Jurupa Valley 92509

Real Estate Market Update

September 2023

Area of Focus:

01-Rubidoux-N of 60 frwy-Belltown (see map)

The following market update provides insights into the real estate landscape for homes in the Rubidoux area of Jurupa Valley, north of the 60 Freeway, aka Belltown area (see area map). These metrics offer a comprehensive look into the market’s performance at the end of September 2023.

End of Month Active Listings:

The market closed with 2 active listings, showing no change compared to the same period last year, which indicated stability in listings for this area.

New Listings:

No new listings were introduced to the market in September, which is consistent with a low inventory of homes for sale throughout the area.

Months Supply of Inventory:

There is a 1.4 months supply of inventory, reflecting a -17.62% decline from the previous year. This drop suggests a tightening market with fewer homes available relative to demand.

Closed Sales:

This area did not record any closed sales for the month. This data points toward potential buyer hesitation, or a possible indication of pricing or other market dynamics at play.

Average Days on Market:

Because no homes closed escrow in this area for the month of September, no data is available.

List to Sold Price %:

Because no homes closed escrow in this area for the month of September, no data is available.

Average Sales Price:

Because no homes closed escrow in this area for the month of September, no data is available.

However, in the last six months, 4 homes sold with an average sales price of $510,000. This figure can offer insights into the pricing trends of the local real estate market.

Average Price per Square Foot:

Because no homes closed escrow in this area for the month of September, no data is available.

Summary:

The real estate market in the northern Rubidoux area of Jurupa Valley remained somewhat stable in terms of active listings as of the end of September 2023, with no change from the previous year. However, a lack of new and closed sales highlights a stagnant market.

The decrease in months of supply inventory points towards a more competitive market, potentially leading to an increase in prices if the trend continues and demand overshadows supply.

The sales data from the last six months, indicating an average sale price of $510,000 for the 4 homes sold, could serve as a reference for pricing trends amidst the absence of recent sales data.

Looking Ahead:

Potential buyers and sellers should keep an eye on market trends in the coming months. The absence of new and closed sales this month and a decline in the inventory supply may impact future pricing and availability.

As always, various factors, including economic indicators, interest rates, and local developments, will play a significant role in shaping the real estate landscape in the northern Rubidoux area of Jurupa Valley.

For expert guidance, strategic insights, or a detailed and personalized analysis of your home, or if you have any questions, feel free to contact me.  I am committed to providing accurate and updated information to assist you in all your real estate needs.

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.