Starting 2010 - Listing and Pending Statistics from IMRMLS
January 4, 2010
The second decade of the 21st century has begun. With any luck, the stabilizing that we experienced in the last quarter of 2009 will continue. I will continue to track the numbers for the listings, pendings, short sales and foreclosure in the expectation that trends will emerge.
So, here are the numbers for active listings and for those that have entered escrow. Due to the IMRMLS rules for reporting transactions, I will be tracking the "back-up" category. These are properties that have accepted offers, but usually have a significant contingency that could influence the completion of the sale. Many of these contingencies have to do with lender approval of the selling price of a "short sale".
Banning/Beaumont.........Listings/436......Pendings/221......Back-up/86......Ratio/.704
Bloomington.....................Listings/61.........Pendings/61........Back-up/15.......Ratio/1.246
Colton................................Listings/127........Pendings/94.......Back-up/23......Ratio/.929
Fontana.............................Listings/461........Pendings/543.....Back-up/200...Ratio/1.611
Grand Terrace..................Listings/20.........Pendings/11.........Back-up/5........Ratio/.800
Highland...........................Listings/150........Pendings/83.......Back-up/30......Ratio/.753
Loma Linda......................Listings/53..........Pendings/31........Back-up/15.......Ratio/.868
Mentone...........................Listings/22..........Pendings/12........Back-up/2.........Ratio/.636
Moreno Valley.................Listings/560.......Pendings/629.....Back-up/202.....Ratio/1.484
Redlands..........................Listings/207........Pendings/90.......Back-up/43.......Ratio/.643
Rialto................................Listings/239........Pendings/266.....Back-up/55.......Ratio/1.343
Riverside..........................Listings/1040......Pendings/769.....Back-up/247.....Ratio/.977
San Bernardino...............Listings/638........Pendings/472.....Back-up/104......Ratio/.903
Yucaipa/Calimesa...........Listings/242........Pendings/85.......Back-up/44........Ratio/.533
In several of the communities a quarter to one half of the active listings are short sales. The same seems to be true of the pendings/back-ups. Another quarter are bank owned. It will be interesting to watch this data for any changes in the proportions.
The second decade of the 21st century has begun. With any luck, the stabilizing that we experienced in the last quarter of 2009 will continue. I will continue to track the numbers for the listings, pendings, short sales and foreclosure in the expectation that trends will emerge.
So, here are the numbers for active listings and for those that have entered escrow. Due to the IMRMLS rules for reporting transactions, I will be tracking the "back-up" category. These are properties that have accepted offers, but usually have a significant contingency that could influence the completion of the sale. Many of these contingencies have to do with lender approval of the selling price of a "short sale".
Banning/Beaumont.........Listings/436......Pendings/221......Back-up/86......Ratio/.704
Bloomington.....................Listings/61.........Pendings/61........Back-up/15.......Ratio/1.246
Colton................................Listings/127........Pendings/94.......Back-up/23......Ratio/.929
Fontana.............................Listings/461........Pendings/543.....Back-up/200...Ratio/1.611
Grand Terrace..................Listings/20.........Pendings/11.........Back-up/5........Ratio/.800
Highland...........................Listings/150........Pendings/83.......Back-up/30......Ratio/.753
Loma Linda......................Listings/53..........Pendings/31........Back-up/15.......Ratio/.868
Mentone...........................Listings/22..........Pendings/12........Back-up/2.........Ratio/.636
Moreno Valley.................Listings/560.......Pendings/629.....Back-up/202.....Ratio/1.484
Redlands..........................Listings/207........Pendings/90.......Back-up/43.......Ratio/.643
Rialto................................Listings/239........Pendings/266.....Back-up/55.......Ratio/1.343
Riverside..........................Listings/1040......Pendings/769.....Back-up/247.....Ratio/.977
San Bernardino...............Listings/638........Pendings/472.....Back-up/104......Ratio/.903
Yucaipa/Calimesa...........Listings/242........Pendings/85.......Back-up/44........Ratio/.533
In several of the communities a quarter to one half of the active listings are short sales. The same seems to be true of the pendings/back-ups. Another quarter are bank owned. It will be interesting to watch this data for any changes in the proportions.
posted by shirley harry at 8:13 AM
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