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How's the Market... in Eastvale?

Eastvale is a city located in northwestern Riverside CountyCalifornia, the Inland Empire region of Southern California. The area transitioned from a dairy farm enclave to a developed community starting in the 1990s and was formally incorporated on October 1, 2010. As of the 2010 census it had a population of 53,901 and in 2019 the population was estimated at 64,147. The city’s name is derived from “East Vale” as a listed school district in 1893 by the Riverside County Board of Commissioners.

The city’s boundaries extend from Hellman Avenue to the west (the San Bernardino County line), State Route 60 to the north (also the San Bernardino County line), the Santa Ana River and Norco to the south, and Interstate 15 to the east. It is surrounded by the communities of ChinoOntarioJurupa ValleyNorco, and Corona.

The city is served by the highly accredited public school system – the Corona Norco Unified School District. According to the 2010 United States Census, Eastvale has a median household income at one of the top earning percentiles in the country at $105,894.

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The questions most often asked of us by Eastvale home sellers are “How much will my home sell for?” and “How quickly will it sell?”. Of course, the answers are quite property specific, but the below charts show the local market average for the last year. 

Another major factor for Eastvale buyers and sellers should be listing competition. The charts below show market trends for new listings as well as the current number of active homes for sale.

These next charts are perhaps more useful for us Brokers, but are key market indicators nonetheless. Months of Inventory estimates how long it would take to sell all the homes currently on the market if no new listings were added. Most brokers still consider six months to equal a “balanced market”. Less than that is a “sellers’ market”, more is a “buyer’s market”.

The number of pending sales indicates the actual number of properties under contract. This data is particularly helpful when compared to the number of listings.

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