November Sales Closed - 2003-2008
December 8, 2008
A commentator on Bloomberg Television this morning opined that a bottom will be reached when prices steady, but more importantly when they are steady with increasing volume. If his opinion is correct, the real estate market shows a remarkable increase in the number of sales.
Here is the data.
Banning Beaumont...2008/105.....2007/47.....2006/62.....2005/100.....2004/79.......2003/85
Colton.........................2008/43.......2007/9.......2006/37......2005/50.......2004/47.......2003/30
Fontana.....................,2008/301.....2007/81.....2006/142...2005/211......2004/224.....2003/192
Grand Terrace..........2008/8..........2007/10.....2006/10.....2005/13........2004/14.......2003/8
Highland.....................2008/55.......2007/35.....2006/31......2005/77........2004/54.......2003/54
Loma Linda...............2008/10........2007/10.....2006/10......2005/7..........2004/12.......2003/7
Mentone....................2008/4...........2007/13.....2006/6........2005/10........2004/5.........2003/10
Moreno Valley..........2008/389......2007/72......2006/153...2005/301......2004/216.....2003/237
Redlands...................2008/35.........2007/38.....2006/51......2005/59........2004/71........2003/61
Rialto.........................2008/125.......2007/37.....2006/51......2005/86........2004/106......2003/111
Riverside..................2008/371........2007/141...2006/259...2005/397......2004/367.......2003/363
San Bernardino........2008/229.......2007/72.....2006/154....2005/219.....2004/188.......2003/221
Yucaipa/Calimesa...2008/47..........2007/26.....2006/50.....2005/57........2004/85.........2003/61
The decrease in pricing in some of this areas is definitely a contributing factor to the volume of sales. However, the data shows that there are buyers who recognize the opportunity that this market gives them. Low interest rates, coupled with low prices permits more of the population to qualify for a home purchase. It has been an interesting exercise to track the numbers as they are reported through the IMRMLS. Again, these numbers to not represent new home sales , nor for-sale-by-owner.
A commentator on Bloomberg Television this morning opined that a bottom will be reached when prices steady, but more importantly when they are steady with increasing volume. If his opinion is correct, the real estate market shows a remarkable increase in the number of sales.
Here is the data.
Banning Beaumont...2008/105.....2007/47.....2006/62.....2005/100.....2004/79.......2003/85
Colton.........................2008/43.......2007/9.......2006/37......2005/50.......2004/47.......2003/30
Fontana.....................,2008/301.....2007/81.....2006/142...2005/211......2004/224.....2003/192
Grand Terrace..........2008/8..........2007/10.....2006/10.....2005/13........2004/14.......2003/8
Highland.....................2008/55.......2007/35.....2006/31......2005/77........2004/54.......2003/54
Loma Linda...............2008/10........2007/10.....2006/10......2005/7..........2004/12.......2003/7
Mentone....................2008/4...........2007/13.....2006/6........2005/10........2004/5.........2003/10
Moreno Valley..........2008/389......2007/72......2006/153...2005/301......2004/216.....2003/237
Redlands...................2008/35.........2007/38.....2006/51......2005/59........2004/71........2003/61
Rialto.........................2008/125.......2007/37.....2006/51......2005/86........2004/106......2003/111
Riverside..................2008/371........2007/141...2006/259...2005/397......2004/367.......2003/363
San Bernardino........2008/229.......2007/72.....2006/154....2005/219.....2004/188.......2003/221
Yucaipa/Calimesa...2008/47..........2007/26.....2006/50.....2005/57........2004/85.........2003/61
The decrease in pricing in some of this areas is definitely a contributing factor to the volume of sales. However, the data shows that there are buyers who recognize the opportunity that this market gives them. Low interest rates, coupled with low prices permits more of the population to qualify for a home purchase. It has been an interesting exercise to track the numbers as they are reported through the IMRMLS. Again, these numbers to not represent new home sales , nor for-sale-by-owner.
posted by shirley harry at 8:03 AM
0 Comments:
Post a Comment
<< Home