Listing and Pending Numbers
June 1, 2009
Well, it is Monday and the first of June. For those of you who are number people and who have been following the numerical trends of the Inland Empire real estate market, the numbers I am about to post are pretty awesome.
Riverside......................Listings/1333..........Pendings/1032..........Ratiio/77.4%
Moreno Valley............,Listings/849............Pendings/857............Ratio/100.01%
Banning/Beaumont....Listings/607............Pendings/249............Ratio/41%
Fontana.......................Listings/800............Pendings/737.............Ratio/92.1%
Bloomington...............Listings/124.............Pendings/94...............Ratio/75.8%
Grand Terrace...........Listings/23...............Pendings/28...............Ratio/121.7%
Loma Linda................Listings/71................Pendings/33...............Ratio/46.5%
Redlands.....................Listings/283.............Pendings/103.............Ratio/36.4%
Yucaipa/Calimesa.....Listings/259.............Pendings/87................Ratio/33.6%
Rialto..........................Lisitngs/393..............Pendings/363.............Ratio/92.4%
Colton.........................Listings/173..............Pendings/139..............Ratio/80.3%
San Bernardino.........Listings/1094...........Pendings/631..............Ratio/57.7%
Highland....................Listings/194..............Pendings/123..............Ratio/63.4%
Mentone....................Listings/34................Pendings/20................Ratio/58.8%
It is interesting to note that the number of active listings has declined substantially and that the number of properties in escrow(pendings) in 4 communities is actually greater than the number of active listings. Since I did not keep statistical data during the past up-cycle, I do not know how to interpret this phenomenon . One thing for sure, buyers are excited about the current level of prices and are entering the market. When I post the median prices, we shall see whether this activity is helping to raise the median.
If you want to check how this month compares to prior months, you can check the posts of May 5, April 1, March 2, February 2 and January 1, 2009.
Well, it is Monday and the first of June. For those of you who are number people and who have been following the numerical trends of the Inland Empire real estate market, the numbers I am about to post are pretty awesome.
Riverside......................Listings/1333..........Pendings/1032..........Ratiio/77.4%
Moreno Valley............,Listings/849............Pendings/857............Ratio/100.01%
Banning/Beaumont....Listings/607............Pendings/249............Ratio/41%
Fontana.......................Listings/800............Pendings/737.............Ratio/92.1%
Bloomington...............Listings/124.............Pendings/94...............Ratio/75.8%
Grand Terrace...........Listings/23...............Pendings/28...............Ratio/121.7%
Loma Linda................Listings/71................Pendings/33...............Ratio/46.5%
Redlands.....................Listings/283.............Pendings/103.............Ratio/36.4%
Yucaipa/Calimesa.....Listings/259.............Pendings/87................Ratio/33.6%
Rialto..........................Lisitngs/393..............Pendings/363.............Ratio/92.4%
Colton.........................Listings/173..............Pendings/139..............Ratio/80.3%
San Bernardino.........Listings/1094...........Pendings/631..............Ratio/57.7%
Highland....................Listings/194..............Pendings/123..............Ratio/63.4%
Mentone....................Listings/34................Pendings/20................Ratio/58.8%
It is interesting to note that the number of active listings has declined substantially and that the number of properties in escrow(pendings) in 4 communities is actually greater than the number of active listings. Since I did not keep statistical data during the past up-cycle, I do not know how to interpret this phenomenon . One thing for sure, buyers are excited about the current level of prices and are entering the market. When I post the median prices, we shall see whether this activity is helping to raise the median.
If you want to check how this month compares to prior months, you can check the posts of May 5, April 1, March 2, February 2 and January 1, 2009.
posted by shirley harry at 8:09 AM
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