Beverly Bayer's (bbayer) Blog

  As of 8/24/2010 Moreno Valley home prices are going up only $20 per day based on the median prices for the most recent 3-month period vs. the prior 3-month period, based on house size comparisons.  The difference in sales prices ranges from $62 to $66 per square foot.  There has been about a 32...

On the front page of the Wall Street Journal today (8/25/2010) is this: "Plunge in Home Sales Stokes Economic Fears".  Quote from page C16: "July existing-home sales hit their lowest level since the National Association of Realtors began reporting the data in 1999."  more quotes: "it would take n...

The number of homes for sale in Temecula is slowly increasing, while the number of pending sales in slightly decreasing - with an end result is an increase in the standing inventory.  We are now at 3.4 months of inventory (still low), but about 1-month ago (7/23/2010) the standing inverntory was ...

In Murrieta, California the number of homes for sale has been increasing and the number of pending sales declining - with a current 4-months of standing inventory as of August 23, 2010.  Compaired to 1-year ago (8/19/2009) where the months of inventory was about 2-months.  In contrast in May (5/2...

Market Conditions: Hemet / San Jacinto, CA         Date 8/18/2010 Square Footage 0-3 Months 4-6 Months Difference 2800-3000 $167,750 $168,250 $-500 2600-2800 $169,900 $165,000 $4900 difference $-2150 $3250 ////////////////// 2400-2600 $165,000 $165,500 $-500 difference $4900 $-500 ///////////////...

Market Conditions: Perris - Nuevo, CA 8/9/2010 Square Footage 0-3 Months 4-6 Months Difference 2800-3000 $192,000 $185,000 $7000 2600-2800 $205,000 $198,000 $7000 difference $-13,000 $-13,000 ////////////////// 2400-2600 $180,000 $165,000 $15,000 difference $25,000 $33,000 ////////////////// 2200...

Appraiser Adjustment Matrix Area                          Moreno Valley, CA               Date 8/4/2010 Square Footage Standard Sales Distress Sales Difference 2800-3000 $242,000 $225,950 $16,100 2600-2800 $242,000 $225,000 $17,000 difference $0 $950 ////////////////// 2400-2600 $242,250 $201,000...

Appraiser Adjustment Matrix Area  Moreno Valley                                       Date 8/4/2010 Square Footage 0-3 Months 4-6 Months Difference 2800-3000 $231,900 $235,000 $-3100 2600-2800 $230,000 $225,000 $5000 difference $1900 $10,000 ////////////////// 2400-2600 $210,000 $210,000 $0 diffe...

  Data for the first 7 months of 2010: $ per Square Foot is based on the average size of homes sold and the GRM is derived from the Average sales Price divided by the Median Rent - between 1/1/2010 and 8/2/2010.  Data is from MLS. House Size Low Rent Median Rent High Rent Average S.P. $ per Sq. F...

7 Good Things Coming to Moreno Valley Sketchers USA distribution center - south of the 60 freeway: between Theodore Street and Redlands Blvd - under construction   Birth of wine vineyards in Moreno Valley - North of the 60 freeway - east of Theodore St.   Moreno Valley Community College - Lassell...