How Many Closed Transactions Over $400,000?

January 12, 2012
Here are the last of the numbers that I have been tracking as I follow our Inland Southern California real estate market. Back in 2006 several of the fourteen communities that I follow had median prices of $400,000 plus. Now median prices are mostly in the $200,000 range with very few single family home sales with a $400,000 or better reported selling price. Just for the record, here are the numbers for the twelve months of 2011.
Banning/Beaumont..............Jan/0......Feb/0......Mar/0......Apr/1......May/0......June/0
................................................July/1......Aug/1......Sept/0......Oct/0......Nov/0.......Dec/0
Bloomington..........................Jan/0.....Feb/0.......Mar/0.....Apr/0......May/0......June/0
................................................July/0.....Aug/0......Sept/0.....Oct/0.......Nov/0.......Dec/0
Colton....................................Jan/0......Feb/0......Mar/0......Apr/0.......May/0......June/0
...............................................July/0......Aug/1.....Sept/0......Oct/0........Nov/1........Dec/0
Fontana.................................Jan/3......Feb/2......Mar/4......Apr/3........May/0......June/4
...............................................July/3......Aug/1.....Sept/5......Oct/3.........Nov/0......Dec/0
Grand Terrace......................Jan/0......Feb/0.....Mar/0......Apr/0.........May/0.....June/0
...............................................July/0......Aug/0....Sept/0......Oct/1..........Nov/0......Dec/0
Highland...............................Jan/0......Feb/2.....Mar/0......Apr/0.........May/0......June/1
...............................................July/2......Aug/1....Sept/2......Oct/0..........Nov/0.......Dec/1
Loma Linda..........................Jan/0.......Feb/0....Mar/0......Apr/1..........May/0......June/0
..............................................July/0.......Aug/0...Sept/0......Oct/0..........Nov/1........Dec/4
Mentone...............................Jan/0.......Feb/0....Mar/0......Apr/0..........May/0......June/0
..............................................July/0.......Aug/0...Sept/0......Oct/0..........Nov/0........Dec/0
Moreno Valley.....................Jan/0.......Feb/0....Mar/0......Apr/0..........May/0......June/1
..............................................July/0.......Aug/0...Sept/0......Oct/0..........Nov/0........Dec/0
Redlands..............................Jan/7........Feb/6....Mar/5......Apr/7..........May/8.......June/8
..............................................July/4.......Aug/11...Sept/3.....Oct/6..........Nov/4........Dec/2
Rialto....................................Jan/0.......Feb/0.....Mar/0.....Apr/0..........May/0......June/0
..............................................July/0.......Aug/0....Sept/0.....Oct/0..........Nov/0........Dec/0
Riverside..............................Jan/11......Feb/10...Mar/15....Apr/23........May/18....June/25
..............................................July/21.....Aug/27...Sept/25...Oct/16........Nov/14......Dec/18
San Bernardino...................Jan/0.......Feb/0.....Mar/1......Apr/0..........May/0......June/1
..............................................July/0.......Aug/0....Sept/0.....Oct/2...........Nov/2.......Dec/0
Yucaipa/Calimesa...............Jan/2.......Feb/2.....Mar/3.....Apr/6...........May/5......June/4
..............................................July/1........Aug/6...Sept/2.....Oct/1.............Nov/1.......Dec/0
As you can note, Riverside continues to have transactions in the $400,000 range. The other two communities are Redlands and the Yucaipa/Calimesa markets. For the remainder of the area, there are zero to one or two transactions in the higher end of their markets. However, sales did improve over 2009 and 2010.