2007 Home Sale States/Inland Southern CA/Jan.-Sept.

October 9, 2007

The following data was retrieved from the IMRMLS. It is based on reported home sales from January 1, 2007 through September 30, 2007 in Riverside/San Bernardino County communities.

Banning/Beaumont.....2007/145.....2006/244.....a decrease of 41%

Bloomington.................2007/20......2006/51........a decrease of 61%

Colton............................2007/46......2006/151......a decrease of 70%

Fontana.........................2007/197.....2006/594....a decrease of 67%

Grand Terrace..............2007/16.......2006/30......a decrease of 47%

Highland.......................2007/69......2006/148.....a decrease of 53%

Loma Linda..................2007/25.......2006/51.......a decrease of 51%

Mentone.......................2007/11........2006/20......a decrease of 45%

Moreno Valley..............2007/210....2006/583.....a decrease of 64%

Redlands.......................2007/130....2006/192.....a decrease of 32%

Riverside.......................2007/418....2006/1000..a decrease of 58%

San Bernardino............2007/224....2006/564....a decrease of 60%

Yucaipa/Calimesa........2007/105....2006/184.....a decrease of 43%



These numbers do not reflect new homes or for sale by owners that have also sold. In some markets such as Moreno Valley and Banning/Beaumont where new home construction has boomed, the sales in these new tracts have attracted buyers and may be one reason that number of resale units have declined.

Median prices have declined the most in San Bernardino and the least in Banning/Beaumont and Redlands. In general the median prices for the first three quarters of 2007 have dropped between 3% and 15%. Median prices are a tricky indicator as they are always dependent on the mix of houses being sold. For the two county area, median prices remain in the $300,000 to $400,000
price range.