Summary: Based on this data between the same time periods in 2009 vs. 2010 sales are down 31%.  In 2009 67% of the sales were REOs, in 2010 only 39% are REOs. Generally the short sales take the most days on the market to sell, and the Standard sales pull the highest prices per square foot.  Most of the listings now are short sales (including homes in foreclosure) and the REOs tend to sell the best.

Moreno Valley: fewer sales / prices up

Total Number % Standard % REO % Short Sales
Active Listings 652 20% 20% 51%
Pending Sales 212 21% 39% 36%
Closed Sales 212 24% 39% 34%
Sold 1-year ago 358 9% 71% 16%
Median sold prices Standard Sq’ REO per Sq’ Short per Sq’ Standard DOM REO DOM Short sales

DOM

2009 $94 $78 $77 51 31 131
2010 $97 $89 $85 38 41 85

Riverside: fewer sales / prices up

Total Number % Standard % REO % Short Sales
Active Listings 1265 35% 14% 45%
Pending Sales 315 30% 35% 29%
Closed Sales 338 30% 36% 27%
Sold 1-year ago 440 22% 60% 13%
Median sold prices Standard Sq’ REO per Sq’ Short per Sq’ Standard DOM REO DOM Short sales

DOM

2009 $138 $106 $115 57 44 136
2010 $141 $117 $118 92 42 100

Banning – Beaumont: fewer sales / Distress sale prices up slightly

Total Number % Standard % REO % Short Sales
Active Listings 529 36% 22% 36%
Pending Sales 107 32% 46% 22%
Closed Sales 86 34% 45% 19%
Sold 1-year ago 135 23% 63% 14%
Median sold prices Standard Sq’ REO per Sq’ Short per Sq’ Standard DOM REO DOM Short sales

DOM

2009 $96 $79 $83 101 33 147
2010 $85 $80 $84 97 42 115

Sun City – Menifee: sale numbers up slightly / prices lower

Total Number % Standard % REO % Short Sales
Active Listings 399 29% 22% 46%
Pending Sales 259 22% 30% 45%
Closed Sales 141 35% 32% 28%
Sold 1-year ago 130 21% 55% 21%
Median sold prices Standard Sq’ REO per Sq’ Short per Sq’ Standard DOM REO DOM Short sales

DOM

2009 $101 $82 $86 75 30 153
2010 $96 $79 $83 101 33 147

Perris – Nuevo: fewer sales / prices up

Total Number % Standard % REO % Short Sales
Active Listings 418 20% 18% 55%
Pending Sales 132 15% 45% 38%
Closed Sales 131 17% 43% 37%
Sold 1-year ago 197 10% 73% 16%
Median sold prices Standard Sq’ REO per Sq’ Short per Sq’ Standard DOM REO DOM Short sales

DOM

2009 $86 $74 $72 37 27 108
2010 $93 $82 $76 39 29 129

Hemet – San Jacinto: fewer sales / prices up for the REOs only

Total Number % Standard % REO % Short Sales
Active Listings 816 23% 23% 45%
Pending Sales 222 17% 49% 25%
Closed Sales 178 15% 46% 30%
Sold 1-year ago 306 5% 76% 12%
Median sold prices Standard Sq’ REO per Sq’ Short per Sq’ Standard DOM REO DOM Short sales

DOM

2009 $82 $62 $64 72 34 156
2010 $80 $66 $64 39 29 126

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