Sold Data for August 2008 - 2003

September 8, 2008

The month of August often reflects the real estate activity of June and July since properties that enter escrow typically take 30-60 days to close. Clearly the real estate market in the communities that I track through the data reported in the IMRMLS reflects an improving real estate market if you just consider the volume of activity.

Banning/Beaumont.......2008/96.....2007/62.....2006/87.....2005/111.....2004/93.....2003/92

Bloomington...................2008/19.....2007/3........2006/18.....2005/35......2004/24.....2003/17

Colton..............................2008/41,,,,,2007/24.....2006/53.....2005/48......2004/48.....2003/46

Fontana...........................2008/271...2007/75.....2006/227...2005/301....2004/230...2003/216

Grand Terrace...............2008/10.....2007/10.....2006/10.....2005/13......2004/11......2003/10

Highland.........................2008/49.....2007/29.....2006/58.....2005/61......2004/66......2003/57

Loma Linda....................2008/11.....2007/9.......2006/21......2005/15......2004/14......2003/11

Mentone.........................2008/5.......2007/4.......2006/8........2005/5........2004/7........2003/13

Moreno Valley...............2008/356...2007/84....2006/219....2005/311....2004/307....2003/253

Redlands........................2008/46......2007/50....2006/68......2005/84.....2004/81......2003/91

Rialto..............................2008/108....2007/29....2006/94......2005/121....2004/117....2003/92

Riverside.......................2008/397.....2007/157..2006/340....2005/507...2004/380...2003/444

San Bernardino.............2008/197....2007/85....2006/200....2005/259...2004/246....2003/219

Yucaipa/Calimesa........2008/53......2007/42....2006/74.......2005/74......2004/84......2003/62

It seems that in areas where prices fell the most, the volume has also increased the most. Buyers are recognizing the affordability that the present real estate market offers. When I post median prices, it will be interesting to note how the median prices also reflect the areas where volume has increased.