Solds in Selected Inland California Cities MLS

August 10, 2007

As a response to the continuing question "What's happening in the real estate market?" I prepared a comparison of properties reported through the IMRMLS as sold in July 2007 with those reported sold in July 2006. This report will not include the sale of new housing, nor of for-sale by owner properties. It is only as accurate as the information reported by agents to the IMRMLS.

(Unfortunately, I have not yet mastered the ability to format columns when I post my writings on blogger.com.)

Beaumont/Banning - 2007:49homes...2006:69homes....36% unit decrease

Fontana - 2007:71homes....2006:196homes...64% unit decrease

Highland - 2007:26homes...2006:44homes....41% unit decrease

Loma Linda - 2007:14homes....2006:18homes.....22% unit decrease

Moreno Valley - 2007:69homes...2006:198homes...65% unit decrease

San Bernardino - 2007:86homes...2006:188homes...55% unit decrease

Redlands - 2007:44homes...2006:69homes....36% unit decrease

Riverside - 2007:151homes..2006:326homes..54% unit decrease

Yucaipa - 2007:34homes...2006:57homes....41% unit decrease



In addition to the number of units reported sold, I also calculated (fairly roughly) the changes in the median price of the homes sold.

Beaumont/Banning - 2007=$320,000.....2006=$315,000

Fontana - 2007=$409,000.....2006=$420,000

Highland - 2007=$344,000.....2006=$395,000

Loma Linda - 2007=$388,000.....2006=$495,000

Moreno Valley - 2007=$350,000.....2006=$390,000

San Bernardino - 2007=$290,000.....2006=$311,000

Redlands - 2007=$400,000.....2006=$430,000

Riverside - 2007=$410,000.....2006=$440,000

Yucaipa - 2007=$355,000.....2006=$395,000

As has been reported in the media the pace of real estate sales has slowed, but prices have not yet shown that sellers are in a panic to sell at any price. Tune in for the next report of the August market.