The number of closings in November were 187, for single family homes in Morento Valley.
The low figures for lower priced homes has only to do with the number of closings below $80,000 is low and absolutely nothing to do with the foreclosure halt.
The median price point for Moreno Valley is actually $153,000.
I do statistics on every popular city in Southwest Riverside County from Corona to Temecula, and compare it to 2009, so I do know what I am talking about.
I am getting ready to post my current figures to my blog here on Trulia and Activerain, I am in the midst of calculating figures and statistics and I know exactly what prices are currently, for every City in Southwest Riverside County, currently, present day for November 2010.
I do this regularly for my buyers because I have several cash investors who are wanting this information regarding sales statistics. There is much confusing information on the National News that states home prices are going down. However, here in Southwest Riverside County, we saw our lowest period back in November of 2008. Prices are not currently going down here in Southwest Riverside County. Our median prices are going up but only slightly.
It's still a great time to buy here in Southwest Riverside County, and there are many bank owned homes on the market with little or no effect from the foreclosure freeze.