Riverside/San Bernardino Counties Residential Sales Statistics - 2nd Quarter
July 8, 2008
It is interesting to note that in several of our market areas, the numbers of units sold are returning to the 2003 level. It is my theory that the number of homes sold will need to come back to the 2003 level in order for the real estate market to stabilize. When the number of homes sold is as low as it was in 2007, prices fall because sellers need to make a sale. Here are the numbers for 2nd quarter 2003-2008.
Banning/Beaumont.....2008/274.....2007/167.....2006/289.....2005/291.....2004/284....2003/228
Bloomington.................2008/32.......2007/20.......2006/70.......2005/65.......2004/57.......2003/63
Colton............................2008/67.......2007/61........2006/136.....2005/147.....2004/96.......2003/143
Fontana.........................2008/537.....2007/268.....2006/654.....2005/852....2004/650.....2003/694
Grand Terrace.............2008/22.......2007/20.......2006/28........2005/24......2004/17......2003/22
Highland.......................2008/114......2007/97.......2006/202......2005/230....2004/179.....2003/223
Loma Linda..................2008/41........2007/31.......2006/50........2005/54.......2004/46.....2003/42
Mentone.......................2008/21........2007/15.......2006/25........2005/30.......2004/27......2003/24
Moreno Valley.............2008/697......2007/240....2006/792.....2005/879......2004/758...2003/668
Redlands......................2008/144.....2007/163......2006/212......2005/237.....2004/250...2003/233
Rialto............................2008/201....2007/105......2006/303......2005/360.....2004/318...2003/348
Riverside.....................2008/878....2007/580......2006/1062....2005/1397....2004/1199....2003/1133
San Bernardino..........2008/424....2007/267......2006/662.......2005/705......2004/641.....2003/744
Yucaipa/Calimesa......2008/248....2007/135....2006/188.....2005/237...2004/208....2003/210
The posting does not chart as well as I would like, but hopefully you can decipher the numbers. In all areas they are better than 2nd quarter of 2007.
It is interesting to note that in several of our market areas, the numbers of units sold are returning to the 2003 level. It is my theory that the number of homes sold will need to come back to the 2003 level in order for the real estate market to stabilize. When the number of homes sold is as low as it was in 2007, prices fall because sellers need to make a sale. Here are the numbers for 2nd quarter 2003-2008.
Banning/Beaumont.....2008/274.....2007/167.....2006/289.....2005/291.....2004/284....2003/228
Bloomington.................2008/32.......2007/20.......2006/70.......2005/65.......2004/57.......2003/63
Colton............................2008/67.......2007/61........2006/136.....2005/147.....2004/96.......2003/143
Fontana.........................2008/537.....2007/268.....2006/654.....2005/852....2004/650.....2003/694
Grand Terrace.............2008/22.......2007/20.......2006/28........2005/24......2004/17......2003/22
Highland.......................2008/114......2007/97.......2006/202......2005/230....2004/179.....2003/223
Loma Linda..................2008/41........2007/31.......2006/50........2005/54.......2004/46.....2003/42
Mentone.......................2008/21........2007/15.......2006/25........2005/30.......2004/27......2003/24
Moreno Valley.............2008/697......2007/240....2006/792.....2005/879......2004/758...2003/668
Redlands......................2008/144.....2007/163......2006/212......2005/237.....2004/250...2003/233
Rialto............................2008/201....2007/105......2006/303......2005/360.....2004/318...2003/348
Riverside.....................2008/878....2007/580......2006/1062....2005/1397....2004/1199....2003/1133
San Bernardino..........2008/424....2007/267......2006/662.......2005/705......2004/641.....2003/744
Yucaipa/Calimesa......2008/248....2007/135....2006/188.....2005/237...2004/208....2003/210
The posting does not chart as well as I would like, but hopefully you can decipher the numbers. In all areas they are better than 2nd quarter of 2007.
posted by shirley harry at 8:33 AM
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