A Look at 2009 January to June Transactions
July 8, 2009
It has been interesting to me to follow the numbers for closed real estate transactions reported through the IMRMLS for 14 different communities in the Inland Empire. When I began tracking sales in 2007, my hope was that the numbers would reflect when, or if, a bottom in the market decline had been reached. To the extent that volume is an indicator, the number of sales have clearly increased. The number that is probably necessary for determining a true change in the market direction is the median price of properties sold. Up until now, it has continued to decline.
In addition to the total number of units reported sold through the IMRMLS, I am including the number of those transactions reported a selling price over $400,000 as the upper end of the market has yet to recover.
Banning/Beaumont.......2009/744.......2008/469........2007/351........2006/530........2005/529
.........................................2004/514.......2003/411.........2002/245
Over $400,000.............2009/4...........2008/19...........2007/46..........2006/103........2005/40
.........................................2004/26.........2003/4.............2002/3
Bloomington...................2009/197.......2008/51...........2007/45..........2006/138........2005/118
.........................................2004/110.......2002/131.........2002/76
Over $400,000.............2009/0...........2008/3.............2007/12.........2006/44...........2005/12
.........................................2004/0...........2003/1.............2002/0
Colton..............................2009/376.......2008/124........2007/138.......2006/299.........2005/266
.........................................2004/199.......2003/269........2002/151
Over $400,000.............2009/2...........2008/7.............2007/22.........2006/40...........2005/11
.........................................2004/5...........2003/2.............2002/0
Fontana..........................2009/2156.....2008/827.........2007/660......2006/1359.......2005/1541
........................................2004/1236.....2003/1295.......2002/839
Over $400,000............2009/16..........2008/79...........2007/377.......2006/738.........2005/479
........................................2004/121........2003/3.............2002/0
Grand Terrace..............2009/54.........2008/40...........2007/35........2006/54...........2005/50
........................................2004/49.........2003/45...........2002/30
Over $400,000............2009/1............2008/1.............2007/15........2006/21............2005/9
........................................2004/2............2003/1.............2002/1
Highland........................2009/375........2008/188........2007/200.....2006/362.........2005/414
........................................2004/347........2003/408.......2002/231
Over $400,000............2009/18..........2008/24..........2007/73........2006/116.........2005/99
........................................2004/32..........2003/11..........2002/2
Loma Linda...................2009/72..........2008/64..........2007/75........2006/86..........2005/87
........................................2004/74..........2003/75..........2002/43
Over $400,000............2009/8............2008/14..........2007/42.......2006/42...........2005/32
........................................2004/17..........2003/6............2002/0
Mentone........................2009/53..........2008/46.........2007/32.......2006/48...........2005/49
........................................2004/46..........2003/33.........2002/30
Over $400,000............2009/0............2008/13.........2007/7.........2006/8.............2005/5
........................................2004/0............2003/0...........2002/0
Moreno Valley..............2009/2497......2008/1204.....2007/620...2006/1681.......2005/1437
........................................2004/1437......2003/1287......2002/935
Over $400,000............2009/3............2008/21..........2007/170....2006/551........2005/223
........................................2004/36..........2003/5............2002/1
Redlands........................2009/306.......2008/242........2007/313....2006/381.......2005/465
........................................2004/430.......2003/437........2002/272
Over $400,000............2009/45.........2008/76...........2007/157....2006/178........2005/163
........................................2004/101.......2003/61...........2002/24
Rialto..............................2009/871.......2008/309........2007/266....2006/601.......2005/681
........................................2004/600......2003/625........2002/407
Over $400,000............2009/0...........2008/2............2007/78.......2006/179........2005/63
........................................2004/1...........2003/0............2002/0
Riverside.......................2009/2892.....2008/1476.....2007/1388...2006/2377......2005/2420
........................................2004/2183.....2003/2098....2002/1447
Over $400,000............2009/142.......2008/270.......2007/716.....2006/1376.......2005/871
........................................2004/446.......2003/88.........2002/37
San Bernardino............2009/1979......2008/700.......2007/668.....2006/1358......2005/1261
.......................................2004/1282......2003/1346.....2002/825
Over $400,000...........2009/4............2008/18..........2007/91.......2006/126........2005/49
.......................................2004/11..........2003/8............2002/1
Yucaipa/Calimesa.......2009/308.......2008/263........2007/265.....2006/345.......2005/395
.......................................2004/406.......2003/362........2002/243
Over $400,000...........2009/22.........2008/40..........2007/112......2006/126.......2005/103
.......................................2002/51.........2003/18..........2002/8
There you have it. During the peak year of 2005. the price of homes had risen significantly which led to the increase of sales over $400,000. As you can see, that price point has yet to return. What is driving the present market are home being sold under $300,000.
It has been interesting to me to follow the numbers for closed real estate transactions reported through the IMRMLS for 14 different communities in the Inland Empire. When I began tracking sales in 2007, my hope was that the numbers would reflect when, or if, a bottom in the market decline had been reached. To the extent that volume is an indicator, the number of sales have clearly increased. The number that is probably necessary for determining a true change in the market direction is the median price of properties sold. Up until now, it has continued to decline.
In addition to the total number of units reported sold through the IMRMLS, I am including the number of those transactions reported a selling price over $400,000 as the upper end of the market has yet to recover.
Banning/Beaumont.......2009/744.......2008/469........2007/351........2006/530........2005/529
.........................................2004/514.......2003/411.........2002/245
Over $400,000.............2009/4...........2008/19...........2007/46..........2006/103........2005/40
.........................................2004/26.........2003/4.............2002/3
Bloomington...................2009/197.......2008/51...........2007/45..........2006/138........2005/118
.........................................2004/110.......2002/131.........2002/76
Over $400,000.............2009/0...........2008/3.............2007/12.........2006/44...........2005/12
.........................................2004/0...........2003/1.............2002/0
Colton..............................2009/376.......2008/124........2007/138.......2006/299.........2005/266
.........................................2004/199.......2003/269........2002/151
Over $400,000.............2009/2...........2008/7.............2007/22.........2006/40...........2005/11
.........................................2004/5...........2003/2.............2002/0
Fontana..........................2009/2156.....2008/827.........2007/660......2006/1359.......2005/1541
........................................2004/1236.....2003/1295.......2002/839
Over $400,000............2009/16..........2008/79...........2007/377.......2006/738.........2005/479
........................................2004/121........2003/3.............2002/0
Grand Terrace..............2009/54.........2008/40...........2007/35........2006/54...........2005/50
........................................2004/49.........2003/45...........2002/30
Over $400,000............2009/1............2008/1.............2007/15........2006/21............2005/9
........................................2004/2............2003/1.............2002/1
Highland........................2009/375........2008/188........2007/200.....2006/362.........2005/414
........................................2004/347........2003/408.......2002/231
Over $400,000............2009/18..........2008/24..........2007/73........2006/116.........2005/99
........................................2004/32..........2003/11..........2002/2
Loma Linda...................2009/72..........2008/64..........2007/75........2006/86..........2005/87
........................................2004/74..........2003/75..........2002/43
Over $400,000............2009/8............2008/14..........2007/42.......2006/42...........2005/32
........................................2004/17..........2003/6............2002/0
Mentone........................2009/53..........2008/46.........2007/32.......2006/48...........2005/49
........................................2004/46..........2003/33.........2002/30
Over $400,000............2009/0............2008/13.........2007/7.........2006/8.............2005/5
........................................2004/0............2003/0...........2002/0
Moreno Valley..............2009/2497......2008/1204.....2007/620...2006/1681.......2005/1437
........................................2004/1437......2003/1287......2002/935
Over $400,000............2009/3............2008/21..........2007/170....2006/551........2005/223
........................................2004/36..........2003/5............2002/1
Redlands........................2009/306.......2008/242........2007/313....2006/381.......2005/465
........................................2004/430.......2003/437........2002/272
Over $400,000............2009/45.........2008/76...........2007/157....2006/178........2005/163
........................................2004/101.......2003/61...........2002/24
Rialto..............................2009/871.......2008/309........2007/266....2006/601.......2005/681
........................................2004/600......2003/625........2002/407
Over $400,000............2009/0...........2008/2............2007/78.......2006/179........2005/63
........................................2004/1...........2003/0............2002/0
Riverside.......................2009/2892.....2008/1476.....2007/1388...2006/2377......2005/2420
........................................2004/2183.....2003/2098....2002/1447
Over $400,000............2009/142.......2008/270.......2007/716.....2006/1376.......2005/871
........................................2004/446.......2003/88.........2002/37
San Bernardino............2009/1979......2008/700.......2007/668.....2006/1358......2005/1261
.......................................2004/1282......2003/1346.....2002/825
Over $400,000...........2009/4............2008/18..........2007/91.......2006/126........2005/49
.......................................2004/11..........2003/8............2002/1
Yucaipa/Calimesa.......2009/308.......2008/263........2007/265.....2006/345.......2005/395
.......................................2004/406.......2003/362........2002/243
Over $400,000...........2009/22.........2008/40..........2007/112......2006/126.......2005/103
.......................................2002/51.........2003/18..........2002/8
There you have it. During the peak year of 2005. the price of homes had risen significantly which led to the increase of sales over $400,000. As you can see, that price point has yet to return. What is driving the present market are home being sold under $300,000.
posted by shirley harry at 8:23 AM
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