Some Riverside/San Bernardino County September Stats

October 8, 2007

The following data has been taken from the IMRMLS. It is a comparison of the number of closed residential transactions reported through the IMRMLS for the month of September. It does not include new homes or for sale by owner data. I have listed the cities in alphabetical order. Banning/Beaumont.....2007/35.....2006/81.....a decrease of 57%

Bloomington................2007/7........2006/16.....a decrease of 56%

Colton...........................2007/10......2006/40.......a decrease of 75%

Fontana........................2007/51......2006/171....a decrease of 70%

Grand Terrace.............2007/4........2006/13.....a decrease of 69%

Highland......................2007/13......2006/46.....a decrease of 72%

Loma Linda.................2007/1........2006/12......a decrease of 92%

Mentone......................2007/3........2006/8........a decrease of 62.5%

Moreno Valley.............2007/63.....2006/167.....a decrease of 62%

Redlands.....................2007/37......2006/55.......a decrease of 33%

Rialto...........................2007/29.....2006/77.......a decrease of 62%

Riverside.....................2007/107....2006/334.....a decrease of 68%

San Bernardino..........2007/51.......2006/176.....a decrease of 71%

Yucaipa/Calimesa......2007/28......2006/53.......a decrease of 47%

I also found that the median prices have not decreased nearly the percentage amount that the number of units has. A quick conclusion could be that sellers are still remaining relatively firm on their prices, but that buyers are waiting for reductions thus resulting in fewer units being sold.

If you go back to my previous posts you can retrieve the stats for the first two quarters of 2007. Tomorrow I will report the stats for January through June.