Listings, Pendings and Back-ups as of November 1, 2011

November 1, 2011


As usual I am posting the number of properties that are active or in escrow as reported through the CRMLS. Just as a point of interest, I calculate the ratio of properties in escrow(those with accepted purchase agreements) to the number of active listings. These ratios have improved throughout 2011 and are now better than 50 percent. This translates to at least half as many properties are in escrow as are available for sale. In five of the fourteen communities that I track, there are at least as many properties in escrow as their are being offered for sale.


Banning/Beaumont..........List/464.......Pending/186.......Back-up/101.......Ratio/.619


Bloomington......................List/59.........Pending/53.........Back-up/22.........Ratio/1.271


Colton.................................List/97.........Pending/95.........Back-up/33.........Ratio/1.320


Fontana..............................List/593.......Pending/525......Back-up/200.......Ratio/1.223


Grand Terrace...................List/41.........Pending/20.........Back-up/4............Ratio/.585


Highland............................List/149.......Pending/111........Back-up/52..........Ratio/1.094


Loma Linda.......................List/37.........Pending/32.........Back-up/16...........Ratio/1.297


Mentone............................List/34.........Pending/17.........Back-up/13...........Ratio/.882


Moreno Valley..................List/735.......Pending/481......Back-up/178.........Ratio/.897


Redlands...........................List/250.......Pending/97........Back-up/51............Ratio/.592


Rialto................................List/336........Pending/210......Back-up/51...........Ratio/.777


Riverside..........................List/1185......Pending/736......Back-up/392........Ratio/.952


San Bernardino...............List/657........Pending/418......Back-up/135........Ratio/.842


Yucaipa/Calimesa..........List/223........Pending/103......Back-up/63..........Ratio/.744


The "Back-up" category is used for accepted purchase agreements that have significant contingencies. The most usual contingency for properties reported as "Back-up" is the contingency on bank approval for the short sale. Usually a property listed as "Back-up" can continue to be shown and offers submitted to the seller who can accept them contingent on the cancellation of the previously accepted offer.


If you pay attention to the number of properties that are "Active", you can see that our area does not have a glut of properties on the market.