As prices continue to rise, as historically they always do, the last frontier has become Southern California’s Inland Empire.
Inland Empire, CA (PRWEB) June 15, 2016
Brad Schmett of Brad Schmett Real Estate Group and Keller Williams Realty today announced that timely purchases of homes in the Inland Empire is critical with the region’s “busy season” for home buying and selling commencing with the official launch of summer on June 20 and running through late August/early September 2016. As home prices continue to rise in Los Angeles, Orange, and San Diego Counties, savvy Southern California home buyers continue to look to the value-priced and quality housing in nearby Riverside and San Bernardino counties. The Inland Empire is among the last areas left, with affordable housing opportunities, within a reasonable drive time to metropolitan areas such as Los Angeles.
Los Angeles County home prices in 2015 were a whopping $500,600 median for even a modest single-family residence. Orange County topped even that with the median of $618,800, making San Diego County’s median of $484,450 look like an absolute bargain. By comparison, Riverside County’s median of $306,750 was far more affordable for the average family and in San Bernardino County a conservative median of only $267,200 put homeownership within reach of most families.
Schmett commented, “Clearly then, there is an affordability issue in Southern California that is critical. The 2011 census set the California state family income average at $70,231. Although that may seem like a good living, for purposes of qualifying on a home loan in ranges that exceed $500,000 it is deficient. Imagine those on fixed incomes, new families just starting out, low wage earners and others who are trying to beat financial challenges and you can see that homeownership is quickly moving out of sight for all of them. This makes the much more affordable prices in the Inland Empire within the realm of feasibility. As prices continue to rise, as historically they always do, the last frontier has become Southern California’s Inland Empire.”
The Inland Empire offers a wide variety of choices and options in home ownership. Everything from condos to equestrian estates can be found locally. In addition, amenities such as fine dining, great shopping, art, music, and culture are all found in abundance throughout Riverside and San Bernardino Counties making this area a smart choice for those desiring affordable home ownership.
For more information on the “last frontier for affordable housing” visit http://inlandempire.bradschmettgroup.com/guides.
To find out more about investing in Inland Empire real estate visit http://inlandempire.bradschmettgroup.com.
Brad Schmett Real Estate Group and Keller Williams Realty – Inland Empire is an exclusive, elite and sophisticated group of real estate consultants raising the bar for service in the Inland Empire real estate market.