Archive for the ‘General’ Category
today’s market.
February 17th, 2019 by Eloy Rodriguez
The median home value in Ridgecrest is $192,400. Ridgecrest home values have gone up 3.7% over the past year and Zillow predicts they will rise 8.4% within the next year. The median list price per square foot in Ridgecrest is $136, which is lower than the Riverside-San Bernardino-Ontario Metro average of $209. The median price of homes currently listed in Ridgecrest is $205,900 while the median price of homes that sold is $198,100. The median rent price in Ridgecrest is $1,350, which is lower than the Riverside-San Bernardino-Ontario Metro median of $2,150.
Foreclosures will be a factor impacting home values in the next several years. In Ridgecrest 1.1 homes are foreclosed (per 10,000). This is greater than the Riverside-San Bernardino-Ontario Metro value of 1.0 and also lower than the national value of 1.2
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Ridgecrest is 0.4%, which is lower than the national value of 1.1%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Ridgecrest homeowners underwater on their mortgage is 13.9%, which is higher than Riverside-San Bernardino-Ontario Metro at 6.4%.
Prognosis Ridgecrest Market
November 27th, 2016 by Eloy Rodriguez
Note, market has substantially slowed down during turkey week and in general for the holidays. Could just be the ‘seasonal effect’. To what extent the elections will have on the market is unknown given uncertainty and rising interest rates. Ridgecrest exist in the middle of ‘nowhere’ because of the China Lake Naval base. It is the largest naval base in the country; curious given there are no bodies of water. It is dedicated to high tech innovative design; basic how to protect assets and kill people at a distance. The reports coming from the base and released to the public suggest that there will be a major increase of monies given the expectation of a reduction within the ‘standing military’ in favor of high tech, smart weaponry.
August 11th, 2016 by Eloy Rodriguez
Corelogic Reports Foreclosure Rate is the Lowest Since August 2007
BY RE-INSIDERON AUGUST 11, 2016
UN-US-Economy
The good news coming out of CoreLogic and RealtyTrac shows that foreclosure rates are back to housing-boom levels. Additionally, RealtyTrac also shows that more homeowners are keeping their homes out of foreclosure than ever before, down 17% from one year ago and the lowest level for any half-year period since RealtyTrac began tracking foreclosure starts in 2006. According to CoreLogic, these lower rates are being fueled by housing appreciation and rising employment levels.
Foreclosure inventory declined yet again in June, but completed foreclosures, while down from last year, increased from last month, according to CoreLogic, property information, analytics and data-enabled solutions provider.
CoreLogic’s June 2016 National Foreclosure Report showed the inventory declined 25.9% from last year, and completed foreclosures declined 4.9%. On the other hand, completed foreclosures increased 5.1% to 38,000 from last month.
For comparison, during the housing boom, completed foreclosures averaged 21,000 per month from 2000 to 2006.
Even though completed foreclosures increased from last month, foreclosure inventory still saw a monthly decline of 3.6%.
According CoreLogic’s report last month, May’s foreclosure inventory hit the lowest level in nearly nine years.
The foreclosure inventory is the number of homes at some stage of the foreclosure process while completed foreclosures show the total number of homes lost to foreclosure.
In June, the national foreclosure inventory included about 375,000, or 1%, of homes with a mortgage. This is down from last year when foreclosure inventory consisted of 507,000 homes, or 1.3%.
In fact, the foreclosure inventory rate is the lowest for any month since August 2007.
The number of mortgages in serious delinquency, those 90 days or more past due, in foreclosure or real estate owned, hit the lowest rate since September 2007. The serious delinquency rate decreased 21.3% annually. Now, 2.8% of homes are considered seriously delinquent.
The state with the highest number of completed foreclosures in the 12 months ending in June 2016 was Florida at 60,000, followed by Michigan at 47,000, Texas at 27,000, Ohio at 23,000 and California at 22,000. These states account for nearly 40% of all completed foreclosures nationally.
Are you seeing fewer foreclosure rates in your area? We’d love to hear from you.
Read the full article here:
Ridgecrest Real Estate Market Prediction
January 9th, 2016 by Eloy Rodriguez
Zillow predicts 93555 home values will rise 6.3% next year, compared to a 5.3% rise for Ridgecrest as a whole. Among 93555 homes, this home is 1.2% more expensive than the midpoint (median) home, and is priced 1.9% more per square foot.
Summary for Ridgecrest, 93555
January 8th, 2016 by Eloy Rodriguez
The median sales price for homes in ZIP code 93555 in Ridgecrest from Oct 15 to Dec 15 was $160,000 based on 99 sales. Compared to the same period one year ago, the median sales price increased 18.5%, or $25,000, and the number of sales decreased 9.2%. Average price per square foot for homes in 93555 was $105, an increase of 14.1% compared to the same period last year. There are currently 203 resale and new homes in ZIP code 93555 on Trulia, including 53 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 93555 was $154,993 for the week ending Dec 30, which represents an increase of 5.8%, or $8,512, compared to the prior week.
Hello world!
March 9th, 2013 by Eloy Rodriguez
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$23,500 : MLS # 1956366 in Ridgecrest0 beds, 0 baths
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$900 : MLS # 1956364 in Ridgecrest2 beds, 1 full bath
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$2,300 : MLS # 1956363 in Ridgecrest4 beds, 2 full baths
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$1,500 : MLS # 1956362 in Ridgecrest4 beds, 2 full baths
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$219,000 : MLS # 1956359 in Ridgecrest3 beds, 1 full, 2 half baths
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$122,000 : MLS # 1956357 in Ridgecrest4 beds, 0 baths
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$257,000 : MLS # 1956358 in Ridgecrest3 beds, 2 full, 1 half baths
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$450,000 : MLS # 1956355 in Ridgecrest4 beds, 2 full baths
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$1,500 : MLS # 1956353 in Ridgecrest4 beds, 2 full baths
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$265,000 : MLS # 1956351 in Ridgecrest3 beds, 2 full baths
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$785 : MLS # 1956352 in Ridgecrest2 beds, 0 baths
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$257,500 : MLS # 1956347 in Ridgecrest4 beds, 2 full baths
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$975 : MLS # 1956346 in Ridgecrest2 beds, 0 baths
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$260,000 : MLS # 1956345 in Ridgecrest4 beds, 2 full baths
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$195,000 : MLS # 1956349 in Ridgecrest4 beds, 2 full baths
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$950 : MLS # 1956343 in Ridgecrest2 beds, 0 baths
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$850 : MLS # 1956342 in Ridgecrest2 beds, 0 baths
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$4,394 : MLS # 1956340 in Ridgecrest0 beds, 0 baths
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$1,125 : MLS # 1956341 in Ridgecrest0 beds, 0 baths
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$179,000 : MLS # 1956339 in Ridgecrest3 beds, 2 full baths
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$625 : MLS # 1956338 in Ridgecrest2 beds, 0 baths
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$172,500 : MLS # 1956336 in Ridgecrest3 beds, 1 full, 1 half baths
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$225,000 : MLS # 1956334 in Ridgecrest4 beds, 3 full baths
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$349,900 : MLS # 1956332 in Ridgecrest4 beds, 2 full baths
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$270,000 : MLS # 1956327 in Ridgecrest3 beds, 2 full baths
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$146,000 : MLS # 1956321 in Ridgecrest3 beds, 2 full baths
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$700 : MLS # 1956318 in Ridgecrest2 beds, 0 baths
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$1,250 : MLS # 1956325 in Ridgecrest3 beds, 2 full baths
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$975 : MLS # 1956324 in Ridgecrest1 bed, 0 baths
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$114,900 : MLS # 1956319 in Ridgecrest3 beds, 2 full baths
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$8,000 : MLS # 1956317 in Ridgecrest0 beds, 0 baths
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$9,900 : MLS # 1956316 in Inyokern0 beds, 0 baths
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$1,000 : MLS # 1956314 in Ridgecrest2 beds, 1 full bath
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$219,900 : MLS # 1956365 in Ridgecrest3 beds, 2 full baths
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$75,000 : MLS # 1956315 in Ridgecrest2 beds, 2 full baths
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$287,500 : MLS # 1956312 in Ridgecrest4 beds, 2 full baths
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$1,395 : MLS # 1956311 in Ridgecrest3 beds, 2 full baths
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$380,000 : MLS # 1956308 in Ridgecrest4 beds, 3 full baths
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$220,000 : MLS # 1956304 in Ridgecrest2 beds, 1 full bath
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$184,900 : MLS # 1956302 in Ridgecrest3 beds, 2 full baths
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$435,000 : MLS # 1956298 in Ridgecrest3 beds, 2 full, 1 half baths
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$219,900 : MLS # 1956294 in Ridgecrest3 beds, 2 full baths
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$2,300 : MLS # 1956293 in Ridgecrest4 beds, 3 full baths
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$2,500 : MLS # 1956292 in Ridgecrest4 beds, 3 full baths
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$159,900 : MLS # 1956301 in Ridgecrest4 beds, 2 full baths
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$214,900 : MLS # 1956290 in Ridgecrest3 beds, 2 full baths
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$895 : MLS # 1956287 in Ridgecrest2 beds, 0 baths
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$775 : MLS # 1956286 in Ridgecrest2 beds, 0 baths
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$299,900 : MLS # 1956296 in Ridgecrest4 beds, 2 full, 1 half baths
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$125,000 : MLS # 1956284 in Ridgecrest3 beds, 2 full baths
See all Real estate in the 93555 zip code.
(all data current as of
10/16/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.