diverse population with a significant Hispanic/ Latino presence. The area has evolved over time, reflecting broader demographic and economic trends in Southern California.

Jurupa Valley’s governance includes a city council and a mayor, with representation at the state and federal levels aligning with California’s legislative districts. The area is served by the Jurupa Unified School District, providing educational services through various schools.

The history of the 92509 ZIP code area is a microcosm of the broader historical, cultural, and political developments of Southern California, marked by its early Native American presence, ranching origins, and evolving community identity in the modern era​​​​.

The data that follows 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 in whole the entire residential areas located in the 92509-zip code.

For a detailed and personalized market analysis of your home, or if you have any questions, feel free to contact me.

 

Manny Barba,

Broker-Attorney-Realtor®

DRE #00879806

951-990-3998

mail@mbliverealty.com

MB Live Realty, Inc.

www.mbliverealty.com

 

 

AREA 1:

Sunnyslope,

Jurupa Valley, CA 92509

 

As the first month of 2024 wraps up, the residential real estate market in Sunnyslope presents an interesting picture, marked by continued growth and evolving dynamics. This report aims to distill the key trends and figures that characterized the Sunnyslope housing market in January 2024, offering insights for homeowners, prospective buyers, and investors.

The number of active listings in Sunnyslope remained tight, with just 5 properties available by the end of the month. This figure mirrors the inventory level from December and represents a significant 54.5% decrease from January of the previous year. Such a sharp reduction in available homes underscores a persistently low supply that challenges buyers but creates competitive conditions favoring sellers.

In a positive turn for those looking to enter the market, new listings saw a substantial increase, rising by 50% to 3 new properties. This increase, consistent with the previous month’s trend, indicates a growing confidence among homeowners in leveraging the current market’s conditions to sell their properties.

The months supply of inventory, a critical gauge of market balance between supply and demand, stood at 1.5 months. This marks a 25% reduction from the previous year, reinforcing the notion of a seller’s market where buyers have limited options and face stiff competition for available homes.

The volume of closed sales in January showed a healthy activity level, with 4 transactions completed, translating to a 33.3% increase from the same period last year. This rise in closed sales, against the backdrop of reduced inventory, reflects a robust demand and the resilience of the Sunnyslope market.

However, the average days on market for homes sold in January expanded significantly to 28 days, more than doubling from the previous year. This increase suggests a market that is becoming slightly more balanced, affording buyers a bit more deliberation time, though homes continue to sell relatively quickly by historical standards.

The list to sold price percentage slightly adjusted to 97.7%, a minor decrease of 0.5% from a year ago. This shift hints at a market where negotiations are becoming slightly more balanced, though sellers maintain a strong position.

Pricing trends continue to be a highlight for the Sunnyslope area, with the average sales price climbing to $744,877, a notable 22.3% year-over-year increase.

Similarly, the average price per square foot increased to $424, up 18.4% from the previous year. These figures exemplify a market with strong property value appreciation, benefiting sellers and challenging buyers with heightened affordability concerns.

To summarize, the Sunnyslope residential real estate market ending January 2024 maintained its competitive edge for sellers, buoyed by low inventory and strong demand. However, the elongated days on market and slight adjustments in pricing negotiations suggest a nuanced shift that could influence strategies for both buyers and sellers. Navigating this market will require keen insight and adaptability as it continues to evolve.

Area 2:

North Rubidoux-Belltown,

Jurupa Valley, CA 92509

 

As of the end of January 2024, the North Rubidoux-Belltown residential area has exhibited a set of unique market dynamics that are shaping the landscape for both buyers and sellers.

The inventory of active listings in the North Rubidoux-Belltown area saw a significant increase, ending the month with 3 properties available. This represents a 50% increase from the same period last year, suggesting an improvement in the availability of homes for potential buyers.

Despite this positive shift in inventory, the number of new listings remained steady with 2 properties entering the market, mirroring the figures from a year ago. This stability in new listings indicates a consistent pace of homeowners looking to sell, amidst an overall increase in available properties.

A notable metric that underscores the changing dynamics of the North Rubidoux-Belltown real estate market is the months supply of inventory, which has risen to 2.5 months. This 78.6% increase from the previous year points to a more balanced market, providing buyers with a broader range of options and a less competitive environment compared to the tighter markets of the past.

In terms of sales activity, there were no closed sales recorded for the month, mirroring the situation from a year ago. This lack of sales activity precludes the availability of data for average days on market and list to sold price percentage, leaving a gap in our understanding of the current market tempo and negotiation dynamics.

Despite the absence of recent sales data, the North Rubidoux-Belltown area has seen significant appreciation in property values. The average sales price, calculated using a rolling 6-month average, stands at $555,000, marking an 11% increase from the previous year.

This rise in average sales price is complemented by a remarkable 43.4% increase in the average price per square foot, now at $423. These figures indicate a strong upward trend in property values, benefiting homeowners and suggesting a market with robust investment potential.

The lack of closed sales in January does not diminish the positive signs of market growth and increased property values in the North Rubidoux-Belltown area. The increased inventory and more balanced months supply inventory suggest a market that is adjusting to the needs of both buyers and sellers.

For buyers, the current environment offers more choices and potentially less competition, while sellers can be encouraged by the appreciating property values. As we move forward, it will be crucial for both buyers and sellers to monitor these trends closely, adapting their strategies to navigate the evolving real estate landscape in North Rubidoux-Belltown.

Area 3:

Rubidoux,

Jurupa Valley, CA 92509

 

Ending January 2024, the residential real estate market in the Rubidoux area has presented a vibrant and dynamic landscape, reflective of both emerging trends and the enduring appeal of the area. This report aims to provide a detailed analysis of the market’s performance over the past month, offering valuable insights to homeowners, prospective buyers, and investors alike.

The Rubidoux area has seen a notable decrease in the number of end-of-month active listings, which stood at 8, marking a significant 42.9% drop from the same period a year ago. This reduction in inventory highlights a tightening market, where fewer homes are available for sale, contributing to a competitive environment for buyers.

Despite the decreased inventory, the market has not stalled. New listings in January were recorded at 6, a decrease of 25% from the previous year. This reduction in new listings further underscores the constrained supply dynamics, even as demand for homes in Rubidoux remains robust.

The months supply of inventory, a critical measure indicating the balance between supply and demand, stood at 1.5 months. This represents a 21.1% decrease from a year ago, signaling a market that continues to lean heavily in favor of sellers, with limited inventory driving competition among buyers.

In an encouraging sign for the market’s overall health, closed sales saw a significant uptick, with 10 homes sold, reflecting a 25% increase from the previous year. This rise in sales activity indicates strong demand and the ability of the market to absorb available inventory efficiently.

One of the most compelling indicators of market momentum is the average days on market, which has decreased by 35% from the previous year to 26 days. This rapid turnover rate exemplifies a market where homes are moving quickly, benefiting sellers with shorter selling periods and often leading to competitive bidding situations.

The list to sold price percentage, an important metric indicating how close homes are selling to their asking prices, rose to an impressive 99.2%, up 2.8% from a year ago. This near-perfect alignment between listing and selling prices is a testament to the strength of the market, with buyers willing to meet sellers’ expectations.

Pricing trends have also been notable, with the average sales price in Rubidoux reaching $535,497, a 17.3% increase from the previous year. Additionally, the average price per square foot surged to $447, marking a substantial 30.3% rise from a year ago.

These figures not only highlight the area’s growing appeal but also point to the significant appreciation in property values, offering lucrative opportunities for current homeowners and challenges for those looking to enter the market.

In summary, the Rubidoux residential real estate market has exhibited strong performance in January 2024, characterized by a competitive landscape for buyers, quick sales, and notable price appreciation. The current dynamics underscore the importance of strategic planning for those looking to navigate the market, whether buying, selling, or investing. With demand showing no signs of waning, Rubidoux remains a vibrant and desirable location for real estate endeavors.

Area 4:

Jurupa Hills,

Jurupa Valley 92509

 

As we review the residential real estate market for the Jurupa Hills area at the close of January 2024, we uncover a mix of stability and significant shifts that provide a nuanced view of the local housing landscape. This report aims to dissect these trends, offering insights that are pertinent to homeowners, potential buyers, and investors alike, navigating through the evolving dynamics of the Jurupa Hills market.

The end-of-month active listings in Jurupa Hills remained steady with 4 properties on the market, showing no change from the same period last year. This stability in active listings suggests a market that is holding steady in terms of inventory, maintaining a balance between new listings and those being absorbed or removed from the market.

In contrast to the stable number of active listings, new listings in Jurupa Hills saw a remarkable increase, doubling from the previous year to 4 new properties. This surge in new listings represents a significant boost in the availability of homes for sale, providing potential buyers with a broader selection of options and indicating a willingness among homeowners to enter the market.

The months supply of inventory, which measures how many months it would take to sell through the current inventory at the current sales pace, increased to 2.0 months. This 33.3% increase from a year ago suggests a slight shift towards a more balanced market, offering a bit more leverage to buyers in negotiations, albeit still indicating a market that favors sellers, given the relatively low supply.

A striking figure in this month’s data is the absence of closed sales, marking a 100% decrease from the previous year. This lack of sales activity precludes the availability of data for average days on market and list to sold price percentage, leaving a gap in our understanding of the current selling environment and negotiation dynamics in the Jurupa Hills area.

Despite the absence of recent sales data, the Jurupa Hills area has continued to see growth in property values. The average sales price, utilizing a rolling 6-month average calculation, stands at $660,350, marking an 8.1% increase from the previous year.

Furthermore, the average price per square foot has risen to $387, reflecting a 14.8% increase from a year ago. These figures indicate a market where property values are appreciating, offering a favorable scenario for homeowners and sellers, albeit presenting challenges in terms of affordability for buyers.

The Jurupa Hills residential real estate market in January 2024 presents a complex picture. On the one hand, the increase in new listings suggests a market that is becoming more active, providing more opportunities for buyers. On the other hand, the lack of closed sales and the subsequent absence of related data points to a potential mismatch between buyer expectations and the properties available, or possibly other market dynamics at play.

The continued appreciation in property values highlights the desirability of the Jurupa Hills area, even as it necessitates careful navigation by all market participants to align expectations with the realities of the current market conditions.

Area 5:

Indian Hills

Jurupa Valley, CA 92509

 

 

As January 2024 concludes, the Indian Hills residential real estate market has exhibited compelling dynamics that underline the unique aspects of this area.

The Indian Hills area witnessed a dramatic reduction in the number of end-of-month active listings, which stood at 5, marking a substantial 70.6% decrease from the previous year. This sharp decline in available inventory highlights a tightening market, where fewer homes are up for grabs, creating a competitive environment for buyers vying for properties in this desirable location.

The scarcity of inventory is further emphasized by the decrease in new listings, which fell by 60% to just 2 new properties entering the market. This contraction in new listings compared to the previous year suggests that homeowners may be hesitant to sell, contributing to the limited availability of homes and potentially driving up competition and prices for the properties that do come to market.

Despite the constrained inventory, the Indian Hills market demonstrated resilience and vitality, as evidenced by the closed sales for the month. There were 3 closed sales, representing a significant 200% increase from a year ago. This uptick in sales activity, against the backdrop of reduced inventory, underscores a robust demand for homes in Indian Hills, with buyers actively seeking opportunities in this competitive landscape.

The average days on market for homes sold in January was 41, showing a notable decrease of 39.7% from the previous year. This reduction indicates that homes are selling faster than they did a year ago, a trend that benefits sellers by shortening the period their properties are on the market and suggesting that buyers are moving quickly to secure their desired homes.

A particularly striking metric is the list to sold price percentage, which reached 101.1%, a 9.8% increase from the previous year. This figure reflects a market where homes are not only selling at their asking price but often above it, highlighting the competitive nature of the Indian Hills market and the willingness of buyers to pay premium prices for desirable properties.

In terms of pricing, the Indian Hills area has seen significant appreciation. The average sales price rose to $618,333, marking an 18.9% increase from the previous year.

Additionally, the average price per square foot increased to $439, up 12.0% from a year ago. These trends indicate a robust growth in property values, benefiting sellers and reflecting the area’s continued appeal.

In summary, the Indian Hills residential real estate market in January 2024 has been characterized by a significant tightening of inventory, rapid sales, and substantial price appreciation. The dynamics of this market present opportunities for sellers to capitalize on high demand and premium pricing, while buyers face a competitive environment that demands quick action and flexibility.

As we move forward, these trends are likely to continue shaping the market, making it crucial for participants to stay informed and agile in their real estate strategies.

Area 6:

Pedley – East

Jurupa Valley, CA 92509

 

 

This report divides the Pedley area into two parts, the eastern and western portions divided by Van Buren Blvd., a major thoroughfare.  Pedley, a census-designated place, was a railroad settlement established around 1904.

As of the end of January 2024, the residential real estate market in the eastern Pedley area has demonstrated remarkable shifts, underscoring the dynamic nature of this local market.

The eastern Pedley area experienced a significant contraction in its inventory, with end-of-month active listings standing at just 2, reflecting a steep 77.8% decline from the year prior. This marked decrease in available properties underscores a tightly constrained market, where buyers have limited options and sellers are in a position of strength due to the scarcity of listings.

Contrasting the shrinking inventory, new listings surged by 200% to 3 properties. This influx of new listings, despite being modest in number, represents a notable increase in homeowners willing to sell, potentially responding to favorable market conditions and the prospect of realizing substantial gains on their investments.

The months supply inventory, which measures the balance between supply and demand by indicating how long the current inventory would last at the current sales pace, plummeted to just 0.8 months. This 72.4% decrease from the previous year further highlights the competitive nature of the eastern Pedley market, with demand significantly outstripping supply.

Sales activity in eastern Pedley was robust, with closed sales increasing by an impressive 300% to 4 transactions. This surge in sales, set against a backdrop of limited inventory, signals strong buyer demand and the successful absorption of available homes, despite the competitive environment.

Homes in eastern Pedley are selling faster than they were a year ago, with the average days on market now at 28, a 39.1% decrease from the previous year. This acceleration in sales pace suggests that properties are being snapped up quickly, often leading to multiple offer scenarios and less negotiation time for buyers.

A noteworthy metric is the list to sold price percentage, which now stands at 100.1%, indicating a 6.2% increase from a year ago. This figure signifies that, on average, homes are selling for just above their asking price, a clear indicator of a seller’s market where buyers are willing to pay premium prices to secure properties.

Property values have seen significant appreciation, with the average sales price climbing to $779,900, marking a 35.6% increase from the previous year. Furthermore, the average price per square foot has skyrocketed to $541, reflecting an 80.9% surge. These metrics highlight the area’s strong market performance, benefiting sellers with increased property values, while posing challenges for buyers facing higher prices.

In summary, the eastern Pedley residential real estate market in January 2024 has been characterized by a dramatic tightening of inventory, vigorous sales activity, rapid sales pace, and substantial price appreciation. The current market dynamics favor sellers, with buyers facing a highly competitive environment that demands quick decisions and flexibility.

As we look ahead, these trends underscore the importance of strategic planning and informed decision-making for those looking to engage with the eastern Pedley real estate market.

Area 7:

Pedley – West

Jurupa Valley 92509

 

 

As January 2024 concludes, the residential real estate market in the western Pedley area has shown a series of striking developments, marked by significant shifts in inventory, sales activity, and pricing trends. This report aims to provide a thorough overview of these dynamics, offering valuable insights for homeowners, potential buyers, and investors navigating the western portion of the Pedley market.

The area experienced a dramatic decrease in end-of-month active listings, which stood at just 3 properties, representing a 70% reduction from the previous year. This significant contraction in available inventory highlights a tightly constrained market, where the scarcity of listings has intensified competition among buyers and has potentially placed upward pressure on prices.

In line with the decrease in overall inventory, new listings in western Pedley also saw a sharp decline, falling by 66.7% to only 2 new properties entering the market. This reduction in new listings contributes to the ongoing challenge of limited housing supply, further exacerbating the competitive environment for prospective buyers.

The months supply of inventory, a critical measure indicating the balance between supply and demand, has plummeted to just 0.8 months. This 74.2% decrease from the previous year underscores a market that is heavily skewed in favor of sellers, with demand significantly outpacing the available supply of homes.

Despite the constrained inventory, closed sales in West Pedley surged, with 7 transactions completed, marking a 250% increase from the year ago. This remarkable uptick in sales activity demonstrates robust demand for homes in the area, with buyers actively engaging in the market despite the limited number of properties available.

Homes in the west Pedley area sold more quickly than they were a year ago, with the average days on market now at 65, a 52.9% decrease from the previous year. This reduced selling time indicates a faster-paced market where properties are being absorbed more quickly, often as a result of competitive bidding and buyers’ eagerness to secure their preferred homes.

The list to sold price percentage in West Pedley has adjusted to 94.0%, reflecting an 18.2% improvement from last year. This figure suggests that, on average, homes are selling closer to their asking prices, indicative of a market where buyers are compelled to make competitive offers, although there remains some room for negotiation.

Pricing trends in west Pedley have been particularly noteworthy, with the average sales price soaring to $791,241, a substantial 44.5% increase from the previous year.

Additionally, the average price per square foot has risen to $360, marking a 23.3% increase. These trends not only highlight the area’s strong market performance but also point to significant appreciation in property values, benefiting sellers while presenting affordability challenges for buyers.

In summary, the west Pedley residential real estate market in January 2024 has been characterized by a significant tightening of inventory, vigorous sales activity, a quicker sales pace, and substantial price appreciation. The current market dynamics favor sellers, with buyers facing a highly competitive environment that demands swift, decisive action.

As the market continues to evolve, strategic planning and informed decision-making will be crucial for those looking to engage with the west Pedley real estate landscape.

Area 8:

Mira Loma-East

Jurupa Valley 92509

 

As indicated in the image above, the eastern Mira Loma area is bordered by Bain St. to the west, Bellegrave Ave. to the north, Van Buren Blvd. to the northeast, the Pedley area to the southeast, and Limonite Ave, to the south.

As the close of January 2024, the Mira Loma east residential real estate market area presents a series of intriguing trends that are shaping the local housing landscape.

The area has experienced a significant decrease in the number of end-of-month active listings, with only 2 properties available, reflecting a sharp 71.4% decline from the previous year. This dramatic reduction in inventory indicates a highly constrained market, where potential buyers face limited options, increasing the competition for the few homes available.

In terms of new listings, there was a 50% decrease from the previous year, with only 1 new property entering the market. This further contraction in new listings exacerbates the challenge of limited inventory, suggesting that homeowners may be hesitant to sell or are waiting for more favorable conditions.

The months supply of inventory, a critical measure of market balance, now stands at 1.0 month. This represents a significant 66.7% decrease from the previous year, further highlighting the tight market conditions that favor sellers by providing them with increased leverage during negotiations due to the high demand and low supply.

Closed sales in the eastern Mira Loma area have seen a reduction, with only 2 transactions completed, marking a 50% decrease from the previous year. This decrease in sales activity could reflect the limited inventory available, potentially hampering buyers’ ability to find suitable properties and conclude transactions.

The average days on market for homes sold has increased to 61 days, up 52.5% from the previous year. This longer selling period suggests that, despite the constrained inventory, properties may be taking longer to sell, possibly due to pricing or the specific characteristics of the available homes.

An interesting development is the list to sold price percentage, which stands at 103.6%, a 3.1% increase from last year. This indicates that, on average, homes are selling for more than their asking price, a clear sign of a competitive market where buyers are willing to pay a premium to secure their desired properties.

Regarding pricing, the average sales price in eastern Mira Loma area has slightly decreased by 0.6% from the previous year to $575,000. Additionally, the average price per square foot has seen an 8.3% decrease, now at $431. These pricing trends suggest a subtle adjustment in the market, with property values experiencing a slight correction, possibly in response to the broader economic context or specific local factors.

In summary, the eastern Mira Loma residential real estate market at end of January 2024 has been characterized by a significant tightening of inventory, a reduction in sales activity, and nuanced shifts in pricing. While sellers may find themselves in a strong negotiating position due to the low supply, the market dynamics also indicate some challenges in aligning buyer and seller expectations, particularly in terms of pricing and property attributes.

As the market continues to evolve, participants will need to stay informed and adaptable to navigate these conditions effectively.

Area 9:

Jurupa – Stone

Jurupa Valley 92509

 

In the Jurupa-Stone residential area, as we close out January 2024, the real estate market reveals a unique landscape characterized by steadiness in listings but a notable absence in sales activity, reflecting both continuity and change within the local housing dynamics.

The end of the month active listings in the Jurupa-Stone area remained constant at 3 properties, mirroring the inventory level from a year ago. This stability indicates a market where the influx of new properties is balanced by those being sold or withdrawn, maintaining a steady state of available homes for prospective buyers.

The new listings metric also showed no change from the previous year, with only 1 new property coming onto the market. This consistency suggests a cautious approach among potential sellers, possibly awaiting more favorable market conditions or reflecting a broader trend of holding onto properties in a fluctuating economic environment.

A significant shift is observed in the months supply of inventory, which increased to 2.0 months, up by 81.8% from the previous year. This substantial rise indicates a market adjusting towards greater balance, providing buyers with more options and potentially alleviating some of the competitive pressure seen in tighter markets.

However, the market experienced a complete halt in closed sales with a 100% decrease from the previous year, leading to an absence of sales activity for the month.

This stark contrast prevents the analysis of average days on market and list to sold price percentage, crucial indicators for understanding the pace of sales and negotiation dynamics within the local real estate landscape.

Despite the lack of sales data, property values in the Jurupa-Stone area have continued to appreciate. The average sales price has reached $787,500, marking an 11.7% increase from the previous year, based on a rolling 6-month average calculation.

Additionally, the average price per square foot edged up to $327, a modest 0.6% increase from last year. These pricing trends signify a market where values are on the rise, benefiting homeowners and sellers with increased equity, though posing challenges for affordability among potential buyers.

In summary, the Jurupa-Stone residential real estate market in January 2024 presents a scenario of steady inventory levels juxtaposed with an absence of sales activity. The increase in the months supply inventory suggests a shift towards a more balanced market, yet the lack of transactions underscores potential mismatches between buyer expectations and available properties.

The continued growth in property values reflects the area’s enduring appeal, emphasizing the need for strategic navigation by market participants amidst evolving conditions.

Area 10:

Glen Avon – South

Jurupa Valley 91752

 

In the southern Glen Avon residential area, as we conclude January 2024, the real estate market has unfolded with some remarkable shifts, underscoring a period of significant transformation. This report aims to distill these key metrics and trends, offering insights into the local market dynamics for homeowners, prospective buyers, and investors.

The market in southern Glen Avon has seen a dramatic reduction in the number of end-of-month active listings, with only 1 property available, marking a steep 91.7% decrease from the previous year. This significant contraction in inventory highlights an unprecedented scarcity of available homes, setting the stage for a highly competitive market environment.

Concurrently, new listings have also experienced a substantial decline, with just 1 new property entering the market, a 66.7% decrease from a year ago. This reduction in new listings further accentuates the tight supply conditions, limiting options for buyers and potentially intensifying competition for any available property.

The months supply of inventory, which provides insight into the balance between supply and demand, has plummeted to 0.2 months, reflecting a dramatic 92.9% decrease from the previous year. This indicator underscores a market with an extremely limited supply relative to demand, suggesting a market heavily skewed in favor of sellers, where buyers have exceedingly few options.

Amid these constrained supply conditions, closed sales in the southern Glen Avon area have surprisingly doubled, with 2 transactions completed, marking a 100% increase from the previous year. This rise in sales activity, despite the scarcity of inventory, indicates that there remains a strong demand for homes in the area, with buyers actively pursuing the limited opportunities available.

A striking aspect of the current market is the average days on market for homes sold, which has skyrocketed to 111 days, an increase of 2,120% from the previous year. I suspect that this dramatic lengthening in the time to sell indicates an anomaly unique to an individual property.   The end of month metrics for February will be telling.

The list to sold price percentage has adjusted to 94.8%, a decrease of 4.8% from last year, suggesting that homes are selling for less relative to their listing prices. This shift indicates a market where buyers may be exercising greater negotiation power, or sellers may be adjusting their expectations in order to close deals.

Regarding pricing, the south Glen Avon area has experienced a notable depreciation in property values, with the average sales price dropping to $618,500, a decrease of 20.9% from the previous year.

Similarly, the average price per square foot has fallen to $356, representing a 33.6% decrease. These trends indicate a significant adjustment in the market, with property values declining from their previous levels, reflecting changes in buyer sentiment, affordability constraints, or broader economic factors influencing the local real estate landscape.

In summary, the south Glen Avon residential real estate market as of the end of January 2024 has been characterized by a dramatic tightening of inventory, significant changes in sales activity, and notable adjustments in pricing. The current market conditions present challenges and opportunities, with strategic navigation required for both buyers and sellers in a landscape marked by transformation.

As the market continues to evolve, staying informed and adaptable will be key to achieving success in the south Glen Avon real estate market.

 Area 11:

California Horizon,

Jurupa Valley 91752

 

 

 

In the California Horizon residential area, as we review the market for the month ending January 2024, we find a unique situation that starkly contrasts with the bustling activity typically observed in real estate markets.

January 2024 has seen an unprecedented scenario in the California Horizon area, with end-of-month active listings standing at 0, mirroring the situation from a year ago. This indicates a complete lack of inventory in the market, a condition that is highly unusual and signifies no movement in terms of properties being listed for sale.

Correspondingly, there were no new listings for the month, maintaining the same status as the previous year. The absence of new listings further emphasizes the stagnant state of the market, with no homeowners or investors coming forward to sell properties within this period.

Given the absence of any active or new listings, the market is left without data for months supply inventory. This key indicator, which helps gauge the balance between supply and demand, cannot be calculated due to the total lack of inventory, painting a picture of a market at a standstill.

Sales activity has also been non-existent, with closed sales for the month remaining at 0, consistent with the lack of listings and inventory. This further underscores the halted state of transactions within the California Horizon area.

Without any closed sales, there are no available data points for average days on market or the list to sold price percentage. These metrics, which typically provide insights into the pace of the market and negotiation dynamics between buyers and sellers, are not applicable in the absence of sales activity.

The last known sale in the California Horizon area occurred in December 2022, involving a 1,600 square foot, 3 bedroom/3 bathroom home. This property was originally listed at $589,000 on October 7, 2022, and closed on December 5, 2022, for $549,800, with a price per square foot of $343.62. This sale provides a glimpse into the market’s pricing dynamics before the current standstill, offering a benchmark for property values within the area at that time.

In summary, the California Horizon residential real estate market ending January 2024 presents an extraordinary case of inactivity, with no listings, no sales, and consequently, no movement in market metrics. This situation poses challenges in providing traditional market analysis but serves as a stark reminder of the variability and unpredictability inherent in real estate markets.

For potential buyers, sellers, and investors, this report underscores the importance of staying informed and adaptable, ready to engage when the market resumes activity.

Area 12:

Glen Avon,

Jurupa Valley 92509

 

 

As of the end of January 2024, the Glen Avon residential real estate market presents a mixture of continuity and change, reflecting nuanced shifts in market dynamics.

The end of month active listings in Glen Avon stands at 3, marking a 25% decrease from the previous year. This reduction in active listings indicates a tightening in the availability of homes, suggesting that potential buyers may face a more competitive market due to the limited inventory.

Despite the decrease in active listings, new listings remained stagnant with 0 new properties entering the market, mirroring the situation from a year ago. This lack of new listings contributes to the constrained inventory levels, potentially impacting market fluidity and the range of options available to prospective buyers.

The months supply of inventory, which offers insight into the balance between supply and demand, has decreased to 2.1 months, down 30% from the previous year. This reduction signifies a market moving towards tighter conditions, where demand is increasingly outpacing supply, potentially leading to a more seller-favorable environment.

Closed sales in Glen Avon have remained steady with 1 transaction completed, showing no change from the previous year. This stability in sales activity, amidst the backdrop of reduced inventory, may indicate a market where demand is being met with the limited supply available, but also suggests a cautious approach from buyers and sellers alike.

A notable shift is seen in the average days on market, which has dramatically decreased to 0 days, indicating a 100% change from the previous year. This remarkable shift suggests that the home that did sell, did so immediately, reflecting a potentially highly competitive market dynamic for desirable properties.

The list to sold price percentage has seen a significant increase to 100.0%, up 37.6% from a year ago. This metric indicates that properties are selling for their asking price, signaling strong demand and a willingness among buyers to meet sellers’ price expectations, further underscoring the competitive nature of the Glen Avon market.

Pricing trends have shown considerable growth, with the average sales price reaching $582,500, reflecting a 25.9% increase from the previous year, based on a rolling 3-month average calculation. Additionally, the average price per square foot has surged to $581, up 85% from last year. These increases highlight substantial appreciation in property values within Glen Avon, benefiting sellers and reflecting a robust demand for homes in the area.

In summary, the Glen Avon residential real estate market ending January 2024 has been characterized by reduced inventory, stable sales activity, immediate market absorption of available properties, and significant appreciation in property values. These dynamics suggest a market that is increasingly competitive, favoring sellers while presenting challenges for buyers in terms of both availability and pricing.

As the market continues to evolve, participants will need to navigate these conditions carefully, with strategic consideration of timing, pricing, and negotiation tactics.

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As a real estate broker, understanding the nuanced market shifts in the above residential area market update reports is key to providing informed advice and strategy to sellers throughout the 92509 – zip code area.

For a comprehensive understanding of how the trends above can impact your real estate decisions, contact me.  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.