Listing and Pending Statistics - August 1, 2009
August 3, 2009
As I continue to track the activity reported through the IMRMLS, I have little doubt that the real estate activity in the 14 communities that I follow has increased substantially.
Here are the number for the single family properties that are currently active on the market and pending (Accepted sales agreement).
Banning/Beaumont............Listings/541.........Pendings/261..........Ratio/.482
Bloomington........................Listings/89...........Pendings/86............Ratio/.966
Colton...................................Listings/124.........Pendings/101..........Ratio/.815
Fontana................................Listings/532........Pendings/762..........Ratio/1.432
Grand Terrace....................Listings/17...........Pendings/23............Ratio/1.353
Highland...............................Listings/170........Pendings/102..........Ratio/.60
Loma Linda..........................Listings/59..........Pendings/35............Ratio/.593
Mentone...............................Listings/24..........Pendings/12............Ratio/.50
Moreno Valley.....................Listings/593........Pendings/817..........Ratio/1.377
Redlands..............................Listings/221.........Pendings/116..........Ratio/.525
Rialto....................................Listings/505.........Pendings/323.........Ratio/.64
Riverside..............................Listings/1105.......Pendings/920........Ratio/.833
San Bernardino...................Listings/857.........Pendings/595.........Ratio/.694
Yucaipa/Calimesa..............Listings/246.........Pendings/91............Ratio/.37
It is interesting to note that the ratios of pendings to listings range from 1.432 in Fontana to a low of .37 in Yucaipa/Calimesa. On August 1 of 2008 the ratios ranged from a high of.43 in Moreno Valley to a low of .161 in Yucaipa/Calimesa. The other interesting datum is that the number of active listings on August 1, 2009 in most communities is half the number that were active on August 1, 2008. This reduced number of active listings has created frustration among potential buyers as they find themselves in a bidding competition with other buyers. This bidding competition has created an interesting phenomenon which I will address in tomorrow's blog.
As I continue to track the activity reported through the IMRMLS, I have little doubt that the real estate activity in the 14 communities that I follow has increased substantially.
Here are the number for the single family properties that are currently active on the market and pending (Accepted sales agreement).
Banning/Beaumont............Listings/541.........Pendings/261..........Ratio/.482
Bloomington........................Listings/89...........Pendings/86............Ratio/.966
Colton...................................Listings/124.........Pendings/101..........Ratio/.815
Fontana................................Listings/532........Pendings/762..........Ratio/1.432
Grand Terrace....................Listings/17...........Pendings/23............Ratio/1.353
Highland...............................Listings/170........Pendings/102..........Ratio/.60
Loma Linda..........................Listings/59..........Pendings/35............Ratio/.593
Mentone...............................Listings/24..........Pendings/12............Ratio/.50
Moreno Valley.....................Listings/593........Pendings/817..........Ratio/1.377
Redlands..............................Listings/221.........Pendings/116..........Ratio/.525
Rialto....................................Listings/505.........Pendings/323.........Ratio/.64
Riverside..............................Listings/1105.......Pendings/920........Ratio/.833
San Bernardino...................Listings/857.........Pendings/595.........Ratio/.694
Yucaipa/Calimesa..............Listings/246.........Pendings/91............Ratio/.37
It is interesting to note that the ratios of pendings to listings range from 1.432 in Fontana to a low of .37 in Yucaipa/Calimesa. On August 1 of 2008 the ratios ranged from a high of.43 in Moreno Valley to a low of .161 in Yucaipa/Calimesa. The other interesting datum is that the number of active listings on August 1, 2009 in most communities is half the number that were active on August 1, 2008. This reduced number of active listings has created frustration among potential buyers as they find themselves in a bidding competition with other buyers. This bidding competition has created an interesting phenomenon which I will address in tomorrow's blog.
posted by shirley harry at 10:05 AM
0 Comments:
Post a Comment
<< Home