The Over $400,000 Market

September 15, 2011


Several months ago I began tracking the number of properties reported as sold for a price over $400,000. I chose to follow this statistic because it was clear that the upper end of our region's real estate market was severely hit by the recession . Many properties that in 2004, 2005 and 2006 that had sold above $400,000 were now selling as short sales, often for a third less. Riverside, Redlands, Yucaipa and to some degree, Fontana, are showing some increase in sales in this over $400,000 market. Here are the numbers.


Banning/Beaumont............Jan/0......Feb/0......Mar/0.....Apr/1.....May/0


.............................................June/0......July/1....Aug/1


Bloomington.......................Jan/0.......Feb/0......Mar/0.....Apr/0....May/0


............................................June/1.......July/0.....Aug/1


Colton.................................Jan/0........Feb/0.....Mar/0......Apr/0....May/0


...........................................June/0.......July/0....Aug/1


Fontana..............................Jan/3........Feb/2......Mar/4.....Apr/4.....May/0


...........................................June/4.......July/3.....Aug/1


Grand Terrace..................Jan/0.........Feb/0......Mar/0.....Apr/0.....May/0


..........................................June/0.......July/0......Aug/0


Highland............................Jan/0.......Feb/2.......Mar/0.....Apr/0.....May/0


...........................................June/1......July/2.......Aug/1


Loma Linda.......................Jan/0.......Feb/0.......Mar/0.....Apr/1......May/0


...........................................June/0......July/0......Aug/0


Mentone............................Jan/0.......Feb/0........Mar/0....Apr/0......May/0


...........................................June/0.....July/0.......Aug/0


Moreno Valley..................Jan/0........Feb/0........Mar/0.....Apr/0.....May/0


..........................................June/1.......July/0.......Aug/0


Redlands...........................Jan/6.........Feb/6.......Mar/5.....Apr/7......May/8


..........................................June/8.......July/4.......Aug/11


Rialto................................Jan/0.........Feb/0........Mar/0....Apr/0......May/0


..........................................June/0.......July/0.......Aug/0


Riverside...........................Jan/11.......Feb/10.......Mar/16...Apr/22....May/18


..........................................June/24.....July/20.....Aug/25


San Bernradino................Jan/2........Feb/0.........Mar/1.....Apr/0......May/0


..........................................June/0.......July/0........Aug/0


Yucaipa/Calimesa...........Jan/2.........Feb/2.........Mar/3.....Apr/7......May/4


..........................................June/4.......July/1.........Aug/6


Totals for the fourteen areas I track are as follows:


Jan/24....Feb/22....Mar/29....Apr/42....May/30....June/42....July/28.....Aug/47


No real up/down trends, but signs of life.