Moreno Valley Real Estate Market Snapshot: November 2007

In this Market Snapshot we take a look at what is going on inside the Moreno Valley real estate market at a quick glance.  We take a look at how many homes are currently listed in 3 separate categories.  We look at how many homes have sold in the last 31 days within each category as well as how long it would take to get rid of the inventory at the current rate of sales.

Homes: 1000 to 1200 square feet in size

185 listed – average price: $265,132 / per square foot: $239
9 sales in the last 31 days – at that rate it would take 20.5 months to sell the inventory
25% of the listings are now priced between: $169,900 and $235,000

Homes: 1400 to 1600 square feet in size

369 listed – average price: $302,479 / per square foot: $201
9 sales in the last 31 days – at that rate it would take 41 months to sell the inventory
25% of the listings are now priced between: $179,000 and $264,000

Homes: 1800 to 2000 square feet in size

204 listed – average price: $351,823 / per square foot: $186
8 sales in the last 31 days – at that rate it would take 25.5 months to sell the inventory
25% of the listings are now priced between: $189,900 and $314,000

There are 74 pending sales in the past 31 days

List prices of the pending sales range from: $174,900 to $681,801
Houses range in size from: 820 to 4288 square feet
Homes were built between 1960 and 2007
Average list price: $313,183 / per square foot: $161

25% of the pending sales were listed for: $245,000 or less 

One Response to “Moreno Valley Real Estate Market Snapshot: November 2007”