Riverside Realtor Blog - Alma Dizon

Alma shares her experiences and observations as a Realtor in Riverside California.

Saturday, May 27, 2006

Moreno Valley Statistics from the past 60 days

Similarly to Riverside, the recent figures for Moreno Valley show stable prices in general since my last report (3/22/06). The average of available prices is higher than that of expireds but are much closer than in, say, Riverside. The much higher number of closed sales are in keeping with the typically more active spring market. Pending, back-up closed, and expired figures are from 3/27/06 through the present.

In the single family residence category, 1-2 and 3-bedroom houses in escrow show an average lower list price than closed sale prices. However, a number of these properties may end up closing higher as there’s room for buyer’s to stack costs.

As always, the data may be thrown off by agents who input codes and prices incorrectly. I had to leave out the average price of 3-bedroom properties taking back-up offers as the figure was too high—one house was listed for about 3.2 million more than it could possibly be worth.

Houses
1-2 bedrooms:
Available: 63 Avg. Price: 315,156 Avg. Days On Market: 49
Pending: 34 Avg. Price: 295,508 Avg. DOM: 48
Back-up: 4 Avg. Price: 304,000 Avg. DOM: 44
Sold: 43 Avg. Price: 299,127 Avg. DOM: 31
Expired: 18 Ave. Price: 301,316 Avg. DOM: 94

3 bedrooms:
Available: 463 Avg. Price: 390,068 Avg. DOM: 48
Pending: 155 Avg. Price: 360,869 Avg. DOM: 44
Back-up: 36 Avg. Price: (data too skewed by incorrect entry)
Sold: 236 Avg. Price: 366,690 Avg. DOM: 45
Expired: 102 Avg. Price: 384,506 Avg. DOM: 47

4+ bedrooms:
Available: 649 Avg. Price: 465,197 Avg. DOM: 55
Pending: 121 Avg. Price: 452,511 Avg. DOM: 58
Back-up: 37 Avg. Price: 451,860 Avg. DOM: 74
Sold: 226 Avg. Price: 424,746 Avg. DOM: 48
Expired: 172 Avg. Price: 458,179 Avg. DOM: 68

Condos:
1-2 bedrooms:
Available: 1 Avg. Price: 210,000 Avg. DOM: 4
Pending: 4 Avg. Price: 254,750 Avg. DOM: 30
Back-up: 0
Sold: 3 Avg. Price: 201,333 Avg. DOM: 37
Expired: 0

3 bedrooms:
Available: 1 Avg. Price: 229,900 Avg. DOM: 4
Pending: 5 Avg. Price: 242,500 Avg. DOM: 48
Sold: 2 Avg. Price: 213,500 Avg. DOM: 3
Expired: 0

4+ bedrooms:
Available: 0
Pending: 0
Back-up: 0
Sold: 0
Expired: 0

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