Despite Recent Home Price Increases, Inland Empire Real Estate Still SoCal’s Most Affordable

Despite recent increases in home prices, real estate in the Inland Empire is still Southern California’s most affordable, reports Richardson & Associates Real Estate Group, Inc. The residential and commercial real estate markets in the region also showed encouraging signs of stabilization in 2013, a trend that’s projected to continue this year.

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Richardson & Associates Real Estate Group

Ontario, California (PRWEB) April 23, 2014

The recent double-digit increase in home prices notwithstanding, residential real estate in the Inland Empire remains the most affordable in Southern California, according to Richardson & Associates Real Estate Group, Inc. The firm reports that the median prices in San Bernardino and Riverside counties this February were $225,000 and $285,000, respectively, making them the two lowest in the six-county SoCal region.

“Due to low inventory, the sales volume has gone down in both Riverside and San Bernardino as it has throughout Southern California this year, but the median prices have gone up in both counties,” says Ruthie Mickey, Richardson & Associates’ managing broker and Vice President of Sales & Marketing. “The median price of Upland homes for sale, for example, has increased by over 17 percent. This combination of low inventory, rising prices, and rising interest rates means that prospective homebuyers had best make their move soon to avoid getting priced out of the market.”

Mickey and the rest of the team at Richardson & Associates Real Estate Group specialize not only in residential real estate in the Inland Empire, but in commercial properties as well, including Ontario, CA commercial real estate. “The industrial, office, and retail markets in the region were moving in a positive direction in 2013,” she adds, “and with job growth and greater economic stability, this recovery is likely to continue this year.”    

The firm also provides services in property management in Los Angeles, Riverside, and San Bernardino counties, taking a client approach to both the tenant and property owner relationship. Mickey, who has years of experience in civil engineering, construction, and real estate development, sales and management, has established a reputation for providing exceptional customer service.

For more information on the commercial and residential real estate market in the Inland Empire and to learn more about the firm’s suite of services, visit http://www.raareg.com or get in touch with Ruthie Mickey directly.


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