92509 Residential Real Estate Market Update - Jurupa Valley - May 2024

History of the 92509

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

End of Month Active Listings: 8, +33.3% change from a year ago.

New Listings: 7 , +40.0% change from a year ago.

Months Supply Inventory: 2.5, +127.3% change from a year ago.

Closed Sales: 4, +33.3% change from a year ago.

Average Days on Market: 28, +366.7% change from a year ago.

List to Sold Price %: 98.3% , -5.0% change from a year ago.

Average Sales Price: $746,625 , +40.3% change from a year ago,

Average Price Square Foot: $323 , -5.8% change from a year ago,

As of the end of May 2024, the Sunnyslope residential real estate market has demonstrated some significant changes, showcasing shifts in inventory, sales activity, and pricing dynamics. Here is a detailed overview of the current market conditions based on the latest metrics.

The number of active listings in Sunnyslope at the end of May was 8, reflecting a 33.3% increase compared to the same period last year. This rise in active listings indicates a growing inventory, providing more options for prospective buyers. The market also saw 7 new listings during May, marking a 40.0% increase from a year ago. This surge in new listings suggests an active and vibrant market, with more homeowners deciding to sell their properties.

The months supply of inventory has increased significantly to 2.5 months, a 127.3% rise from last year. This metric indicates that it would take 2.5 months to sell the current inventory at the present rate of sales, moving the market towards a more balanced state, though still favoring sellers slightly.

Closed sales in May totaled 4, representing a 33.3% increase from the previous year. This uptick in closed transactions points to strong buyer demand and a healthy pace of market activity. However, the average days on market for properties in Sunnyslope rose to 28 days, a substantial 366.7% increase from last year. This increase suggests that while more properties are selling, they are taking longer to do so, which could indicate a more deliberate and competitive buying process.

The list-to-sold price percentage was 98.3%, a slight decrease of 5.0% from a year ago. This figure shows that homes are selling just below their asking prices on average, reflecting some negotiation flexibility in the market.

The average sales price in Sunnyslope surged to $746,625, marking a significant 40.3% increase from last year. This dramatic rise in sales price highlights strong appreciation in property values within the area. Conversely, the average price per square foot saw a slight decline, now at $323, which is a 5.8% decrease from a year ago. This decrease may suggest variability in the types of properties being sold or changes in buyer preferences towards more spacious homes.

In summary, the Sunnyslope residential real estate market as of May 2024 is characterized by an increase in both active and new listings, a more balanced inventory level, and a healthy increase in closed sales. Despite properties taking longer to sell, they are achieving prices close to the asking values, with significant appreciation in overall sales prices. Buyers and sellers in Sunnyslope should work closely with experienced real estate professionals to navigate these evolving market conditions and make informed decisions.

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:

North Rubidoux-Belltown

Jurupa Valley, CA 92509

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

New Listings: 1 , no change from a year ago data.

Months Supply Inventory: .7, 0.0% change from a year ago.

Closed Sales: 1, -50.0% change from a year ago.

Average Days on Market: 20, +100.0% change from a year ago.

List to Sold Price %: 86.7% , -15.2% change from a year ago.

Average Sales Price: $585,000 , calculated using a rolling 3-month average, +23.2% change from a year ago.

Average Price Square Foot: $427 , calculated using a rolling 3-month average, +10.6% change from a year ago.

As of the end of May 2024, the residential real estate market in the North Rubidoux-Belltown area has shown various shifts that reflect changes in inventory, sales activity, and pricing dynamics. Below is an in-depth look at the key market metrics and trends for this period.

The number of active listings in North Rubidoux-Belltown at the end of May was 1, with no data available regarding changes from a year ago. This single active listing suggests a very tight inventory, which can intensify competition among prospective buyers. Similarly, the market saw 1 new listing during May, unchanged from the same period last year, indicating a consistent, though limited, inflow of new properties.

The months supply of inventory remained at 0.7 months, with no change from last year. This metric indicates a seller’s market, where the limited supply relative to demand would typically drive up competition among buyers.

Closed sales in May totaled 1, which represents a 50.0% decrease from last year. This significant drop in closed transactions points to reduced sales activity, possibly due to the constrained inventory. Additionally, the average days on market for properties in North Rubidoux-Belltown increased to 20 days, a 100.0% rise from last year. This increase suggests that properties are taking longer to sell compared to the exceptionally fast pace observed previously.

The list-to-sold price percentage dropped to 86.7%, reflecting a 15.2% decrease from a year ago. This notable decline indicates that properties are selling for significantly below their asking prices on average, which may point to increased negotiation flexibility or adjustments in seller expectations.

The average sales price in North Rubidoux-Belltown, calculated using a rolling 3-month average, was $585,000. This figure represents a substantial 23.2% increase from last year, highlighting strong appreciation in property values within the area. Additionally, the average price per square foot, also calculated using a rolling 3-month average, rose to $427, marking a 10.6% increase from a year ago. These increases in both average sales price and price per square foot reflect ongoing demand and market strength.

In summary, the North Rubidoux-Belltown residential real estate market as of May 2024 is characterized by very limited inventory and new listings, reduced closed sales, and properties taking longer to sell. Despite these challenges, the market has seen significant appreciation in both overall sales prices and price per square foot. The drop in list-to-sold price percentage suggests increased room for negotiation. Buyers and sellers in North Rubidoux-Belltown should work closely with experienced real estate professionals to navigate these evolving market conditions and make informed decisions.

Area 3:

Rubidoux,

Jurupa Valley, CA 92509

End of Month Active Listings: 7 +75.0% change from a year ago.

New Listings: 5, -16.7% change from a year ago.

Months Supply Inventory: 1.3, +116.7% change from a year ago.

Closed Sales: 7, +16.7% change from a year ago.

Average Days on Market: 25, +92.3% change from a year ago.

List to Sold Price %: 100.5% , -0.3% change from a year ago.

Average Sales Price: $571,429, 0.0% change from a year ago

Average Price Square Foot: $401 , +41.2% change from a year ago

As of the end of May 2024, the residential real estate market in Rubidoux has exhibited notable changes, reflecting shifts in inventory levels, sales activity, and pricing metrics. Below is a detailed analysis of the current market conditions based on the latest data.

The number of active listings in Rubidoux at the end of May was 7, showing a significant 75.0% increase compared to the same period last year. This substantial rise in active listings indicates a greater availability of homes for prospective buyers, contributing to a more balanced market. However, the market saw 5 new listings during May, which is a 16.7% decrease from a year ago, suggesting a slight drop in the influx of fresh inventory.

The months supply of inventory has risen to 1.3 months, marking a 116.7% increase from last year. This metric shows that it would take 1.3 months to sell the current inventory at the present rate of sales, indicating a more balanced market compared to the previous year when inventory levels were lower.

Closed sales in May totaled 7, representing a 16.7% increase from last year. This rise in closed transactions highlights robust buyer demand and a healthy level of market activity. However, the average days on market for properties in Rubidoux increased to 25 days, a 92.3% rise from last year. This increase suggests that while more properties are selling, they are taking longer to do so compared to the exceptionally fast pace observed previously.

The list-to-sold price percentage remained strong at 100.5%, with only a slight decrease of 0.3% from a year ago. This figure indicates that homes are selling very close to their asking prices on average, reflecting a balanced negotiation environment.

The average sales price in Rubidoux stood at $571,429, unchanged from last year. This stability in the average sales price suggests that while there is increased inventory and sales activity, the overall pricing has remained consistent. Conversely, the average price per square foot saw a significant increase, now at $401, which is a 41.2% rise from a year ago. This substantial increase suggests that buyers are valuing the property space more highly, possibly due to enhanced property features or increased demand for quality living spaces.

In summary, the Rubidoux residential real estate market as of May 2024 is characterized by increased active listings, a slight decrease in new listings, and a more balanced inventory level. Sales activity remains strong, with properties selling close to their asking prices, although they are taking slightly longer to sell. The stability in average sales prices, combined with a significant increase in price per square foot, indicates continued demand and market strength. Buyers and sellers in Rubidoux should work closely with experienced real estate professionals to navigate these evolving market conditions and make informed decisions.

Area 4:

Jurupa Hills,

Jurupa Valley 92509

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

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

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

Closed Sales: 3, 0.0% change from a year ago.

Average Days on Market: 46, +39.4% change from a year ago.

List to Sold Price %: 96.5%, -0.7% change from a year ago.

Average Sales Price: $700,417, -17.4% change from a year ago.

Average Price Square Foot: $310, -35.8% change from a year ago.

As of the end of May 2024, the residential real estate market in Jurupa Hills has shown stability in some metrics while also reflecting significant changes in others. Below is a detailed analysis of the current market conditions based on the latest data.

The number of active listings in Jurupa Hills at the end of May was 1, with no data available regarding changes from a year ago. This indicates a very tight inventory, suggesting limited options for prospective buyers. Similarly, the market saw 1 new listing during May, unchanged from the same period last year, pointing to a consistent but limited inflow of new properties.

The months supply of inventory remained at 0.5 months, with no change from last year. This metric indicates a strong seller’s market, where the limited supply relative to demand would typically drive up competition among buyers.

Closed sales in May totaled 3, consistent with the number from last year. This stability in closed transactions highlights a steady demand and market activity. However, the average days on market for properties in Jurupa Hills increased to 46 days, a 39.4% rise from last year. This increase suggests that while properties are still selling, they are taking longer to do so compared to the faster pace observed previously.

The list-to-sold price percentage dropped slightly to 96.5%, reflecting a 0.7% decrease from a year ago. This slight decline indicates that properties are selling for just below their asking prices on average, which may point to increased negotiation flexibility or adjustments in seller expectations.

The average sales price in Jurupa Hills was $700,417, representing a 17.4% decrease from last year. This notable drop in sales price suggests potential changes in the types of properties being sold or a shift in market dynamics. Additionally, the average price per square foot decreased significantly to $310, marking a 35.8% decline from a year ago. This considerable decrease indicates a lower valuation of property space, which could be due to various factors including changes in buyer preferences or a higher proportion of sales of less expensive properties.

In summary, the Jurupa Hills residential real estate market as of May 2024 is characterized by a very limited inventory and a consistent rate of new listings and closed sales. Properties are taking longer to sell and achieving slightly lower sale prices relative to their listing prices. The decreases in both average sales prices and price per square foot suggest shifts in market conditions and property valuations. Buyers and sellers in Jurupa Hills should work closely with experienced real estate professionals to navigate these evolving market dynamics and make informed decisions.

Area 5:

Indian Hills

Jurupa Valley, CA 92509

End of Month Active Listings: 5 , -44.4% change from a year ago.

New Listings: 6 , +20.0% change from a year ago.

Months Supply Inventory: 1.4, -17.6% change from a year ago.

Closed Sales: 4, -42.9% change from a year ago.

Average Days on Market: 13, -50.0% change from a year ago.

List to Sold Price %: 101.5% , +2.2% change from a year ago.

Average Sales Price: $753,750, +17.5% change from a year ago.

Average Price Square Foot: $332 , +4.7% change from a year ago.

As of the end of May 2024, the residential real estate market in Indian Hills has exhibited significant changes, reflecting various shifts in inventory, sales activity, and pricing metrics. Below is a comprehensive analysis of the current market conditions based on the latest data.

The number of active listings in Indian Hills at the end of May was 5, representing a 44.4% decrease compared to the same period last year. This substantial reduction in active listings indicates a tighter inventory, suggesting limited options for prospective buyers. However, the market saw 6 new listings during May, marking a 20.0% increase from a year ago. This rise in new listings suggests a healthy inflow of fresh inventory, providing more choices for buyers.

The months supply of inventory has decreased to 1.4 months, reflecting a 17.6% drop from last year. This metric indicates a seller’s market, where the limited supply relative to demand would typically drive up competition among buyers.

Closed sales in May totaled 4, a significant 42.9% decrease from last year. This notable drop in closed transactions points to reduced sales activity, possibly due to the constrained inventory. However, the average days on market for properties in Indian Hills decreased to 13 days, a 50.0% reduction from last year. This sharp decline suggests that properties are selling much faster, reflecting strong buyer interest and quick decision-making.

The list-to-sold price percentage increased to 101.5%, reflecting a 2.2% rise from a year ago. This figure indicates that homes are selling for above their asking prices on average, underscoring a competitive market where buyers are willing to bid higher to secure a purchase.

The average sales price in Indian Hills was $753,750, representing a 17.5% increase from last year. This substantial rise in sales price highlights strong appreciation in property values within the area. Additionally, the average price per square foot increased to $332, marking a 4.7% rise from a year ago. These increases in both the average sales price and price per square foot reflect ongoing demand and market strength.

In summary, the Indian Hills residential real estate market as of May 2024 is characterized by a significant decrease in active listings and closed sales, coupled with a notable increase in new listings. Properties are selling faster and for above their asking prices, indicating a highly competitive market. The substantial increases in both average sales prices and price per square foot highlight continued appreciation in the area. Buyers and sellers in Indian Hills should work closely with experienced real estate professionals to navigate these evolving market conditions and make informed decisions.

Area 6:

Pedley – East

Jurupa Valley, CA 92509

End of Month Active Listings: 6 , +20.0% change from a year ago.

New Listings: 4, +33.3% change from a year ago.

Months Supply Inventory: 2.0, +11.1% change from a year ago.

Closed Sales: 3, +50.0% change from a year ago.

Average Days on Market: 9, -25.0% change from a year ago.

List to Sold Price %: 101.0%, -3.5% change from a year ago

Average Sales Price: $590,473 , -3.2% change from a year ago.

Average Price Square Foot: $375, +2.5% change from a year ago.

As of the end of May 2024, the residential real estate market in East Pedley has shown significant changes in inventory, sales activity, and pricing metrics. Below is an in-depth analysis of the current market conditions based on the latest data.

The number of active listings in East Pedley at the end of May was 6, reflecting a 20.0% increase compared to the same period last year. This increase in active listings indicates a greater availability of homes for prospective buyers, suggesting a more balanced market. Additionally, the market saw 4 new listings during May, marking a 33.3% increase from a year ago. This rise in new listings points to a healthy influx of fresh inventory, providing more choices for buyers.

The months supply of inventory has increased to 2.0 months, reflecting an 11.1% rise from last year. This metric indicates that it would take 2 months to sell the current inventory at the present rate of sales, suggesting a more balanced market compared to the previous year.

Closed sales in May totaled 3, representing a 50.0% increase from last year. This rise in closed transactions highlights robust buyer demand and a healthy level of market activity. The average days on market for properties in East Pedley decreased to 9 days, a 25.0% reduction from last year. This decline suggests that properties are selling faster, reflecting strong buyer interest and quick decision-making.

The list-to-sold price percentage was 101.0%, a slight decrease of 3.5% from a year ago. This figure indicates that homes are still selling for above their asking prices on average, underscoring a competitive market where buyers are willing to bid higher to secure a purchase.

The average sales price in East Pedley stood at $590,473, representing a 3.2% decrease from last year. This slight drop in sales price suggests potential changes in the types of properties being sold or a shift in market dynamics. Conversely, the average price per square foot increased to $375, marking a 2.5% rise from a year ago. This increase indicates a higher valuation of property space, reflecting ongoing demand and market strength.

In summary, the East Pedley residential real estate market as of May 2024 is characterized by increased active and new listings, a more balanced inventory level, and a significant rise in closed sales. Properties are selling faster and for above their asking prices, indicating a highly competitive market. The slight decrease in average sales prices, coupled with an increase in price per square foot, highlights shifts in market conditions and property valuations. Buyers and sellers in East Pedley should work closely with experienced real estate professionals to navigate these evolving market dynamics and make informed decisions.

Area 7:

Pedley – West

Jurupa Valley 92509

End of Month Active Listings: 2, -77.8% change from a year ago.

New Listings: 1 , -88.9% change from a year ago.

Months Supply Inventory: .6 , -73.9% change from a year ago.

Closed Sales: 3, -40.0% change from a year ago.

Average Days on Market: 21, -30.0% change from a year ago.

List to Sold Price %: 104.3% , +6.5% change from a year ago.

Average Sales Price: $722,583, +6.9% change from last year

Average Price Square Foot: $432, +20.7% change from last year

As of the end of May 2024, the residential real estate market in Western Pedley has exhibited notable shifts, reflecting significant changes in inventory levels, sales activity, and pricing dynamics. Below is a detailed analysis of the current market conditions based on the latest data.

The number of active listings in Western Pedley at the end of May was 2, representing a substantial 77.8% decrease compared to the same period last year. This significant reduction in active listings indicates a very tight inventory, suggesting limited options for prospective buyers. Similarly, the market saw only 1 new listing during May, marking an 88.9% decrease from a year ago. This sharp decline in new listings further emphasizes the scarcity of available homes on the market.

The months supply of inventory has decreased to 0.6 months, reflecting a 73.9% drop from last year. This metric indicates a strong seller’s market, where the limited supply relative to demand is likely driving up competition among buyers.

Closed sales in May totaled 3, representing a 40.0% decrease from last year. This notable drop in closed transactions points to reduced sales activity, possibly due to the constrained inventory. However, the average days on market for properties in Western Pedley decreased to 21 days, a 30.0% reduction from last year. This decline suggests that properties are selling faster, reflecting strong buyer interest and quick decision-making.

The list-to-sold price percentage increased to 104.3%, reflecting a 6.5% rise from a year ago. This figure indicates that homes are selling for above their asking prices on average, underscoring a competitive market where buyers are willing to bid higher to secure a purchase.

The average sales price in Western Pedley stood at $722,583, representing a 6.9% increase from last year. This rise in sales price highlights continued appreciation in property values within the area. Additionally, the average price per square foot increased to $432, marking a 20.7% rise from a year ago. These increases in both the average sales price and price per square foot reflect ongoing demand and market strength.

In summary, the Western Pedley residential real estate market as of May 2024 is characterized by a significant decrease in active and new listings, leading to a highly competitive seller’s market. Despite reduced sales activity, properties are selling faster and for above their asking prices. The increases in both average sales prices and price per square foot indicate strong appreciation in the area. Buyers and sellers in Western Pedley should work closely with experienced real estate professionals to navigate these evolving market dynamics and make informed decisions.

Area 8:

Mira Loma-East

Jurupa Valley 92509

End of Month Active Listings: 2 , -50.0% change from a year ago.

New Listings: 2, -33.3% change data from a year ago.

Months Supply Inventory: 0.8, -55.6% change from a year ago.

Closed Sales: 1, -50.0% change from a year ago.

Average Days on Market: 1, -98.8% change from a year ago.

List to Sold Price %: 104.4%, +8.0% change from a year ago.

Average Sales Price: $852,250, calculated using a rolling 3-month average, +25.8% change from a year ago.

Average Price Square Foot: $452, calculated using a rolling 3-month average, +19.3% change from a year ago.

As of the end of May 2024, the residential real estate market in East Mira Loma has undergone significant changes, reflecting shifts in inventory, sales activity, and pricing metrics. Below is a comprehensive analysis of the current market conditions based on the latest data.

The number of active listings in East Mira Loma at the end of May was 2, representing a 50.0% decrease compared to the same period last year. This substantial reduction in active listings indicates a very tight inventory, suggesting limited options for prospective buyers. Similarly, the market saw only 2 new listings during May, marking a 33.3% decrease from a year ago. This decline in new listings further emphasizes the scarcity of available homes on the market.

The months supply of inventory has decreased to 0.8 months, reflecting a 55.6% drop from last year. This metric indicates a strong seller’s market, where the limited supply relative to demand is likely driving up competition among buyers.

Closed sales in May totaled 1, representing a 50.0% decrease from last year. This notable drop in closed transactions points to reduced sales activity, possibly due to the constrained inventory. However, the average days on market for properties in East Mira Loma decreased significantly to 1 day, a 98.8% reduction from last year. This sharp decline suggests that properties are selling almost immediately, reflecting exceptionally strong buyer interest and quick decision-making.

The list-to-sold price percentage increased to 104.4%, reflecting an 8.0% rise from a year ago. This figure indicates that homes are selling for well above their asking prices on average, underscoring a highly competitive market where buyers are willing to bid higher to secure a purchase.

The average sales price in East Mira Loma stood at $852,250, calculated using a rolling 3-month average, representing a 25.8% increase from last year. This significant rise in sales price highlights continued appreciation in property values within the area. Additionally, the average price per square foot increased to $452, also calculated using a rolling 3-month average, marking a 19.3% rise from a year ago. These increases in both the average sales price and price per square foot reflect ongoing demand and market strength.

In summary, the East Mira Loma residential real estate market as of May 2024 is characterized by a significant decrease in active and new listings, leading to a highly competitive seller’s market. Despite reduced sales activity, properties are selling almost immediately and for well above their asking prices. The substantial increases in both average sales prices and price per square foot indicate strong appreciation in the area. Buyers and sellers in East Mira Loma should work closely with experienced real estate professionals to navigate these evolving market dynamics and make informed decisions.

Area 9:

Jurupa – Stone

Jurupa Valley 92509

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

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

Months Supply Inventory: 1.5, +200.0% change from a year ago.

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

Average Days on Market: 8, -85.2% change from a year ago.

List to Sold Price %: 100.2%, +4.5% change from a year ago.

Average Sales Price: $930,000 , +43.1% change from a year ago.

Average Price Square Foot: $279, -14.9% change from a year ago.

As of the end of May 2024, the residential real estate market in Jurupa-Stone has shown remarkable shifts, with significant changes in inventory levels, sales activity, and pricing dynamics. Below is an in-depth analysis of the current market conditions based on the latest data.

The number of active listings in Jurupa-Stone at the end of May was 3, reflecting a substantial 200.0% increase compared to the same period last year. This significant rise in active listings indicates a greater availability of homes for prospective buyers, contributing to a more balanced market. Additionally, the market saw 2 new listings during May, marking a 100.0% increase from a year ago. This increase in new listings suggests a healthy influx of fresh inventory, providing more options for buyers.

The months supply of inventory has increased to 1.5 months, representing a 200.0% rise from last year. This metric indicates a more balanced market compared to the previous year when inventory levels were lower, suggesting that it would take 1.5 months to sell the current inventory at the present rate of sales.

Closed sales in May totaled 2, reflecting a 100.0% increase from last year. This rise in closed transactions highlights robust buyer demand and a healthy level of market activity. The average days on market for properties in Jurupa-Stone decreased to 8 days, an 85.2% reduction from last year. This significant decline suggests that properties are selling much faster, reflecting strong buyer interest and quick decision-making.

The list-to-sold price percentage increased to 100.2%, reflecting a 4.5% rise from a year ago. This figure indicates that homes are selling for slightly above their asking prices on average, underscoring a competitive market where buyers are willing to bid higher to secure a purchase.

The average sales price in Jurupa-Stone stood at $930,000, representing a 43.1% increase from last year. This substantial rise in sales price highlights strong appreciation in property values within the area. Conversely, the average price per square foot decreased to $279, marking a 14.9% decline from a year ago. This decrease suggests that larger or more luxurious properties, which command a lower price per square foot, might be driving the increase in overall sales price.

In summary, the Jurupa-Stone residential real estate market as of May 2024 is characterized by increased active and new listings, leading to a more balanced market. Sales activity remains strong, with properties selling quickly and for slightly above their asking prices. The substantial increase in average sales prices, combined with a decrease in price per square foot, indicates shifts in the types of properties being sold and market dynamics. Buyers and sellers in Jurupa-Stone should work closely with experienced real estate professionals to navigate these evolving market conditions and make informed decisions.

Area 10:

Glen Avon – South

Jurupa Valley 91752

End of Month Active Listings: 1, -92.9% change from a year ago.

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

Months Supply Inventory: 0.3, -90.9% change from a year ago.

Closed Sales: 2, -75.0% change from a year ago.

Average Days on Market: 30, -3.2% change from a year ago.

List to Sold Price %: 101.7%, +0.1% change from a year ago.

Average Sales Price: $637,500 , -15.1% change from a year ago.

Average Price Square Foot: $437, +63.7% change from last year.

As of the end of May 2024, the residential real estate market in South Glen Avon has experienced significant shifts, reflecting changes in inventory levels, sales activity, and pricing metrics. Here is a detailed analysis of the current market conditions based on the latest data.

The number of active listings in South Glen Avon at the end of May was 1, representing a substantial 92.9% decrease compared to the same period last year. This dramatic reduction in active listings indicates an extremely tight inventory, suggesting very limited options for prospective buyers. Furthermore, the market saw no new listings during May, marking a 100.0% decrease from a year ago. This absence of new listings further exacerbates the scarcity of available homes on the market.

The months supply of inventory has decreased to 0.3 months, reflecting a 90.9% drop from last year. This metric indicates a strong seller’s market, where the limited supply relative to demand is likely driving up competition among buyers.

Closed sales in May totaled 2, representing a 75.0% decrease from last year. This significant drop in closed transactions points to reduced sales activity, possibly due to the constrained inventory. The average days on market for properties in South Glen Avon was 30 days, a slight 3.2% decrease from last year. This relatively stable figure suggests that despite the limited number of sales, properties are still selling at a consistent pace.

The list-to-sold price percentage increased slightly to 101.7%, reflecting a 0.1% rise from a year ago. This figure indicates that homes are selling for above their asking prices on average, underscoring a competitive market where buyers are willing to bid higher to secure a purchase.

The average sales price in South Glen Avon stood at $637,500, representing a 15.1% decrease from last year. This notable drop in sales price suggests potential changes in the types of properties being sold or a shift in market dynamics. Conversely, the average price per square foot increased to $437, marking a substantial 63.7% rise from a year ago. This significant increase indicates that buyers are valuing property space more highly, possibly due to the high demand and limited supply.

In summary, the South Glen Avon residential real estate market as of May 2024 is characterized by an extremely limited inventory and no new listings, leading to a highly competitive seller’s market. Despite reduced sales activity, properties are selling consistently and for above their asking prices. The decreases in average sales prices, combined with substantial increases in price per square foot, indicate shifts in market conditions and property valuations. Buyers and sellers in South Glen Avon should work closely with experienced real estate professionals to navigate these evolving market dynamics and make informed decisions.

Area 11:

California Horizon,

Jurupa Valley 91752

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

New Listings: 1, no change from a year ago data.

Months Supply Inventory: 1.0 , no change from a year ago data.

Closed Sales: 0 , 0.0% change from last year

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

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

Average Sales Price: $645,000, calculated using a rolling 3-month average.

Average Price Square Foot: $421, calculated using a rolling 3-month average.

As of the end of May 2024, the residential real estate market in California Horizon has shown stability in several key metrics, with no significant changes in inventory levels or new listings compared to the previous year. Below is a detailed analysis of the current market conditions based on the latest data.

The number of active listings in California Horizon at the end of May was 1, with no change from the same period last year. This indicates a stable inventory level, suggesting consistent availability of homes for prospective buyers. Similarly, the market saw 1 new listing during May, unchanged from a year ago, pointing to a steady inflow of fresh inventory.

The months supply of inventory remained at 1.0 months, with no change from last year. This metric suggests a balanced market, where the supply of homes is in equilibrium with the demand.

There were no closed sales in May, consistent with the same number from last year. This lack of closed transactions means that there is no available data for average days on market or the list-to-sold price percentage for this period. The absence of closed sales could indicate various factors, including potential seasonal variations or other market dynamics.

The average sales price in California Horizon, calculated using a rolling 3-month average, was $645,000. This figure provides a reliable indicator of market conditions over a more extended period, ensuring that short-term fluctuations do not skew the data. Additionally, the average price per square foot, also calculated using a rolling 3-month average, was $421. These pricing metrics reflect the high value and demand for properties in the area.

In summary, the California Horizon residential real estate market as of May 2024 is characterized by stable inventory levels and new listings, with no closed sales recorded for the month. The market remains balanced, with consistent average sales prices and price per square foot, indicating ongoing demand and value for properties in the area. Buyers and sellers in California Horizon should be prepared for a stable but competitive environment and are advised to work closely with experienced real estate professionals to navigate these market conditions effectively.

Area 12:

Glen Avon,

Jurupa Valley 92509

End of Month Active Listings: 2, 0.0% change from a year ago.

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

Months Supply Inventory: 1.3, -18.8% change from a 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.

Average Sales Price: $598,500, calculated using a rolling 3-month average, +1.9% change from a year ago.

Average Price Square Foot: $533, calculated using a rolling 3-month average, +52.3% change from a year ago.

As of the end of May 2024, the residential real estate market in Glen Avon has demonstrated both stability and notable shifts in various metrics. Below is a comprehensive analysis of the current market conditions based on the latest data.

The number of active listings in Glen Avon at the end of May was 2, with no change from the same period last year. This indicates a stable inventory level, suggesting consistent availability of homes for prospective buyers. However, the market saw only 1 new listing during May, marking a 50.0% decrease from a year ago. This decline in new listings highlights a reduced inflow of fresh inventory, which may contribute to a tighter market.

The months supply of inventory has decreased to 1.3 months, reflecting an 18.8% drop from last year. This metric suggests a seller’s market, where the limited supply relative to demand is likely driving up competition among buyers.

There were no closed sales in May, representing a 100.0% decrease from last year. The absence of closed transactions means there is no available data for average days on market or the list-to-sold price percentage for this period. The lack of closed sales could indicate various factors, including potential seasonal variations or other market dynamics.

The average sales price in Glen Avon, calculated using a rolling 3-month average, was $598,500. This figure represents a modest 1.9% increase from last year, indicating stable property values. Conversely, the average price per square foot increased significantly to $533, marking a 52.3% rise from a year ago. This substantial increase suggests that buyers are valuing property space more highly, possibly due to enhanced property features or increased demand for quality living spaces.

In summary, the Glen Avon residential real estate market as of May 2024 is characterized by stable active listings, a significant decrease in new listings, and no closed sales for the month. The market remains competitive, with substantial increases in price per square foot reflecting ongoing demand and value for properties in the area. Buyers and sellers in Glen Avon should be prepared for a stable but competitive environment and are advised to work closely with experienced real estate professionals to navigate these market conditions effectively.

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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.

If you would like to discover what your home’s sales value is in today’s competitive market, contact me at (951) 990-3998. I provide expert guidance and strategic insights and can help 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 the 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.