April 1, 2010 - Listing and Pending Statistics
April 1, 2010
As is my custom, I check the numbers of properties listed, reported pending or in a back-up position in the IMRMLS.
The back-up category is often used when an offer has been accepted, but there are some contingencies that need to be removed. One contingency in today's real estate market that puts properties into the back-up category is the contingency for lender approval of a short sale. These properties often remain in the back-up category for months. Generally they are no longer available although the seller would consider accepting an offer as a back-up just in case the offer submitted to the lender does not continue to a closed transaction. Sometimes the buyer will withdraw the offer prior to lender acceptance and sometimes the lender will reject the submitted offer.
In any event, here are the statistics as of April 1, 2010. The second ratio number includes the back-up transactions.
Banning/Beaumont...........Listing/478.........Pending/249.........Back-up/119.........Ratio/.521/.77
Bloomington.......................Listing/66...........Pending/86...........Back-up/22...........Ratio/1.30/1.35
Colton..................................Listing/133.........Pending/110.........Back-up/36...........Ratio/.827/1.10
Fontana...............................Listing/492........Pending/641.........Back-up/226.........Ratio/1.30/1.64
Grand Terrace...................Listing/31...........Pending/10...........Back-up/7.............Ratio/.323/.548
Highland.............................Listing/158.........Pending/106.........Back-up/37...........Ratio/.671/.905
Loma Linda........................Lisitng/49...........Pending/42...........Back-up/23...........Ratio/.857/1.33
Mentone.............................Listing/34...........Pending/11............Back-up/3.............Ratio/.324/.412
Moreno Valley...................Listing/528.........Pending/687.........Back-up/272.........Ratio/1.30/1.82
Redlands............................Listing/295.........Pending/101..........Back-up/55..........Ratio/.342/.529
Rialto..................................Listing/222.........Pending/315..........Back-up/79..........Ratio/1.42/1.78
Riverside...........................Listing/1075.......Pending/895..........Back-up/370........Ratio/.786/1.78
San Bernardino................Listing/703..........Pending/552.........Back-up/145.........Ratio/.785/.991
Yucaipa/Calimesa...........Listing/239..........Pending/107..........Back-up/72...........Ratio/.448/.749
The ratio clearly show a much more active market than just one year ago.
As is my custom, I check the numbers of properties listed, reported pending or in a back-up position in the IMRMLS.
The back-up category is often used when an offer has been accepted, but there are some contingencies that need to be removed. One contingency in today's real estate market that puts properties into the back-up category is the contingency for lender approval of a short sale. These properties often remain in the back-up category for months. Generally they are no longer available although the seller would consider accepting an offer as a back-up just in case the offer submitted to the lender does not continue to a closed transaction. Sometimes the buyer will withdraw the offer prior to lender acceptance and sometimes the lender will reject the submitted offer.
In any event, here are the statistics as of April 1, 2010. The second ratio number includes the back-up transactions.
Banning/Beaumont...........Listing/478.........Pending/249.........Back-up/119.........Ratio/.521/.77
Bloomington.......................Listing/66...........Pending/86...........Back-up/22...........Ratio/1.30/1.35
Colton..................................Listing/133.........Pending/110.........Back-up/36...........Ratio/.827/1.10
Fontana...............................Listing/492........Pending/641.........Back-up/226.........Ratio/1.30/1.64
Grand Terrace...................Listing/31...........Pending/10...........Back-up/7.............Ratio/.323/.548
Highland.............................Listing/158.........Pending/106.........Back-up/37...........Ratio/.671/.905
Loma Linda........................Lisitng/49...........Pending/42...........Back-up/23...........Ratio/.857/1.33
Mentone.............................Listing/34...........Pending/11............Back-up/3.............Ratio/.324/.412
Moreno Valley...................Listing/528.........Pending/687.........Back-up/272.........Ratio/1.30/1.82
Redlands............................Listing/295.........Pending/101..........Back-up/55..........Ratio/.342/.529
Rialto..................................Listing/222.........Pending/315..........Back-up/79..........Ratio/1.42/1.78
Riverside...........................Listing/1075.......Pending/895..........Back-up/370........Ratio/.786/1.78
San Bernardino................Listing/703..........Pending/552.........Back-up/145.........Ratio/.785/.991
Yucaipa/Calimesa...........Listing/239..........Pending/107..........Back-up/72...........Ratio/.448/.749
The ratio clearly show a much more active market than just one year ago.
posted by shirley harry at 8:59 AM
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