Saturday, May 03, 2008

Following the Inland Empire Real Estate Market

May 5, 2008

As part of my ongoing effort to identify current trends in our real estate marketplace, I research the data provided though the IMRMLS (the regional multiple listing service). The latest data seems to indicate that we are putting a greater percentage of the active listings into escrow. Later in the week, I'll post the closings for the month of April with a comparaison to the past several years.

Banning/Beaumont - 05/01/08 - active/885;pending/171 (19.3%)

04/01/08 - active/911;pending/167 (18.3%)

Bloomington............ - 05/01/08 - active/216;pending/21 (9.7%)

04/01/08 - active/200;pending/18 (9%)

Colton....................... - 05/01/08 - active/342;pending/36 (10.5%)

- 04/01/08 - active/355;pending/34 (9.6%)

Fontana.................... - 05/01/08 - active/1805;pending/336 (18.6%)

- 04/01/08 - active/1837;pending/257 (14%)

Grand Terrace......... - 05/01/08 - active/61;pending/14 (23%)

- 04/01/08 - active/59;pending/10 (16.9%)

Highland.................. - 05/01/08 - active/347;pending/80 (23.1%)

- 04/01/08 - active/369;pending/42 (11.4%)

Loma Linda.............. - 05/01/08 - active/78;pending/21 (26.9%)

- 04/01/08 - active/94;pending/16 (17%)

Mentone................... - 05/01/08 - active/51;pending/7 (13.7%)

- 04/01/08 - active/54;pending/8 (14.8%)

Moreno Valley.......... - 05/01/08 - active/2033;pending/601 (29.6%)

- 04/01/08 - active/2072;pending/467 (22.5%)

Redlands.................. - 05/01/08 - active/426;pending/67 (15.7%)

- 04/01/08 - active/432;pending/64 (14.8%)

Rialto........................ - 05/01/08 - active/807;pending/174 (21.6%)

- 04/01/08 - active/823;pending/131 (15.9%)

Riverside.................. - 05/01/08 - active/2736;pending/569 (20.8%)

- 04/01/08 - active/2785;pending/429 (15.4%)

San Bernardino....... - 05/01/08 - active/2098;pending/266 (12.7%)

- 04/01/08 - active/2102;pending/204 (9.7%)

Yucaipa/Calimesa.. - 05/01/08 - active/432;pending/67 (15.5%)

- 04/01/08 - active/355;pending/34 (9.6%)

As yu can note, the percentages of pendings to listing is

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