Listings and Pending Sales - December 1, 2008

December 2, 2008


It has certainly been an interesting year for the marketing of real estate in the Inland Empire. In some communities the data indicates that the activity in the market place increased substantially as prices increasingly attractive.For your information the following numbers represent the properties currently for sale and the properties currently in escrow. From the low single digit ratios of pendings to listings in January 2008 to the current levels ranging from a low of 13.2% (Mentone) to a high of 46% (Moreno Valley) the data suggests a reviving real estate market. Always remember that these numbers only represent properties listed on the IMRMLS and generally do not reflect the sale of newly constructed homes.


Banning/Beaumont......Listings/848........Pendings/202........Percentage/23.8%


Bloomington..................Listings/178.........Pendings/67..........Percentage/37.6%


Colton.............................Listings/337.........Pendings/102.......Percentage/.30%


Fontana..........................Listings/1761.......Pendings/638.......Percentage/36.2%


Grand Terrace..............Listings/54...........Pendings/11..........Percentage/20%


Highland.........................Listings/351........Pendings/111.........Percentage/31.6%


Loma Linda...................Listings/98...........Pendings/20..........Percentage/20%


Mentone........................Listings/53...........Pendings/7.............Percentage/13.2%


Moreno Valley..............Listings/1916.......Pendings/883........Percentage/46%


Redlands.......................Listings/389.........Pendings/72...........Percentage/18.5%


Rialto.............................Lisitngs/785.........Pendings/292.........Percentage/37.19%


Riverside......................Listings/2734.......Pendings/797..........Percentage/29.1%


San Bernardino............Listings/2072......Pendings/511..........Percentage/24.6%


Yucaipa/Calimesa.......Listings/428.........Pendings/81............Percentage/18.9%