Inland Empire Real Estate Stats for March
April 2, 2008
In keeping with my commitment to track the Inland Empire real estate market in 2008, I have collected the listing and pending number s for the month of March. I have compared the numbers to those of February. I was pleasantly surprised to discover that in most of the areas I check the number of properties listed is slightly less than in February. The good news is that the number of properties currently in sales pending has increased over the number for February, especially in Riverside and Moreno Valley.
Total Number of Listings and Pendings reported through the IMRMLS.
Banning/Beaumont.........List/911..........Pending/167..vs. List/936...Pend/103
Bloomington.....................List/200........Pending/18..vs... List/200...Pend/18
Colton................................List/355.........Pending/34..vs...List/342....Pend/44
Fontana.............................List/1837.......Pending/257..vs.List/1815...Pend/191
Grand Terrace..................List/59...........Pending/10....vs.List/64......Pend/8
Highland...........................List/369.........Pending/42...vs.List/393.....Pend/35
Loma Linda......................List/94...........Pending/16...vs..List/99......Pend/11
Mentone...........................List/54............Pending/8....vs..List/62......Pend/7
Moreno Valley.................List/2072........Pending/467.vs.List/2146..Pend/380
Rialto...............................List/823...........Pending/131..vs.List/854....Pend/88
Riverside.........................List/2785.........Pending/429.vs.List/2844..Pend/301
Redlands.........................List/432...........Pending/64...vs.List/437.....Pend/47
San Bernardino..............List/2102.........Pending/204.vs.List/2064..Pend/165
Yucaipa/Calimesa..........List/436...........Pending/65...vs.List/444....Pend/57
These changes are not dramatic, but if the ratio of pendings to listings can increase, it could be a sign that we are at the bottom. With all the government stimuli, at risk homeowners will now have options other than just losing a property in a foreclosure sale. While credit rules have tightened, there are loans available and there are also programs available to assist new buyers. It may take some time for confidence to return to the real estate consumer, but the bottom line is that people need places to live. Finding a property that meets a person's housing needs as well as the pocketbook is the secret of real estate sales.
In keeping with my commitment to track the Inland Empire real estate market in 2008, I have collected the listing and pending number s for the month of March. I have compared the numbers to those of February. I was pleasantly surprised to discover that in most of the areas I check the number of properties listed is slightly less than in February. The good news is that the number of properties currently in sales pending has increased over the number for February, especially in Riverside and Moreno Valley.
Total Number of Listings and Pendings reported through the IMRMLS.
Banning/Beaumont.........List/911..........Pending/167..vs. List/936...Pend/103
Bloomington.....................List/200........Pending/18..vs... List/200...Pend/18
Colton................................List/355.........Pending/34..vs...List/342....Pend/44
Fontana.............................List/1837.......Pending/257..vs.List/1815...Pend/191
Grand Terrace..................List/59...........Pending/10....vs.List/64......Pend/8
Highland...........................List/369.........Pending/42...vs.List/393.....Pend/35
Loma Linda......................List/94...........Pending/16...vs..List/99......Pend/11
Mentone...........................List/54............Pending/8....vs..List/62......Pend/7
Moreno Valley.................List/2072........Pending/467.vs.List/2146..Pend/380
Rialto...............................List/823...........Pending/131..vs.List/854....Pend/88
Riverside.........................List/2785.........Pending/429.vs.List/2844..Pend/301
Redlands.........................List/432...........Pending/64...vs.List/437.....Pend/47
San Bernardino..............List/2102.........Pending/204.vs.List/2064..Pend/165
Yucaipa/Calimesa..........List/436...........Pending/65...vs.List/444....Pend/57
These changes are not dramatic, but if the ratio of pendings to listings can increase, it could be a sign that we are at the bottom. With all the government stimuli, at risk homeowners will now have options other than just losing a property in a foreclosure sale. While credit rules have tightened, there are loans available and there are also programs available to assist new buyers. It may take some time for confidence to return to the real estate consumer, but the bottom line is that people need places to live. Finding a property that meets a person's housing needs as well as the pocketbook is the secret of real estate sales.
posted by shirley harry at 8:35 AM
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