Moreno Valley Market Report 92551
Signs, Signs . . . There’s signs everywhere
Signs that the Moreno Valley 92551 Real Estate Market is recovering.
There are more and more Moreno Valley homes in the 92551 zip code
being listed with equity than as Short Sales.
How’s the Real Estate Market in your neighborhood?
Moreno Valley Market Report 92551
Home Sales and prices continue to improve in Moreno Valley, unemployment continues to decline and interest rates have remained relatively low.
Moreno Valley is a very diverse community with 3 very popular zip codes. The data in this post is consolidated from multiple sources and includes current listings and recent sales in the Moreno Valley 92551 zip code.
The median sales price in Moreno Valley 92551 was $257,000 for the week ending Sept 30, 2015. The median sales price has increased approximately 2.1% over the past year in Moreno Valley 92551. The median list price in Moreno Valley 92551 is currently $263,270. The median days on market in Moreno Valley 92551 is currently 45. Distressed listings (Short Sales and Foreclosures) are at 14%. It is important to note that Distressed properties are playing a reduced role in the Moreno Valley housing market in 2015.
Moreno Valley 92551 Real Estate Market At a Glance
It is important to understand the difference between Listing Price (what sellers are asking) and Sold Prices (what buyers are willing to pay). Comparing these price trends provide a good idea of where the real estate market is heading in the Moreno Valley 92551 zip code. The data is this Moreno Valley Market Report is calculated based on the market activity each month.
Moreno Valley Market Report 92551 - Sold vs Listed
The median list price for homes for sale in 92551 was $263,270 which represents a 1.2% decline over last month. The number of active listings in Moreno Valley 92551 dropped by 0.6% from the previous month. The median sales price for homes in ZIP code 92551 in Moreno Valley as of Oct 15th was $250,000. Compared to the same period one year ago, the median sales price increased 8.7% and the number of sales increased 8.8%. Average price per square foot for homes in 92551 was $146, an increase of 4.3% compared to the same period last year. The median number of days active properties have been listed on the market is 45, which is significantly shorter than the national average.
Moreno Valley 92551 Market Report - Inventory Trends
The median price of homes for rent in Moreno Valley 92551 is $1,560.00. The rental market remains highly competitive and recent studies by RealFacts.com indicate The Riverside-San Bernardino-Ontario metro area ranks 5th in the U.S. for all-rent gains in the first quarter of 2015. Rent gain has been consistent for three consecutive quarters: 'It boils down to supply and demand.' Rents are likely to increase 5% across the board for 2015.
Whether you're a Buyer or Seller, the information and knowledge you gain in this Moreno Valley Market Report will help put you in control of your Moreno Valley real estate transaction in the 92551 zip code. Contact us anytime to discuss how this information can benefit your buying a house or selling a house in the Moreno Valley real estate market. Call us at the office (909) 476-9600, text us for an even quicker response at (909) 257-7505 or email us at Mykel@TCRgroup.net. We look forward to being of service to you!
In the meantime, please check out our webpage at WeLoveMorenoValley.com where you'll find Moreno Valley Community information, Moreno Valley Demographics and Moreno Valley School information. Visit our Moreno Valley Pinterest Board to see some beautiful photos of Moreno Valley and all it has to offer.
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Originally Posted by Mykel Martin on WeLoveSellingRealEstate.com
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