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Sold Homes in the Redlands & Mentone Areas So Far in 2017

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The last time you bought a car what was the first thing you did BEFORE buying it? You checked the price of said vehicle and compared it to another dealer’s or seller’s prices. Why? Because you want to make sure you’re not paying too much! And the same goes for when you’re selling too. You don’t want to sell below fair market value, right?!

But this type of social behavior, and yes, setting a home price is a social behavior, is necessary for any prudent buyer or seller. We collectively set the prices for anything for sale: cars, boats, diamond rings, illegal lion pelts, private Caribbean islands, and even houses. So if you’re buying or selling your home in the Redlands/Mentone area, you best be checking what homes like yours, or like the one you want, are selling for!

That’s what this specific blog is for; to help you find the selling prices of the Redlands and Mentone homes in the neighborhoods you are interested in. So check ’em out below. The listings are categorized by either Redlands or Mentone, and are recently sold homes only. Oh, and if you’d like to talk to a real estate professional about your upcoming buy or sale, just call us!

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Sold & Active Homes in Redlands & Mentone, California


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Redlands CA Housing Market Report – December 2016

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Here’s a report of the Redlands housing market for the month of December 2016, according to the MLS. This report states the total number of standard sales, short sales, foreclosures and other sales in Redlands, California. The chart also lists the Redlands pending sales, closed sales, and active listings.

The main point that jumps out of these numbers is the lack of available inventory. Even when you examine the active listings compared to the pending and backup listings, the numbers are low. Another glaring detail is the low number of distressed sales like foreclosures or short sales. That is actually a good indicator that Redlands has moved even further away from the housing market crash.

But the market does need to return to a more even balance of inventory. 2017 is expected to see more sellers list their homes and buyers attempting to purchase before interest rates get out of hand. If sellers don’t come out into the market expect prices to climb beyond affordable territory.

If you have any questions or you are considering buying or selling a home give us a call. We are local Realtors and have the experience to guide you through a successful real estate sale.

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Redlands CA Housing Market Report - December 2016

TYPE OF LISTING/SALENUMBER REPORTED on MLS
Active Redlands Standard Sales20
Active Redlands Short Sales1
Active Redlands Foreclosure, REO & Bank-Owned Sales0
Active Redlands Probate, Auction & Other Sales0
Backup Redlands Standard Sales22
Backup Redlands Short Sales0
Backup Redlands Foreclosure, REO & Bank-Owned Sales1
Backup Redlands Probate, Auction & Other Sales2
Pending Redlands Standard Sales22
Pending Redlands Short Sales1
Pending Redlands Foreclosure, REO & Bank-Owned Sales1
Pending Redlands Probate, Auction & Other Sales0
Sold Redlands Standard Sales61
Sold Redlands Short Sales1
Sold Redlands Foreclosure, REO & Bank-Owned Sales2
Sold Redlands Probate, Auction & Other Sales0

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Open Houses in Pass Area – Weekend of January 6th, 7th & 8th, 2017

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This weekend is really the first of 2017 open houses really get started for the year. Last weekend virtually nothing was scheduled. For a good reason too. New Year’s Eve and New Year’s Day was Saturday and Sunday, respectively.

Below is a list of open houses for select cities here in the Pass Area, including Redlands, Yucaipa, Banning, and Beaumont. To view the open houses scheduled for each city simply click on the marked link. Each page is updated regularly so if you’d like to bookmark them for future weekends they will be current then as well.

Happy house hunting!

Open Houses in Pass Area – Weekend of January 6th, 7th & 8th, 2017

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Yucaipa

Banning

Hemet

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Redlands

Calimesa

Moreno Valley

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Beaumont

Mentone

San Jacinto

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Redlands, California Pending & Sold Homes & Real Estate in 2016

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2016 is coming to an end. Today is Thanksgiving (Happy Turkey Day! Gobble till you Wobble!). We are mere days away from the last month of the year and the hustle and bustle of holiday shopping and parties. Real estate, at least here in Southern California, keeps moving along mostly the same but with a little less fervor.

In Redlands and most of the Inland areas, short sales and foreclosures have taken a back seat to standard sales since 2012, but they still exist and have their place. We are also short sale experts and have helped many avoid foreclosure with our short sale negotiations. If you are wondering if a short sale is right for you please take a look at our Short Sale Formula Here.

If you are searching for Redlands pending or closed sales, or in need of a Redlands REALTOR, this page can give you an idea of the homes being sold and their price ranges. The up-to-date sold Redlands homes posted can also give you insight to what is happening in the Redlands real estate market for 2016 and where its headed for 2017.

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Redlands Pending Homes

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Redlands Sold Homes

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Zestimate® or Guesstimate – Is Zillow’s Zestimate® Accurate?

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Expensive Homes in Beaumont and Banning CAI could argue for days about the accuracy of Zillow’s Zestimate®. And now that Zillow is buying Trulia for $3.5 billion dollars (Did they use the Zestimate® for this bloated price too?), I’m sure the Zestimate® conversation is going to heat up more than ever.

I am a real estate agent and pricing homes and real estate is at the core of what my partner and I do! Without proper pricing a gold-laden mansion could sit on the market for years, or a boarded up shack could sell in hours. PRICING A HOME IS EVERYTHING!

So yes, I do take it personally when Zillow values a home (automatically with a computer program, mind you) too low or too high and sellers or buyers believe that that automated valuation is more accurate than I am! But, I’m not writing this to defend myself. I’m writing this to give you the reader, cold hard facts!

Let’s play a game called Zestimate® or Guesstimate. The rules are simple, we will pull a recent sale of  a home, give you Zillow’s current Zestimate®, then reveal the actual selling price! If the percentage spread is good (meaning not too far from what the actual sales price is), I will give credit to Zillow for a successful valuation, if not, I will condemn the website for its inaccuracy. That doesn’t sound too harsh, right? 🙂 So let’s get started:

First Property:

1770 Ash Court, in Beaumont CA:

Zestimate®: $181,000

Actual Sale Price on 7/28/14: $193,000!

That’s over a 6% difference! More accurately: 6.22%

Survey Says! GUESSTIMATE – No, no Zillow. Bad Zillow!

Sorry, but a $12,000 difference is a big deal for a home that sold under 200k!

By the way, the agent originally priced the property at $196,000. I think they were more accurate.

Second property:

38220 High Ridge Road, in Beaumont CA:

Zestimate®: $269,000

Actual Sale Price on 7/29/14: $295,000

That’s almost a nine percent difference! Or more accurately 8.81%!

Survey Says! GUESSTIMATE – Nope, I’m sorry Zillow. You are inncorrect!

Nine percent is A BIG SPREAD. Too big.

Third Property:

This time let’s move to a different city, like Yucaipa, California.

13561 Canyon View Drive, in Yucaipa CA:

Zestimate®: $383,000

Actual Sale Price on 7/28/14: $402,500

Survey Says! ZESTIMATE® – Congratulations, Zillow! You’re right! Let’s move to the bonus round!

I have to be fair here. That’s only a 4.72% difference, but think about this: had the seller sold their property for the $383,000 Zestimate®, they would have lost $19,000! Oh, and the listing price did start at $383,000, but I’m sure a bidding war ensued with buyers that knew the true value of the property and drove that price up!

OK, one more property:

This one will be fun, and I will explain why below:

414 E. Stuart Ave in Redlands, California

Zestimate®: $175,000

Actual Sale Price on 7/28/14: $120,000!!!!

Survey Says! GUESSTIMATE!!! – Nooo, I’m sorry Zillow. That is incorrect, but thanks for playing! (I wish I could put that “Wa Wa Waaaaaa” game show sound effect here!)

Wow. Over a 31.4% difference?! Are you kidding me? $55,000 difference on a low 100k house? But here’s the reason why the house sold for 120k – The house is a completely dilapidated, run-down property. In fact, in the description the agent even says, and I quote “What you see is what you get!”

This one made me smile 🙂

But how did Zillow get it so wrong?

Simple.

How the hell is a computer program in Seattle, Washington (where Zillow is headquartered) supposed to know the condition of this house in Redlands, California? How is it supposed to know the condition of ANY house, ANYWHERE? Or a comparable house for that matter? It can’t. And until Zillow employs drones to peek into windows of houses across America, it won’t ever.

And I leave you with a quote from Zillow’s CEO Spencer Rascoff about the accuracy of Zillow’s Zestimate®:

Zillow’s Zestimate® has a 6.9 percent median error rate, and should be used as a starting point in determining a home’s value.

Well, I agree, Spencer Rascoff, the Zestimate® should be used as a STARTING POINT in determining a home’s value, but NOT as the ONLY determining factor, especially with a 7% median error rate. Do you think I believe that home sellers and buyers should avoid Zillow and the Zestimate®? No, of course I don’t! I believe the website can be used as a great tool in a real estate process, just as long as it’s not your only tool. But please remember when your professional real estate agent, REALTOR®, or real estate broker takes time and care to access your property, the comparables sales and other listings activity, conditions and local market trends, and comes to a valuation different from a computer calculation, it may be the computer program that is off, not your agent.

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January 2015 / Redlands CA – Housing Market Snapshot

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January 2015 / Redlands CA – Housing Market Snapshot

– Real Estate Short Sales, Foreclosures & Standard Sales –

Below is a quick summary of Redlands, California real estate short sales, foreclosures and REOs and standard sales for the month of January 2015, according to the largest MLS in the country, the CRMLS.

This Redlands, California report consists of Redlands sales, Redlands active listings and Redlands pending sales, and also includes Redlands short sales, Redlands foreclosures and REOs, Redlands standard sales and other Redlands sales and listings like Redlands probate sales and Redlands home auctions.

{Redlands CA – Short Sale Help}

Please keep in mind some status can overlap. For instance, a Redlands home sale or listing can be classified as a short sale and an auction sale, etc.. Because of this the grand total of Redlands home sales or listings may not exactly coincide with the total of individual standard sales, short sales, REOs and probate and auction sales and listings in each table:

According to the CRMLS (Multiple Listing Service), there were 41 closed Redlands home sales in January, 2015. Below is a break-down of those Redlands sales:

Redlands, California Closed Sales – January 2015
Sold Redlands Standard Sales 38
Sold Redlands Short Sales 1
Sold Redlands Foreclosure REO Sales 2
Sold Redlands Probate, Auction & Other Sales 0

 

According to the CRMLS (Multiple Listing Service), there are 18 pending Redlands home sales in January, 2015. Below is a break-down of those Redlands pending sales:

Redlands, California Pending Home Sales – January 2015
Pending Redlands Standard Sales 11
Pending Redlands Short Sales 6
Pending Redlands Foreclosure REO Sales 0
Pending Redlands Probate, Auction & Other Sales 1

 

According to the CRMLS (Multiple Listing Service), there are 26 newly listed active Redlands home listings in January, 2015. Below is a break-down of those Redlands listings:

Redlands, California New Home Listings – January 2015
New Redlands Standard Sale Listings 24
New Redlands Short Listings 2
New Redlands Foreclosure REO Listings 0
New Redlands Probate, Auction & Other Listings 0

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Are you considering buying or selling a Redlands, California home? Let us help! We have the experience to negotiate your Redlands home sale or purchase quickly and favorably.

 

Call us now:

Garrigus Real Estate Group

Call (888) 9-List-It

That’s (888) 954-7848

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