Real Estate

Pending sales of single-family homes in California rose substantially in February, making their first double-digit, year-over-year gain in nearly three years. Statewide, pending sales – meaning a contract has been signed but the deal has not yet closed – were up 15.6 percent compared with February 2014, according to data …

Foreclosures in Riverside County last month fell to levels not seen seen in more than eight years, according to a report in The Press-Enterprise. At the same time, foreclosure filings were up in San Bernardino county, according to the report, which cited data from RealtyTrac, an Irvine-based real estate information …

A portion of an Apple Valley shopping mall has been sold. Pacwest Management in Los Angeles bought four retail buildings at Rancherias Plaza for $3.1 million from Huntington Beach Partnership, according to a statement. The sale was announced Wednesday. The property, which is about 40 percent occupied, includes Domino’s Pizza, …

A Citibank branch office in Riverside has been sold. Faris Lee Investments completed the sale of the building, a 7,508-square-foot structure at 3580 Tyler St. across from the Galleria at Tyler, according to a statement released Wednesday. Shaun Riley, senior managing director with Faris Lee, represented the buyer, a family …

It was more of the same last month in the Southern California housing market. Sales homes fell 2.7 percent year-over-year during February, while median prices rose 7.6 percent, according to CoreLogic DataQuick in San Diego February’s total sales – 13,560 – was a slight uptick from January, but still the …

Confidence in the housing market among builders of single-family homes dropped slightly this month. The level of confidence among homebuilders dropped two points – to 53 – according to the National Association of Home Builders /Wells Fargo Housing Market Index, which was released Monday. That’s still on the positive side …