Closed Sales as Reported through the IMRMLS on July 7, 2009

July 7, 2009

Here are the numbers for closed sales in the month of June in the years 2002-2009. These numbers are interesting to track as they rather clearly indicate the trend of this particular real estate cycle.

Banning Beaumont.......2009/134.......2008/103.......2007/67........2006/131.......2005/97

........................................2004/102.......2003/89.........2002/67

Bloomington..................2009/42.........2008/15.........2007/10........2006/23.........2005/27

........................................2004/22.........2003/19.........2002/17

Colton.............................2009/71.........2008/33.........2007/21........2006/66.........2005/59

........................................2004/29.........2003/57.........2002/44

Fontana..........................2009/369......2008/247.......2007/98........2006/244.......2005/312

........................................2004/237.......2003/224.......2002/223

Grand Terrace..............2009/14.........2008/12.........2007/8..........2006/11..........2005/11

........................................2004/4...........2003/9...........2002/9

Highland........................2009/64.........2008/43.........2007/23........2006/65.........2005/73

........................................2004/60.........2003/70........2002/60

Loma Linda...................2009/14.........2008/14.........2007/11........2006/20.........2005/19

........................................2004/13.........2003/18.........2002/7

Mentone........................2009/16.........2008/7...........2007/3..........2006/9...........2005/12

........................................2004/11.........2003/11.........2002/7

Moreno Valley..............2009/403......2008/307......2007/103......2006/299.......2005/351

........................................2004/254......2003/209......2002/277

Redlands........................2009/53........2008/48........2007/58........2006/79..........2005/84

........................................2004/88........2003/82........2002/74

Rialto..............................2009/168......2008/73........2007/34........2006/116........2005/116

........................................2004/123......2003/119......2002/124

Riverside.......................2009/562......2008/388......2007/235.....2006/419........2005/490

........................................2004/436......2003/392......2002/412

San Bernardino.............2009/336......2008/174......2007/102.....2006/231........2005/247

........................................2004/242......2003/233......2002/232

Yucaipa/Calimesa........2009/47.........2008/54........2007/54.......2006/77..........2005/81

........................................2004/74.........2003/81........2002/59



Some observations. For the most part these numbers do not include sales of new construction. In 2009, there are some listings of builders unsold inventory.

Smaller communities such as Loma Linda and Grand Terrace show a remarkable consistency in the number of transactions.

Of the 14 communities that I track only 4 had fewer closed sales in June of 2009. The larger communities such as Fontana, Moreno Valley, Riverside and San Bernardino all had significantly higher closed transactions than in any previous year.

It will be interesting to see if these trends continue.