Home prices are down 50% between August 2007 and August 2008.
Over 2 years prices are down between 50% and 60% - with a $200,000 loss of value per house not unusual.
About 60% of single family homes for sale now are priced under $200,000
In February 2006 50% of the listings were priced over $400,000
A very small number of Moreno Valley, CA homes were built before 1980; we have good functional homes - nice neighborhoods - lots of new shopping and very affordable prices for Southern California. Market conditons are starting to improve; as buyers return.
Beverly Bayer
Comments (0)Subscribe to CommentsComment