Its August - How's the Real Estate Market is Doing

August 1, 2008

Those of us in residential real estate sales felt the up cycle stop in August 2006. Here we are in August 2008. Are we leveling out, still falling or improving? You can draw your own conclusions as I post the listing, pending and sold data from the the IMRMLS. It certainly seems that some of the Inland Empire real estate markets have turned the corner. Others are still seeming to lag.

Here is the active number of listings and pendings as of August 1, 2008.

Banning/Beaumont..........Listings/825...........Pendings/226..........Percentage/27.3%

Bloomington......................Listings/213...........Pendings/50.............Percentage/23.4%

Colton.................................Listings/366...........Pendings/78.............Percentage/21.3%

Fontana..............................Listings/1802.........Pendings/563..........Percentage/31.2%

Grand Terrace..................Listings/55..............Pendings/19............Percentage/34.5%

Highland.............................Listings/340...........Pendings/110..........Percentage/32.3%

Loma Linda........................Listings/97..............Pendings/17............Percentage/29.8%

Mentone.............................Listings/61..............Pendings/16............Percentage/26.2%

Moreno Valley...................Listings/1975..........Pendings/851..........Percentage/43% (YEAH)

Redlands.............................Listings/428...........Pendings/71.............Percentage/16.5%

Rialto...................................Listings/823...........Pendings/240..........Percentage/29.1%

Riverside.............................Listings/2557.........Pendings/737..........Percentage/28.8%

San Bernardino..................Listings/2037.........Pendings/423..........Percentage/20.7%

Yucaipa/Calimesa..............Listings/433...........Pendings/70............Percentage/16.1%