Is The High End of Our Market Improving?

September 17, 2009

Since May of this year I have been tracking the number of sales reported through the MRMLS over the $400,000 price point. It does seem that the numbers are quite close to the number of transactions in that price point in 2003. It is encouraging to see buyers and lenders coming back into the real estate market in ways other than chasing the bank-owned properties. There are some wonderful values in the upper end of the marketplace and hopefully those who are looking to upgrade their housing will recognize the opportunities.

Here are the numbers for over $400,000 transactions for the month of August.

Banning/Beaumont.......2009/0.......2008/1........2007/6........2006/10.........2005/9..........2004/3

..........................................2003/1........2002/1

Bloomington...................2009/0........2008/0.......2007/2.........2006/8..........2005/4...........2004/1

..........................................2003/0........2002/0

Colton..............................2009/0........2008/1........2007/6.........2006/10........2005/4...........2004/1

..........................................2003/2........2002/0

Fontana...........................2009/6........2008/12......2007/41.......2006/139......2005/136.......2004/43

..........................................2003/1........2002/0

Grand Terrace................2009/0........2008/0.......2007/3.........2006/1...........2005/5...........2004/0

..........................................2003/1........2002/0

Highland.........................2009/3........2008/2.......2007/4.........2006/22........2005/30.........2004/12

..........................................2003/1........2002/1

Loma Linda....................2009/0........2008/2.......2007/5.........2006/9..........2005/9...........2004/5

.........................................2003/1.........2002/0

Mentone.........................2009/0........2008/0.......2007/1.........2006/0..........2005/0...........2004/1

.........................................2003/0........2002/0

Moreno Valley...............2009/0........2008/1.......2007/17.......2006/99........2005/75.........2004/9

.........................................2003/0........2002/0

Redlands........................2009/13.......2008/11.....2007/25......2006/39........2005/31.........2004/24

.........................................2003/11.......2002/6

Rialto..............................2009/0........2008/0......2007/4.........2006/29.......2005/24.........2004/5

.........................................2003/0........2002/0

Riverside........................2009/41......2008/47.....2007/70......2006/229.....2005/238......2004/101

.........................................2003/36.....2002/22

San Bernardino.............2009/0.......2008/1........2007/10......2006/31.......2005/19..........2004/5

.........................................2003/1........2002/0

Yucaipa/Calimesa.........2009/4.......2008/5.......2007/14.......2006/37......2005/33..........2004/18

.........................................2003/3.......2002/4