The Bear Valley Medical and Business Center, an office building in Victorville, has been sold. The one-story structure, at 17310 Bear Valley Road, sold for $10 million to Bear Valley Medical and Business Center LLC, a private investment group, said Don Brown, president of Lee & Associates Victorville. Equitable Bear …
Read More »Cash Sales of Inland Empire Homes Down
Investment buyers might be leaving the Inland Empire housing market, at least for now. Cash sales accounted for 23.6 percent of all single-family home sales in Riverside and San Bernardino counties during August, down four percent year-over-year, according to data released Thursday by Irvine-based CoreLogic. Cash sales reflect the level …
Read More »Home Sales Experience Slowdown
Southern California’s housing market remained in growth mode but still lost momentum in October, posting sales well below average for that month, according to data released Thursday. A total of 19,930 new and existing homes were sold in the region last month, a 1.3 percent increase compared with October 2014, …
Read More »Mild Drop in Housing Affordability
Housing affordability in San Bernardino and Riverside counties fell slightly during the third quarter year-over-year, a pattern that prevailed throughout most of the state. Thirty nine percent of the households in Riverside County could afford the median-priced home in that region – $335,460 – during the third quarter, down from …
Read More »Office Building Up for Sale
An office building in Hemet that is mostly occupied by the Riverside County Department of Public Social Services is for sale. The building, at North San Jacinto and East Oakland avenues, covers nearly 130,000 square feet and is available for $20.5 million, according to CBRE Group Inc., which is marketing …
Read More »Inland Empire Foreclosures Down
Foreclosures in the Inland Empire were down slightly in September, according to data released Tuesday. The two-county region’s foreclosure inventory for that month was 0.7 percent, down 0.2 percent compared with September 2014, CoreLogic reported in it most recent national foreclosure report. There were 5,534 home foreclosures in Riverside and …
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