Recovery on the Upper End?

August 25, 2010


I researched some numbers for the closed sales in the $400,000+ price range. This was a price range that hit its peak volume in 2006. Since then sellers with properties listed over $400,000 have had to be super competitive if they wanted to attract buyers. Here are the number of closed transactions reported through the IMRMLS from January 1, 2010 to July 31, 2010.


Banning/Beaumont.......3


Bloomington...................0


Colton..............................6


Fontana..........................15


Grand Terrace..............0


Highland........................11


Loma Linda...................5


Mentone........................1


Moreno Valley..............0


Redlands.......................49


Rialto.............................0


Riverside......................170


San Bernardino............3


Yucaipa/Calimesa.......24


When we see these numbers increase, we will have seen the bottom