Real Estate

More than 42,000 home-sale contracts were cancelled nationwide in February, 13.7 percent of the houses that were set to change hands during that time. That was up from 12.8 percent in February 2025, and the highest cancellation percentage during the second month of the year since 2017, according to Redfin, …

A retail center in Victorville has been sold for $7 million. Victor Town Center, a three-tenant facility at 1498 7th St., was sold by PacWest Management Inc. in Los Angeles to a private investor in Los Angeles who wished to remain anonymous, according to Hanley Investment Group in Corona Del …

California’s housing market improved slightly in February, the result of slight improvements in mortgage rates and affordability. Sales of existing single-family homes totaled 274,820 last month, up seven percent from January but down 0.3 percent year-over-year, according to the California Association of Realtors. Statewide, the median price of a single-family …

A 12,500-square-foot retail pad in Perris has been sold for $8.2 million. The property at 1820 N. Perris Blvd. is fully occupied by multiple tenants, including Baskin Robbins, Fiesta Auto Insurance, Great Clips, Pacific Dental, Sally Beauty, and Verizon, according to Hanley Investment Group in Corona Del Mar. Information about …

Two retails pads in Murrieta that combined cover 17,100 square feet have been sold for $8.1 million. The properties include a McDonald’s with a double drive‑thru and a fully-leased building with six tenants: Berkshire Hathaway, Heavenly Hair, The Liquid Leaf, Club Pilates, Ohana Hawaiian Grill, and Baskin-Robbins, according to Hanley …

Sales of existing homes increased 1.7 percent nationwide between January and February, with transactions up in the Midwest, south and west but down in the northeast, according to data released March 10. Year-over-year, sales were down 1.4 percent, while the price of an existing home rose only 0.3 percent between …