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Riverside

Why you'd want to live in Riverside

Founded in 1870 by John North and a group of Easterners who wished to establish a colony dedicated to furthering education and culture, Riverside was built on land that was once a Spanish rancho. Investors from England and Canada transplanted traditions and activities adopted by prosperous citizens: the first golf course and polo field in Southern California were built in Riverside. The first orange trees were planted in 1871, but the citrus industry in Riverside began two years later when Eliza Tibbets received two Brazilian navel orange trees sent to her by a friend at the Department of Agriculture in Washington. The trees thrived in the Southern California climate and the navel orange industry grew rapidly. Citrus State ParkWithin a few years, the successful cultivation of the newly discovered navel orange led to a California Gold Rush of a different kind: the establishment of the citrus industry, which is commemorated in the landscapes and exhibits of the California Citrus State Historic Park and the restored packing houses in the Downtown's Marketplace district. By 1882, there were more more than half a million citrus trees in California, almost half of which were in Riverside. The development of refrigerated railroad cars and innovative irrigation systems established Riverside as the wealthiest city per capita by 1895. As the city prospered, a small guest hotel designed in the popular Mission Revival style grew to become the world famous Mission Inn, favored by presidents, royalty and movie stars. Postcards of lush orange groves, swimming pools. and magnificent homes have attracted vacationers and entrepreneurs throughout the years. Many relocated to the warm, dry climate for reasons of health and to escape Eastern winters. Victoria Avenue with its landmark homes serves as a reminder of European investors who settled here. via riversideca.gov

Riverside Market Report

$835,721

AVERAGE PRICE OF 723 HOMES

$446,800

AVERAGE PRICE OF 6 DISTRESSED HOMES

$2,150,242

AVERAGE PRICE OF 125 MULTI-MILLION DOLLAR HOMES

$850,668

AVERAGE PRICE OF 60 NEWLY BUILT HOMES

$892,442

AVERAGE PRICE OF 142 HOMES WITH A POOL

$650,237

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

Average Home

Average Price $835,721
Avg Bedrooms 2.76 beds
Avg Bathrooms 2.02 baths

Average Price by Bedrooms

1 bedroom $455,185
2 bedrooms $437,082
3 bedrooms $556,766
4 bedrooms $818,770
5 bedrooms $1,009,408
Riverside Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 749 787 891 n/a 969
Average Price $819,128 $806,350 $789,312 n/a $758,132
Avg Price Change +1.58% +2.16% n/a n/a +0.04%
Median Price $619,834 $607,823 $599,954 n/a $600,202
Med Price Change +1.98% +1.31% n/a n/a -0.07%
Avg Bedrooms 2.79 beds 2.81 beds 2.78 beds n/a 2.85 beds
Avg Bathrooms 2.04 baths 2.05 baths 2.01 baths n/a 2.03 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Arlington 22 $830,849 63 days
King 17 $997,252 46 days
Martin Luther King 22 $766,251 59 days
North 18 $628,303 114 days
Polytechnic 34 $1,212,957 78 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 723 $835,721 99 days
Distressed Homes 6 $446,800 199 days
Multi-Million Dollar Homes 125 $2,150,242 144 days
Newly Built Homes 60 $850,668 78 days
Homes with a Pool 142 $892,442 63 days
Reduced Price Homes 16 $650,237 74 days
Westcoe Realtors Inc - Wells Real Estate Group
Kedric Wells
7191 Magnolia Ave
Riverside, CA 92504
951-334-1705
DRE# 00903954
Westcoe DRE# 00493963

Based on information from California Regional Multiple Listing Service, Inc. as of March 20, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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