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Eastvale Homes for Sale
Eastvale Homes for Sale, Eastvale, once a rural area, was predominantly dairy farms and agricultural until the late 1990s. At that time, the area started to suburbanize to accommodate the influx of people coming from neighboring Orange and Los Angeles Counties seeking affordable housing. Eastvale was particularly hit hard by the United States housing bubble that burst in the late 2000s. A large portion of the communities’ homes were sold during the early and mid-2000s at highly inflated prices fueled by the subprime mortgage industry. In June 2006, the median home in Eastvale was valued at $601,000 and had drastically fallen to $304,000 by June, 2009 according to Zillow representing a 50% decrease in home values over a span of three years.
Eastvale was one of several unincorporated areas of Riverside County that had strong community support for city incorporation. The passage of AB 1602 in the mid-2000s, a state bill that adds funds from vehicle license fees, made it easier for unincorporated areas to attain cityhood. In 2008, the communities of Menifee, Sun City and Quail Valley merged and incorporated as the City of Menifee. The law also stirred up renewed interest in incorporation efforts for Mira Loma and Jurupa Valley (Mira Loma, Pedley, Glen Avon, Sunnyslope, and Rubidoux). Eastvale Homes for Sale
The community of Eastvale actively attempted to incorporate from the mid-2000s through 2010. The incorporation effort was being led by the Eastvale Incorporation Committee. Other groups are also proponents of Eastvale cityhood, such as the Yes on Eastvale Cityhood Committee.
The incorporation effort was opposed by the Not NOW Eastvale group that was co-chaired by one of the 18 City Council candidates as well as other groups. These groups feared that the city had not developed a strong enough tax base to sustain itself as a city and all the responsibilities that come along with incorporation largely due to the dependence on state Vehicle Licens Fees (VLFs) for more than one third of the then proposed city’s revenue. Others contested that the services provided by Riverside County, such as police and fire, were sufficient and another layer of government not needed. Many were not opposed to incorporation but rather to the timing of the incorporation effort.
Eastvale Homes for Sale
The Eastvale Incorporation Committee successfully gathered enough signatures to qualify for the June 8, 2010. “Measure A” was placed on the ballot deciding incorporation. “Measure B” would decide how the city council would be elected: at large, by district, or from district. Measure A passed with 65.8% of voters approving incorporation. Eastvale officially incorporated on October 1, 2010. Voters also decided that the city council would be elected at large. Eastvale Homes for Sale
Eastvale Homes for Sale
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