As September 2009 Begins - Listings/Pendings
September 1, 2009
The real estate market as reflected in the data published through the IMRMLS continues to be very active. Listing numbers have declined substantially and the number of properties with sales pending has increased. In fact, real estate agents and buyers are now frustrated that the inventory is so limited that there are multiple buyers for any property that is perceived as priced right for its location and amenities.
Here are the numbers.
Banning/Beaumont...........Listings/501..........Pendings/273..........Ratio/.545
Bloomington.......................Listings/60............Pendings/92............Ratio/1.533
Colton..................................Listings/124...........Pendings/88...........Ratio/.71
Fontana...............................Listings/465...........Pendings/708.........Ratio/1.523
Grand Terrace....................Listings/22.............Pendings/25............Ratio/1.136
Highland.............................Listings/170...........Pendings/109..........Ratio/.641
Loma Linda........................Listings/60.............Pendings/28............Ratio/.467
Mentone.............................Listings/22.............Pendings/14.............Ratio/.636
Moreno Valley...................Listings/531...........Pendings/764...........Ratio/1.439
Redlands............................Listings/224...........Pendings/102...........Ratio/.455
Rialto..................................Listings/246...........Pendings/294..........Ratio/1.195
Riverside............................Listings/1056.........Pendings/912...........Ratio/.864
San Bernardino.................Listings/787...........Pendings/550..........Ratio/.699
Yucaipa/Calimesa............Listings/218............Pendings/100..........Ratio/.459
These numbers do not take into consideration the properties that are reported in the "Back-up" category. The "Back-up" category is for properties that have an accepted offer but have a contingency that could cause the transaction to be cancelled.
If you are interested in where we were September 1, 2008, you can check my post of September 2, 2008. At that time the ratios ranged from .18 to .47. We have come along way in the past 12 months.
The real estate market as reflected in the data published through the IMRMLS continues to be very active. Listing numbers have declined substantially and the number of properties with sales pending has increased. In fact, real estate agents and buyers are now frustrated that the inventory is so limited that there are multiple buyers for any property that is perceived as priced right for its location and amenities.
Here are the numbers.
Banning/Beaumont...........Listings/501..........Pendings/273..........Ratio/.545
Bloomington.......................Listings/60............Pendings/92............Ratio/1.533
Colton..................................Listings/124...........Pendings/88...........Ratio/.71
Fontana...............................Listings/465...........Pendings/708.........Ratio/1.523
Grand Terrace....................Listings/22.............Pendings/25............Ratio/1.136
Highland.............................Listings/170...........Pendings/109..........Ratio/.641
Loma Linda........................Listings/60.............Pendings/28............Ratio/.467
Mentone.............................Listings/22.............Pendings/14.............Ratio/.636
Moreno Valley...................Listings/531...........Pendings/764...........Ratio/1.439
Redlands............................Listings/224...........Pendings/102...........Ratio/.455
Rialto..................................Listings/246...........Pendings/294..........Ratio/1.195
Riverside............................Listings/1056.........Pendings/912...........Ratio/.864
San Bernardino.................Listings/787...........Pendings/550..........Ratio/.699
Yucaipa/Calimesa............Listings/218............Pendings/100..........Ratio/.459
These numbers do not take into consideration the properties that are reported in the "Back-up" category. The "Back-up" category is for properties that have an accepted offer but have a contingency that could cause the transaction to be cancelled.
If you are interested in where we were September 1, 2008, you can check my post of September 2, 2008. At that time the ratios ranged from .18 to .47. We have come along way in the past 12 months.
posted by shirley harry at 8:44 AM
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