Riverwalk is a great area but unfortunately, like many newer neighborhoods in the Inland Empire these areas have been hit the hardest in the last year. Sales in Riverside have dropped 60% since last year. These numbers are even higher in areas like Riverwalk, Victoria Grove, and Orangecrest.
I conducted a search over the last 6 months and found that only 4 homes have sold and 2 additional homes are pending. If you couple these with the homes listed for sale the Average Days on Market are over 90 days!!! Ouch! I know this is not good news but these are the facts.
The California Association of Realtors are saying that in California the inventory is so great and the sales are so slow that if no other homes were to come on the market as of today it would take 11 months to sell the current inventory.
In this market you have to be aggressive and price you house accordingly. If you do not have to sell take your home off the market. You are going to have to reduce the price of your property to compete with REOs and Short Sales if you want to sell. Good luck with your listing and I wish you the best of luck.