Sales of existing single-family homes in California totaled 262,050 in August, down 6.3 percent month-over-month but up 2.8 percent year-over-year, according to data released Tuesday. Statewide, the median price of a single-family home was $888,740, up 0.2 percent from July and up 3.4 percent in August 2023, when the median …
Read More »Townhouse project being developed in Upland
A 32-unit townhouse project is under construction in Upland. Towns on First is being developed at A and First streets near the Metrolink Station in the center of downtown, according to statement on the city’s website. The detached townhomes will cover 1,100 to 1,600 square feet and will include a …
Read More »Second phase of affordable housing development goes online
Part two of an affordable housing project in Moreno Valley has been completed. Thirty-two units have been added to Courtyards at Cottonwood, a public-private development at Indian Street and Cottonwood Avenue, according to a statement on the city’s website. Moreno Valley, Riverside County, Rancho Belago Developers, Inc. in Moreno Valley, …
Read More »State home sales stay up
Sales of existing single-family homes in California reached 279,810 in July, up 3.6 percent month-over-month and up 4.1 percent from July 2023, according to the California Association of Realtors. Statewide, the median price of a single-family home last month was $886,560, down 1.6 percent from June but up 6.5 percent, …
Read More »Riverside retail building sold
A retail building in Riverside anchored by a Chipotle drive-thru has been sold for $5.8 million. The three-tenant project at 22430 Van Buren Blvd. next to Interstate 215 is also home to a dentist’s office, and a BHC Chicken is expected to open there in October, according to Hanley Investment …
Read More »State median home price declines: report
Fourteen percent of California households could afford a median-priced home – $906,600 – during the second quarter of this year, according to data released Aug.13. That was a 17 percent drop from the first quarter and a 16 percent decline year-over-year, the California Association of Realtors reported. To afford that purchase, …
Read More »