The Over $400,000 Market

March 2, 2011

I was asked yesterday about how the high end of the real estate market was doing. If you define "high end" in our Inland Empire real estate market as properties listed for $400,00 or more,here are the numbers as reported though the CRMLS.

Banning/Beaumont......List/13.....Pend/1......Backup/2......Ratio/.231

Bloomington.................List/4.......Pend/0.....Backup/0......Ratio/.000

Colton............................List/3.......Pend/1......Backup/0......Ratio/.333

Fontana.........................List/18.....Pend/7......Backup/1.......Ratio/.444

Grand Terrace..............List/0......Pend/0......Backup/0......Ratio/.000

Highland.......................List/8......Pend/0......Backup/0......Ratio/.000

Loma Linda..................List/5.......Pend/1......Backup/0......Ratio/.200

Mentone.......................List/0.......Pend/0.....Backup/0......Ratio/.000

Moreno Valley.............List/11.......Pend/0.....Backup/0......Ratio/.000

Redlands......................List/75......Pend/11....Backup/5......Ratio/.213

Rialto...........................List/1........Pend/0......Backup/0.....Ratio/.000

Riverside.....................List/137....Pend/38....Backup/22....Ratio/.438

San Bernardino..........List/21......Pend/1.......Backup/0......Ratio/.o48

Yucaipa/Calimesa.....List/46......Pend/5......Backup/4.......Ratio/.196

This is the first time that I have posted these numbers. Clearly this is the segment of the market that needs to recover.