Closed Transactions January 2003-2010
February 8, 2010
The first month of a new year and a new decade is now history. From the numbers of the closed transaction for the past eight years, it seems that January closed transactions were at a level consistent with typical January numbers. The years 2008 and 2009 indicate the period of adjustment after the wild ride of 2005-2007.
I am uses data taken from the closed sales reported through the IMRMLS for the fourteen communities that I follow.
Banning/Beaumont........2010/113........2009/109........2008/46........2007/59
..........................................2006/61..........2005/68..........2004/73........2003/61
Bloomington....................2010/20..........2009/30..........2008/6..........2007/6
..........................................2006/14..........2005/12...........2004/12.......2003/24
Colton...............................2010/48..........2009/47...........2008/14.......2007/28
..........................................2006/34..........2005/33...........2004/30......2003/52
Fontana...........................2010/223.........2009/327........2008/59.......2007/139
.........................................2006/171..........2005/186........2004/178.....2003/197
Grand Terrace...............2010/5..............2009/8............2008/3.........2007/7
.........................................2006/8..............2005/6............2004/11........2003/9
Highland.........................2010/51............2009/56..........2008/16........2007/36
.........................................2006/45...........2005/53..........2004/54........2003/61
Loma Linda....................2010/15............2009/15..........2008/3..........2007/13
.........................................2006/8.............2005/18...........2004/7..........2003/10
Mentone.........................2010/8.............2009/6.............2008/4..........2007/7
........................................2006/8..............2005/6.............2004/5..........2003/1
Moreno Valley..............2010/270..........2009/370........2008/119.......2007/109
........................................2006/226.........2005/214.........2004/203......2003/198
Redlands........................2010/43...........2009/54...........2008/31.........2007/41
........................................2006/41...........2005/63...........2004/56.........2003/71
Rialto.............................2010/103..........2009/137.........2008/31.........2007/48
.......................................2006/73............2005/98...........2004/90.........2003/105
Riverside......................2010/334..........2009/402........2008/143........2007/213
.......................................2006/293.........2005/316.........2004/308.......2003/305
San Bernardino............2010/214.........2009/309.........2008/74.........2007/130
.......................................2006/203.........2005/151.........2004/202.......2003/193
Yucaipa/Calimesa.......2010/41............2009/54...........2008/32.........2007/37
.......................................2006/47...........2005/32...........2004/56..........2003/52
There you are. I do not know that the numbers will tell us when the market is strengthening. It seems clear after the fact that the numbers could have told us that the market was weakening. The numbers also seem to show that after the big decline in prices, there was plenty of pent-up demand that made the number of transactions soar in the larger communities. In a community such as Redlands where there is a great deal of inventory priced over the $400,000 mark, you do not seem to see the huge decline in volume nor the huge increase in volume.
It will be interesting to track the monthly median prices for the next several months.
The first month of a new year and a new decade is now history. From the numbers of the closed transaction for the past eight years, it seems that January closed transactions were at a level consistent with typical January numbers. The years 2008 and 2009 indicate the period of adjustment after the wild ride of 2005-2007.
I am uses data taken from the closed sales reported through the IMRMLS for the fourteen communities that I follow.
Banning/Beaumont........2010/113........2009/109........2008/46........2007/59
..........................................2006/61..........2005/68..........2004/73........2003/61
Bloomington....................2010/20..........2009/30..........2008/6..........2007/6
..........................................2006/14..........2005/12...........2004/12.......2003/24
Colton...............................2010/48..........2009/47...........2008/14.......2007/28
..........................................2006/34..........2005/33...........2004/30......2003/52
Fontana...........................2010/223.........2009/327........2008/59.......2007/139
.........................................2006/171..........2005/186........2004/178.....2003/197
Grand Terrace...............2010/5..............2009/8............2008/3.........2007/7
.........................................2006/8..............2005/6............2004/11........2003/9
Highland.........................2010/51............2009/56..........2008/16........2007/36
.........................................2006/45...........2005/53..........2004/54........2003/61
Loma Linda....................2010/15............2009/15..........2008/3..........2007/13
.........................................2006/8.............2005/18...........2004/7..........2003/10
Mentone.........................2010/8.............2009/6.............2008/4..........2007/7
........................................2006/8..............2005/6.............2004/5..........2003/1
Moreno Valley..............2010/270..........2009/370........2008/119.......2007/109
........................................2006/226.........2005/214.........2004/203......2003/198
Redlands........................2010/43...........2009/54...........2008/31.........2007/41
........................................2006/41...........2005/63...........2004/56.........2003/71
Rialto.............................2010/103..........2009/137.........2008/31.........2007/48
.......................................2006/73............2005/98...........2004/90.........2003/105
Riverside......................2010/334..........2009/402........2008/143........2007/213
.......................................2006/293.........2005/316.........2004/308.......2003/305
San Bernardino............2010/214.........2009/309.........2008/74.........2007/130
.......................................2006/203.........2005/151.........2004/202.......2003/193
Yucaipa/Calimesa.......2010/41............2009/54...........2008/32.........2007/37
.......................................2006/47...........2005/32...........2004/56..........2003/52
There you are. I do not know that the numbers will tell us when the market is strengthening. It seems clear after the fact that the numbers could have told us that the market was weakening. The numbers also seem to show that after the big decline in prices, there was plenty of pent-up demand that made the number of transactions soar in the larger communities. In a community such as Redlands where there is a great deal of inventory priced over the $400,000 mark, you do not seem to see the huge decline in volume nor the huge increase in volume.
It will be interesting to track the monthly median prices for the next several months.
posted by shirley harry at 7:54 AM
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