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Tag Archives: Real Estate

Housing Sales Slow, Prices Jump

Local, National Home Prices Continue to Increase

Southern California’s housing market sent out mixed signals during October, with flat sales but a noticeable rise in prices. Sales of houses and condominiums in the six-count region – the Inland Empire plus Los Angeles, Orange, San Diego and Ventura counties – were up an insignificant 0.3 percent year-over-year, according …

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Moreno Valley Apartment Complex Sells

Apartment Rental Rates Expected to Rise

A large multifamily community in Moreno Valley has been sold. Broadstone Lasselle, a 304-unit complex near the intersection of Interstate 215 and the 60 Freeway, sold this month for a little more than $55 million, said Alex Garcia Jr., senior director with Marcus & Millichap’s Institutional Property Advisors division. The …

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Cash Sales of Inland Empire Homes Keeps Dropping

Home Cash Sales Decline

Cash sales accounted for 22.5 percent of all home sales in the Inland Empire in August, a drop of nearly one percent year-over-year, according to data released this week. Nationwide, 31.1 percent of all home sales in August were cash transactions, while distressed sales made up 7.3 percent and REO …

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Housing Affordability Flat

Home prices rise again

Thirty one percent of California households could afford to purchase the $515,940 median-priced home during the third quarter. That figure was essentially unchanged from the second quarter but was up nearly 30 percent year-over-year, according to data released this week by the California Association of Realtors in Los Angeles. A …

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Gated Community to Open

Gated Community to Open

A grand opening is scheduled to be held Saturday at a gated community in Montclair. Anzio, at 5165 Mission Blvd., consists of 31 three and four-bedroom detached homes, said Terry Kent, vice president of marketing for Crestwood Communities in Glendora, the project’s developer. Prices begin the low $400,000s.  The houses, …

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Former Fresh & Easy Facility Sells

Calavo Growers Inc

Calavo Growers Inc., a food distribution company that specializes in avocados, has purchased a production facility in Riverside. The facility, at 1730 Eastridge Ave., covers 128,000 square feet and was previously used by affiliates of Fresh & Easy Neighborhood Markets, according to a statement released Thursday. Renaissance Food Group LLC, …

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