Listing and Pending Numbers Are Cause for Elation

March 2, 2009

It is a real joy to post the numbers of properties on active listing and reported to be pending sales. The ratio of pendings to listings has been growing steadily the past several months. If I look back to March of 2008, it is clear that that the San Bernardino/Riverside real estate market is experiencing great activity. Last year, the ratios were in single digits, this year of the 14 communities I track, 6 were ratios of 40% or more. WOW!

Banning/Beaumont..........Listings/722..........Pendings/216..........Percentage/29.9%

Bloomington......................Listings/150..........Pendings/68............Percentage/25.3%

Colton.................................Listings/259..........Pendings/117..........Percentage/45.2%

Fontana..............................Listings/1377........Pendings/666..........Percentage/48.4%

Grand Terrace..................Listings/42............Pendings/13............Percentage/31%

Highland.............................Listings/287..........Pendings/123.........Percentage/42.9%

Loma Linda........................Listings/83............Pendings/20...........Percentage/24.1%

Mentone.............................Listings/55............Pendings/8..............Percentage/14.5%

Moreno Valley...................Listings/1443........Pendings/887..........Percentage/61.5%

Redlands............................Listings/364..........Pendings/80............Percentage/22%

Rialto..................................Listings/627..........Pendings/329..........Percentage/52.5%

Riverside...........................Listings/2116.........Pendings/899..........Percentage/42.5%

San Bernardino................Listings/1600.........Pendings/564..........Percentage/35.3%

Yucaipa/Calimesa............Listings/331...........Pendings/94............Percentage/28.4%



The total number of active listings in the 14 communities as of March1, 2009 is 9456. The total number of listings in March 2008 was 12,522.

The total number of pendings on March 1, 2009 is 4084. (43.2%) The total number of pendings in March 2008 was 1134. (9.1%)