Here are Some Interesting Numbers to Watch
June 15, 2009
I have posted the numbers for real estate activity in the month of May. Volume has been increasing, and median prices have been decreasing. However, it did seem as though median prices were slightly better in May than in the previous month - a hopeful sign.
Just because I am curious about what numbers might tell me, I decided to check the numbers for sales over the $400,000 selling price since that is the segment of our real estate market that has been very slow. I pulled the data from the IMRMLS for the years 2009, 2007, 2006 and 2002. If I had been checking these numbers in 2007, I would have been alerted that the market was undergoing a change! One month is just a snapshot, but I found the results fascinating.
Number of properties reported sold at a price above $400,000.
Banning/Beaumont........2009/0.........2007/8.........2006/23..........2002/1
Bloomington....................2009/0.........2007/3.........2006/10..........2002/0
Colton...............................2009/1.........2007/2.........2006/9............2002/0
Fontana............................2009/1.........2007/53.......2006/135.......2002/0
Grand Terrace................2009/0.........2007/3.........2006/5...........2002/1
Highland..........................2009/4..........2007/12.......2006/27.........2002/0
Loma Linda.....................2009/1..........2007/6.........2006/9...........2002/0
Mentone..........................2009/0..........2007/2.........2006/0...........2002/0
Moreno Valley............... 2009/0..........2007/19.......2006/98.........2002/0
Redlands.........................2009/6...........2007/27.......2006/28.........2002/7
Rialto...............................2009/0...........2007/10......2006/38.........2002/0
Riverside........................2009/23.........2007/117.....2006/243.......2002/15
San Bernardino.............2009/0............2007/17.......2006/15.........2002/0
Yucaipa/Calimesa.........2009/6............2007/23......2006/25.........2002/4
How would you interpret these numbers?
I have posted the numbers for real estate activity in the month of May. Volume has been increasing, and median prices have been decreasing. However, it did seem as though median prices were slightly better in May than in the previous month - a hopeful sign.
Just because I am curious about what numbers might tell me, I decided to check the numbers for sales over the $400,000 selling price since that is the segment of our real estate market that has been very slow. I pulled the data from the IMRMLS for the years 2009, 2007, 2006 and 2002. If I had been checking these numbers in 2007, I would have been alerted that the market was undergoing a change! One month is just a snapshot, but I found the results fascinating.
Number of properties reported sold at a price above $400,000.
Banning/Beaumont........2009/0.........2007/8.........2006/23..........2002/1
Bloomington....................2009/0.........2007/3.........2006/10..........2002/0
Colton...............................2009/1.........2007/2.........2006/9............2002/0
Fontana............................2009/1.........2007/53.......2006/135.......2002/0
Grand Terrace................2009/0.........2007/3.........2006/5...........2002/1
Highland..........................2009/4..........2007/12.......2006/27.........2002/0
Loma Linda.....................2009/1..........2007/6.........2006/9...........2002/0
Mentone..........................2009/0..........2007/2.........2006/0...........2002/0
Moreno Valley............... 2009/0..........2007/19.......2006/98.........2002/0
Redlands.........................2009/6...........2007/27.......2006/28.........2002/7
Rialto...............................2009/0...........2007/10......2006/38.........2002/0
Riverside........................2009/23.........2007/117.....2006/243.......2002/15
San Bernardino.............2009/0............2007/17.......2006/15.........2002/0
Yucaipa/Calimesa.........2009/6............2007/23......2006/25.........2002/4
How would you interpret these numbers?
posted by shirley harry at 7:28 AM
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