If you’re interested in purchasing real estate in Riverside, you’re making a smart choice! Riverside is a family-friendly city in the Inland Empire that’s well-known for its centralized location, great employment opportunities, and focus on arts and innovation. Residents can easily enjoy a quick commute to Disneyland, Big Bear, Los Angeles, and plenty of other amenities. The cost of living is cheaper than the neighboring areas and lower than the state average. A great aspect about Riverside is that you get all the amenities of Los Angeles without the high cost! It’s not too far away, making it an easy weekend or nightlife getaway.
Riverside’s real estate market shows a promising development, as many commercial warehouses are helping stimulate the local economy. It’s known as one of the best cities in the United States for entrepreneurs and young professionals and is named one of the highest paying cities for teachers! It’s also rated #1 in business retention and expansion in the Inland Empire. As you can tell, employment opportunities are very optimistic here. The top industries in the area include health, medical, agriculture, manufacturing, retail, technology, restaurants, and entrepreneurship. Below are some of the current real estate market trends in June 2021:
Average Sales Price: $530,000
Average Price Per Square Foot: $310
Average Days on Market: 19
Sales Price vs. Listed Price: 2.7% over listing price
MFI Works is Here To Help
At MFI Works, we understand that purchasing real estate in Riverside can be overwhelming and complicated, which is why we’re here to help! Our monthly advisory program will help turn your dream of owning real estate into a reality. We’ll guide you through tax planning, loan + property coaching and coordinating, and real estate knowledge. If you need help with real estate, tax planning, or business financials, contact us! You can reach us by scheduling a consultation through our website.
