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February 22nd, 2008 | 
Author: 
Recent Moreno Valley home sales: 2/22/2008
Not taken originally from MLS
So what am I seeing: mostly REO sales; more FHA financing, no longer 100% financing which was the norm 2 years ago. Big losses of value. The lowest sales price of these recent sales is $150,000 – but there are currently 26 pending sales where the house was listed below $150,000. And 45 single family homes now listed at $150,000 or less – with an average house size of: 1012 square feet (average at $140 per square foot). In the most recent week of Moreno Valley Notices of Default – there were 56 homes; which is about average. Compared to about 2 weeks of sales (above) that is a ratio of / about: 6 NODs for every house sold.
| $150,000 | REO | 2/6/2008 | 95% conv | 1149Sqft | $130.55 per Sqft |
| $235,000 | 6/2004 | ||||
| lost $85,000 in 44 months = – $1932 per month | |||||
| $175,000 | REO | 2/14/2008 | 80% conv | 852Sqft | $205.40 per Sqft |
| $244,000 | 3/2005 | ||||
| lost $69,000 in 34 months = – $2029 per month | |||||
| $189,000 | REO | 2/7/2008 | 95% conv | 1422Sqft | $132.91 per Sqft |
| $350,000 | 6/1/2006 | ||||
| lost $161,000 in 20 month = – $8050 per month | |||||
| $190,500 | REO | 2/11/2008 | 98.6 FHA | 1526Sqft | $124.84 per Sqft |
| $270,000 | 8/1/2004 | ||||
| lost $79,500 in 42 months = – $1893 per month | |||||
| $200,000 | REO | 2/5/2008 | 98.4% FHA | 1335Sqft | $149.81 per Sqft |
| $107,000 | 8/1/2000 | ||||
| $215,000 | REO | 2/1/2008 | CASH | 1868Sqft | $115.10 per Sqft |
| $379,000 | 3/1/2006 | ||||
| lost $164,000 in 23 months = – $7130 per month | |||||
| $234,000 | REO | 2/13/2008 | 90% conv | 960Sqft | $243.75 per Sqft |
| $315,000 | 3/1/2006 | ||||
| lost $81,000 in 23 months = – $3522 per month | |||||
| $235,000 | REO | 2/8/2008 | CASH | 1571Sqft | $149.59 per Sqft |
| $309,000 | 1/1/2005 | ||||
| lost $74,000 in 37 months = – $2000 per month | |||||
| $270,000 | 2/1/2008 | 94% FHA | 1623Sqft | $166.36 per Sqft | |
| Not an REO or a short sale | |||||
| $290,000 | REO | 2/1/2008 | 98.4% FHA | 1821Sqft | $159.25 per Sqft |
| $152,000 | 8/1/2001 | ||||
| $293,000 | REO | 2/5/2008 | 90% conv | 2141Sqft | $136.85 per Sqft |
| $300,000 | 2/8/2008 | 100% VA | 1743Sqft | $172.12 per Sqft | |
| $221,000 | 10/1/2003 | ||||
| $300,000 | REO | 2/5/2008 | 67% conv | 1988Sqft | $150.91 per Sqft |
| $465,000 | 3/1/2006 | ||||
| lost $165,000 in 23 months = – $7174 per month | |||||
| $332,500 | REO | 2/8/2008 | 75% conv | 1792Sqft | $185.55 per Sqft |
| $460,000 | 7/1/2006 | ||||
| lost $127,500 in 19 months = – $6710 per month | |||||
| $340,000 | 2/11/2008 | 90% conv | 1865Sqft | $182.31 per Sqft | |
| Sold outside MLS: Buyer / Seller had the same last name | |||||
| $352,000 | 2/5/2008 | 98.5% FHA | 1885Sqft | $186.74 per Sqft | |
| $155,000 | 11/1/2002 | ||||
| Seller & listing agent had the same name – lowest list price $9000 below sales price | |||||
| $360,000 | REO | 2/13/2008 | 80% conv | 2778Sqft | $129.59 per Sqft |
| $515,000 | 6/1/2006 | ||||
| lost $155,000 in 20 months = – $7750 per month | |||||
| $387,500 | REO | 2/4/2008 | 80% conv | 2580Sqft | $150.19 per Sqft |
| $499,000 | 5/1/2005 | ||||
| lost $111,500 in 45 months = – $2478 per month | |||||
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