Property value growth in Victorville has been slow and underwhelming. Homes were worth around $310,000 at their highest. Averages plummeted down to about $116,000 in 2010, and they finally rose to just under $225,000.
They’re going to stay there for a while. It took a long time for the market to get going again, and the growth has been slow. If you’re waiting for your house to increase in value, you could be waiting around for a while.
The market is in a stable position, and could be considered healthy. There are buyers, even though about 11% of homes are still selling at a price cut. Things have been better, but homeowners who are willing to wait for the right buyer to come along (however long that may take), will eventually be able to sell their homes.
Foreclosures are something of a problem in Victorville. In fact, the rates are at triple the national average. Three in every 5,000 Victorville households will deal with foreclosure. When that happens, the best thing you can do is sell your home quickly. This will help you escape the situation without carrying around a foreclosure on your credit history.