14 Inland Empire Communities - Closed Sales 2003-2008

January 8, 2009
Here is an overview of the volume of closed residential real estate transaction for the years 2003 through 2008. To date, Moreno Valley, Fontana, Grand Terrace, Loma Linda and the Banning/Beaumont/Cherry Valley area have exceeded the number of transactions in the year 2003. The good news, however, is that closed transactions are generally significantly above the number in 2007. Always, the question: "Have we bottomed out?" Volume may have, but the median pricing data is not yet rising - hopefully no longer declining.
Banning/Beaumont.....2008/1205.....2007/615......2006/942......2005/1118......2004/1022
2003/878
Bloomington.................2008/217........2007/84........2006/229......2005/284.......2004/272
2003/271
Colton............................2008/427........2007/201.....2006/517.......2005/571.......2004/500
2003/541
Fontana........................2008/2809......2007/1050...2006/2277....2005/3039....2004/2663
2003/2668
Grand Terrace............2008/100........2007/72........2006/1016....2005/148.......2004/117
2003/98
Highland......................2008/567.........2007/340.....2006/616......2005/833.......2004/699
2003/766
Loma Linda.................2008/148.........2007/114......2006/176......2005/152.......2004/151
2003/144
Mentone......................2008/89...........2007/58........2006/76........2005/99.........2004/80
2003/97
Moreno Valley............2008/3859......2007/1019....2006/2530...2005/3380....2004/3095
2003/2864
Redlands......................2008/561........2007/548......2006/718......2005/901.......2004/918
2003/937
Rialto............................2008/1082.....2007/467.......2006/967......2005/1364....2004/1272
2003/1312
Riveride.......................2008/4272......2007/2061....2006/3770...2005/5000....2004/4536
2003/4495
San Bernardino...........2008/2231......2007/1099....2006/2288...2005/2646....2004/2635
2003/2811
Yucaipa/Calimesa......2008/569........2007/441.......2006/675.....2005/793.......2004/845
2003/761
Moreno Valley and the Banning/Beaumont/Cherry Valley areas in 2008 closed more transactions than any of the six previous years. Let's hope that the volume rise in transaction numbers will stabilize the prices.