Properites on The Market and Those in Escrow - 01/01/2009

January 5, 2009

As of January 1, 2009, in all of the communities I have been tracking, there were fewer active listings in the IMRMLS than on January 2, 2008. This is just factual information and what it portends for the Inland Empire real estate market in 2009 remains to be see. However, many economic reports state that the supply of unsold inventory must decrease before the housing market can stabilize. The following data may be indicative of a market that has improved.



Banning/Beaumont...........Listings/774..........Pendings/193..........Percentage of P to L/25%

Bloomington.......................Listings/173..........Pendings/53............Percentage of P to L/30.6%

Colton..................................Listings/329.........Pendings/91............Percentage of P to L/27.7%

Fontana...............................Listings/1572.......Pendings/598.........Percentage of P to L/38%

Grand Terrace...................Listings/47...........Pendings/9..............Percentage of P to L/19.1%

Highland.............................Listings/336.........Pendings/92............Percentage of P to L/27.4%

Loma Linda........................Listings/82...........Pendings/25............Percentage of P to L/30.5%

Mentone.............................Listings/55...........Pendings/3..............Percentage of P to L/5.5%

Moreno Valley...................Listings/1723.......Pendings/737..........Percentage of P to L/42.7%

Redlands............................Listings/359.........Pendings/70............Percentage of P to L/19.5%

Rialto..................................Listings/728.........Pendings/292..........Percentage of P to L/40.1%

Riverside...........................Listings/2430.......Pendings/744..........Percentage of P to L/20.6%

San Bernardino................Listings/1852........Pendings/482..........Percentage of P to L/26%

Yucaipa/Calimesa...........Listings/383..........Pendingd/76............Percentage of P to L/19.8%

The change since January of 2008 is encouraging. At that time the highest percentage of pendings to listings was 10%. Since mid year we have seen a gradual increase in the number of properties entering escrow. The next data to consider will be the number of closed residential sales in December.