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Condos in Riverside California
Condminimums are a small part of the real estate market in Riverside. In Riverside County, only 13.1% of the sales were condos for the year 2005. This is in contrast to Orange County and Los Angeles, where 31.8% and 21.5% respectively were sales of condos. (San Bernardino has even a smaller percent of condo sales at 8.0%). Because of the increase in house prices, the condo market has been hot the past two years. Condo prices have consequently shot up, however, and now when taking association fees into account, condos are not much more affordable when compared to single family residences. Still, there are some very nice condo complexes in Riverside, and condos can be a good choice for those who prefer less maintenance.
In the near future I will add details of the larger condo complexes in Riverside.
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Riverside Condominiums - Median Price and Number Sold
Condo prices in Riverside have risen dramatically, especially over the past two years. However, the inventory of condos has not changed much. Condo conversions are starting to take place and will likely continue, but it will take some time for the market to adjust.
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