No matter what the market, people will continue to desire to live in Moreno Valley, as it remains one of the most active cities within Riverside County. Comparatively speaking, the Moreno Valley housing market continues to post brisk sales.
In of May 2008, 300 single family homes and a total of 7 condos/townhomes sold, down 262 from last month. My overall view of the market is still slipping in cost per square foot while the sales numbers are stabilizing a little.
For a full county market report Click Here.
Closed Sales For May 2008, up 53 from last month
362 Single Family Homes
7 Condos/Townhomes
Pending Sales For May 2008, Down 555 from last month
388 Single Family Homes
16 Condos/Townhomes
Current Actives As of Today's Post, Down 113 from last month
1,826 Single Family Homes
69 Condos/Townhomes
Foreclosure Activity for May 2008
92551 - 109 Notice of Defaults (NOD) Down 28 from last month
92551 - 100 Notice of Foreclosure Sale (NOS) Down 15 from last month
92553 - 183 Notice of Defaults (NOD) Up 8 from last month
92553 - 178 Notice of Foreclosure Sale (NOS) Down 8 from last month
92555 - 155 Notice of Defaults (NOD) Up 19 from last month
92555 - 147 Notice of Foreclosure Sale (NOS) Up 22 from last month
92557 - 140 Notice of Defaults (NOD) Up 15 from last month
92557 - 121 Notice of Foreclosure Sale (NOS) Down 17 from last month
Price Per Square Foot
Looking at the price per square foot helps us understand the value placed on homes in a real estate market. Median Price per Sqft. as of September 14, 2008 for Moreno Valley is $116, down $8 from last month.
|
Moreno Valley- 92551 |
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|
Single Family Residences |
SFR Only |
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|
Riverside County |
# SFR |
Price (1,000) |
% chg from Previous Year |
$/Sq Ft |
Media Price Prior to Present Month % change SFR |
Prior to Present Month Change $ Per Sq Ft |
Prior to Present Month Median $ Change ($1,000) |
||||
|
Moreno Valley |
Feb 08 |
19 |
$239 |
-36.30% |
$129 |
||||||
|
Moreno Valley |
Mar 08 |
22 |
$225 |
-35.50% |
$127 |
-1.55% |
($2) |
($14) |
|||
|
Moreno Valley |
Apr 08 |
34 |
$229 |
-36.40% |
$125 |
-1.57% |
($2) |
$4 |
|||
|
Moreno Valley |
May 08 |
39 |
$180 |
-50.30% |
$120 |
-4.00% |
($5) |
($49) |
|||
|
Moreno Valley |
Jun 08 |
54 |
$195 |
-44.40% |
$108 |
-10.00% |
($12) |
$15 |
|||
|
Moreno Valley |
Jul 08 |
69 |
$178 |
-43.10% |
$111 |
2.78% |
$3 |
($17) |
|||
|
-14% |
|||||||||||
|
$18 |
|||||||||||
|
Moreno Valley- 92553 |
|||||||||||
|
Single Family Residences |
SFR Only |
||||||||||
|
Riverside County |
# SFR |
Price (1,000) |
% chg from Previous Year |
$/Sq Ft |
Media Price Prior to Present Month % change SFR |
Prior to Present Month Change $ Per Sq Ft |
Prior to Present Month Median $ Change ($1,000) |
||||
|
Moreno Valley |
Feb 08 |
45 |
$200 |
-42.90% |
$145 |
||||||
|
Moreno Valley |
Mar 08 |
47 |
$180 |
-49.30% |
$133 |
-8.28% |
($12) |
($20) |
|||
|
Moreno Valley |
Apr 08 |
51 |
$168 |
-54.10% |
$127 |
-4.51% |
($6) |
($12) |
|||
|
Moreno Valley |
May 08 |
68 |
$170 |
-53.40% |
$116 |
-8.66% |
($11) |
$2 |
|||
|
Moreno Valley |
Jun 08 |
95 |
$165 |
-51.40% |
$117 |
0.86% |
$1 |
($5) |
|||
|
Moreno Valley |
Jul 08 |
114 |
$162 |
-51.30% |
$103 |
-11.97% |
($14) |
($3) |
|||
|
-29% |
|||||||||||
|
$42 |
|||||||||||
|
Moreno Valley- 92555 |
|||||||||||
|
Single Family Residences |
SFR Only |
||||||||||
|
Riverside County |
# SFR |
Price (1,000) |
% chg from Previous Year |
$/Sq Ft |
Media Price Prior to Present Month % change SFR |
Prior to Present Month Change $ Per Sq Ft |
Prior to Present Month Median $ Change ($1,000) |
||||
|
Moreno Valley |
Feb 08 |
31 |
$304 |
-30.00% |
$123 |
||||||
|
Moreno Valley |
Mar 08 |
41 |
$285 |
-37.40% |
$111 |
-9.76% |
($12) |
($19) |
|||
|
Moreno Valley |
Apr 08 |
60 |
$267 |
-42.30% |
$114 |
2.70% |
$3 |
($18) |
|||
|
Moreno Valley |
May 08 |
64 |
$271 |
-35.60% |
$109 |
-4.39% |
($5) |
$4 |
|||
|
Moreno Valley |
Jun 08 |
76 |
$258 |
-36.30% |
$105 |
-3.67% |
($4) |
($13) |
|||
|
Moreno Valley |
Jul 08 |
85 |
$245 |
-45.60% |
$100 |
-4.76% |
($5) |
($13) |
|||
|
-19% |
|||||||||||
|
$23 |
|||||||||||
|
Moreno Valley- 92557 |
|||||||||||
|
Single Family Residences |
SFR Only |
||||||||||
|
Riverside County |
# SFR |
Price (1,000) |
% chg from Previous Year |
$/Sq Ft |
Media Price Prior to Present Month % change SFR |
Prior to Present Month Change $ Per Sq Ft |
Prior to Present Month Median $ Change ($1,000) |
||||
|
Moreno Valley |
Feb 08 |
35 |
$235 |
-35.20% |
$154 |
||||||
|
Moreno Valley |
Mar 08 |
37 |
$240 |
-36.80% |
$135 |
-12.34% |
($19) |
$5 |
|||
|
Moreno Valley |
Apr 08 |
43 |
$235 |
-41.30% |
$133 |
-1.48% |
($2) |
($5) |
|||
|
Moreno Valley |
May 08 |
60 |
$225 |
-37.50% |
$127 |
-4.51% |
($6) |
($10) |
|||
|
Moreno Valley |
Jun 08 |
63 |
$219 |
-39.20% |
$116 |
-8.66% |
($11) |
($6) |
|||
|
Moreno Valley |
Jul 08 |
113 |
$201 |
-40.00% |
$113 |
-2.59% |
($3) |
($18) |
|||
|
-27% |
|||||||||||
|
$41 |
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Data Sources: MRMLS, Altosresearch, Foreclosure Radar and Data Quick.
It's important to stay in tune with the changes in the market. Call Empire Realty for your next personal real estate consultation at (909) 579-6611, or visit us on the web at Empire Realty.
For information on purchasing your next home in Moreno Valley or anywhere in the Inland Empire call Empire Realty at 909-579-6611 or visit us on the web at Empire Realty.
Empire Realty is your one stop shop for information and Full Service at a Discount.
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