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Here is an update on what is happening currently with the housing market in Moreno Valley, California … specifically, in the 92557 zip code. This information is as of September 1, 2012.
Active Listings
There are 38 houses currently for sale on the MLS right now in the 92557 zip code of Moreno Valley, California. Of these houses, 13 are short sales, 10 are bank-owned (foreclosure) and 16 are standard sales. The least expensive house currently for sale is listed at $84,900 and the highest price 92557 home right now is listed at $474,900 (down from $545,000 originally).
Homes in Escrow
There are currently 192 houses in escrow in this area. Of those, 28 are bank-owned, 126 are short sales, and there are 38 standard sales. List prices range from $79,999 to $278,500.
Sold Properties
North Moreno Valley (92557) has had a total of 44 houses closed (sold) in the last month. Of those, 9 were bank-owned, 21 were short sales and 14 were standard sales.
There continues a lot of demand for houses in Moreno Valley, California. Houses that are priced well are definitely selling and selling quickly. The number of successfully completed short sales is increasing and the number of foreclosures on the market is decreasing. If you fear that you may loose your home to foreclosure, a short sale may be a better option for you. Talk to your lender first about a possible loan modification. If they don’t agree to one, you should consider a short sale.
North Moreno Valley is a wonderful neighborhood … I know because my family lives here! If you would like to learn more about Moreno Valley please visit my Moreno Valley blog or visit my website at MoValHomes.com. You can contact me at George@MoValHomes.com if you would like more details about Moreno Valley.
