Market growth in Rialto has been slow, but steady. Slow growth isn’t usually a bad thing – it’s usually a sign of a market that’s trying to maintain stability. This is exactly the case in Rialto. The market is neither healthy nor unhealthy. It’s on the lower side of stable, and it’s having a hard time finding the right momentum to keep growing.
The average property in Rialto is valued slightly under $315,000. Most homes will list for a price that’s very close to that value, and very few houses will see a price cut during the sale. Though current values are substantially lower than what they were before, homes are still selling, and that’s always a good sign.
Rialto is a seller’s market. Since the properties are usually a great deal, buyers are shopping around the area. Sellers know that values won’t return to their previous highs any time soon, and they feel okay about letting properties sell at their current values. Since there isn’t much variation in values, buyers have a tendency to purchase whatever house they feel as though they’re getting the best deal on.
Foreclosures in Rialto happen at a rate of 1 in every 5,000 properties. This is in line with the national average, which makes the number a little more manageable. If you’re a homeowner facing foreclosure Rialto, we may be able to help you out.