News Column

Home Building and Overall Home Sales Up

Aug. 16, 2012

Debra Gruszecki


Residential real estate headlines this past week have been far from the type a year or two ago when doom and gloom reports roiled over the landscape.

Homebuilder confidence was reported to be up for the fourth month in a row across America. New home sales and the median price rose in Riverside and San Bernardino counties in July, as yet another leg in what's been a slow slog back to full recovery.

The California Association of Realtors in its latest Housing Affordability Index report deemed San Bernardino County to be the most affordable region in the state: The Inland Empire area on the whole had a 70 percent affordability factor.

And Pardee Homes held a community-wide party last Saturday, Aug. 11, drawing many from Lake Elsinore to celebrate the Canyon Hills Community Park it built in a master-planned community.

Kids turned out to skip across a bright, whimsically designed Splash pad that anchors the 18-acre sports park. Beyond the standard ribbon-cutting ceremony, a community baseball game was staged. Fireworks were ordered to light up the sky before an under-the-stars showing of the movie, "Adventures of Tintin."

The park was built by Pardee as part of its entitlement to the nearby 72-lot Pardee home development, but Pat Kilroy sees it more as a commitment to community.

No corners were skipped in its construction or design, he said.

"A major part of the richness of the community and quality of life is due to the wide variety of recreational opportunities we have in the city,'' Kilroy added. "This park, with all its amenities, provides recreation opportunities for every member of the family, including the family dog."


Movement in the market is prompting real estate professionals to go high-tech.

And Inland Valleys Association of Realtors on Monday, Aug. 27, will offer a "sneak-peak" of the IVAR Realtors and Technology Conference that's coming to the Ontario Convention Center in October to advance those goals.

RealtorTek, featuring 60 exhibitors and 24 presentations, will be held Oct. 24.

The 10 a.m. to 1 p.m. wind-up at the Inland Valleys Association of Realtors' office, 3690 Elizabeth St., will feature four presentations, a luncheon discussion, preview of RealtorTek and a half-hour question-and-answer session with IVAR staff.

Talking points will range from a broker's view on "What Real Estate Professionals Need from Realtor Education" to a discussion on pricing, marketing and the pros and cons of working with clients on-site or online. To get more information or to RSVP, call: 1-951-684-1221.

Source: (c)2012 The Press-Enterprise (Riverside, Calif.) Distributed by MCT Information Services

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