Thursday, March 05, 2009

Closing Sales for February - 2009-2004

March 5, 2009

Here are the closed transactions as reported though the MRMLS for February 2009 through February 2004. Quite obviously, the volume of sales has picked up substantially and is beginning to reassemble a strengthening of the real estate market in most of the 14 communities that I track.

Banning/Beaumont.........2009/96.......2008/44.......2007/48.......2006/64.......2005/71.......2004/68

Bloomington.....................2009/22,,,,,,,2008/4.........2007/8..........2006/19.......2005/18.......2004/16

Colton................................2009/48.......2008/21.......2007/20........2006/35......2005/34.......2004/25

Fontana.............................2009/264.....2008/80......2007/86........2006/168....2005/202.....2004/170

Grand Terrace.................2009/4..........2008/4........2007/6..........2006/9.........2005/7..........2004/11

Highland...........................2009/41........2008/25.......2007/22.......2006/37.......2005/56.......2004/45

Loma Linda......................2009/7..........2008/8..........2007/13.......2006/10.......2005/8.........2004/10

Mentone...........................2009/7..........2008/12......2007/4.........2006/4.........2005/7..........2004/4

Moreno Valley.................2009/322.....2008/146....2007/92.......2006/189.....2005/187.....2004/192

Redlands..........................2009/32........2008/19......2007/43.......2006/50......2005/65........2004/39

Rialto................................2009/99........2008/22......2007/46.......2006/63......2005/96........2004/90

Riverside.........................2009/364......2008/147.....2007/190....2006/281....2005/280......2004/305

San Bernardino..............2009/232......2008/78........2007/95......2006/162....2005/164......2004/198

Yucaipa/Calimesa..........2009/35........2008/38.......2007/32......2006/38.......2005/47........2004/61



With the affordability index in the Inland Empire being approximately 60% of the median income earners being able to qualify for the median house, the volume continues to increase. It is interesting to note that Grand Terrace, Highland, Loma Linda, Redlands and Yucaipa have been more consistent in their volume numbers than are some of the larger communities.

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