Market Camparison - First Half 2006 vs 2007

July 9, 2007

The following numbers were gathered from the closed sales reported through the IMRMLS. Numbers which will come out from the title company's research at the recorder's office will reflect both resales and new home sales and for sale by owners that were not reported through the IMRMLS.

The sale of units in Loma Linda, Redlands, Yucaipa and the Banning/Beaumont areas remained relatively strong during the first half. Markets in the larger Riverside/San Bernardino Metropolitan areas showed a steeper decline in the number of units sold.

Loma Linda - 69(2007) - 85(2006)
Redlands - 586(2007) - 921(2006)
Yucaipa - 253(2007) - 340(2006)
Banning/Beaumont - 323(2007) - 508(2006)
Highland - 184(2007) - 343(2006)
Riverside - 639(2007) - 1241(2006)
San Bernardino - 606(2007) - 1251(2006)
Fontana - 586(2007) - 921(2006)
Moreno Valley - 517(2007) - 1460(2006)

At my initial look at the data it seems that the slowest segment of the market remains the properties under $500,000. It will be interesting to watch the effect that changes in lending practices might have on sales in the coming months.