Jurupa Valley 91752

Residential Real Estate Market Update

September 2023

Area of Focus:

14 – Mira Loma – S of 68^th – River Bend (See Map)

The following market update for September 2023, sheds light on the residential real estate trends in the River Bend tract of Jurupa Valley. This in-depth analysis serves as a resource for homeowners, buyers, and investors to navigate the current market with confidence.

End of Month Active Listings:

The active listings stood at 5, showing no change from the previous year. This consistency reflects a stable inventory.

New Listings:

A notable uptick is observed with 2 new listings, marking a 100% increase year-over-year, injecting a fresh wave of options for prospective buyers.

Months Supply of Inventory:

A slight rise is recorded at 3 months of supply, a 11.1% increase from last year, indicating a balanced market moving towards buyers.

Closed Sales:

This month saw 1 closed sale, a significant 66.7% dip from the previous year, mirroring the subtle yet impactful market fluctuations.

Average Days on Market:

Homes in this tract are selling rapidly, with the average days on market plunging to 9, a 79.5% decrease, reflecting heightened buyer urgency.

List to Sold Price %:

Properties sold at 100.0% of the listed price, witnessing a 9.8% increase year-over-year, indicating the continued seller’s market.

Average Sales Price:

The average sales price escalated to $938,800, recording a 3.7% growth from the previous year, underscoring the continuing appreciation in home values.

Average Price per Square Foot:

With a jump to $261, an 11.5% annual increase is noted, affirming the sustained escalation in property values.

Summary:

The River Bend tract is characterized by a stable yet dynamic market. While the inventory remained consistent, the swift sales pace and properties achieving their full listing price highlight a market that favors sellers. The significant boost in new listings and the appreciating home values offer a complex yet opportunistic landscape for both buyers and sellers.

Looking Ahead:

Sellers are in a good position characterized by rapid sales and full-price sales. A strategic approach to listing, capitalizing on the market’s momentum, is crucial.

Buyers, on the other hand, can leverage the influx of new listings. The rapid sales pace calls for preparedness, including swift decision-making and competitive offers to secure desired properties.

As we advance through 2023, adapting to the rapidly evolving market dynamics will be instrumental. A close watch on inventory shifts, sales pace, and pricing trends will enable strategic positioning for both buyers and sellers.

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.