July 1, 2009 - Listings and Pendings Reported Through the MLS

July 1, 2009

2009 is now at the halfway mark. If the data that I have been tracking for the past 2 years is any indication, we have developed a fairly active real estate market, albeit in the bottom end of our price ranges. My data is from the IMRMLS and is only as accurate as the reports submitted to the IMRMLS by its member agents.

The following numbers are the active listings, the properties presently in escrow and the percentage of the pending sales to active listings.

Banning Beaumont............Acitive/562..........Pending/251...........Percentage/44.7%

Bloomington.......................Active/101...........Pending/93.............Percentage/92.1%

Colton..................................Active/133...........Pending/116...........Percentage/87.2%

Fontana...............................Active/618...........Pending/804..........Percentage/1.30.1%

Grand Terrace...................Active/20.............Pending/26............Percentage/1.3%

Highland.............................Active/181............Pending/123..........Percentage/68%

Loma Linda........................Active/67..............Pending/32............Percentage/47.8%

Mentone.............................Active/34..............Pending/14............Percentage/42.2%

Moreno Valley...................Active/652............Pending/856.........Percentage/1.313%

Redlands............................Active/254............Pending/124..........Percentage/48.8%

Rialto..................................Active/584............Pending/337..........Percentage/57.7%

Riverside............................Active/1185..........Pending/975..........Percentage/82.2%

San Bernardino.................Active/939............Pending/639..........Percentage/68.1%

Yucaupa/Calimesa...........Active/255............Pending/90............Percentage/35.3%



As you can note, some communities have more properties in escrow than they have active listings. Normally you would expect there to be more active listings, but this real estate market seems to follow its own trends. Since I was not tracking data in past recessionary markets, or for that matter in boom markets, I have no data to use to make a comparison. However, we started 2009 with the percentage of pendings to listings as low as 11% and as high as 49.9%, it is clear that buyers have reentered the market place.