Some Good News in the Upper End of Our Market
February 13, 2012
It is too early to cheer that the real estate market in the upper end is finally awakening but....
I have been tracking the number of single family homes reported sold in the fourteen communities that I follow on a regular basis. The $400,000 plus segment of the market has been largely stagnant - probably due to two factors: 1) folks who own those properties owe more than they are presently worth and 2) folks who might want to move up and take advantage of the reduced value and fantastic interest rates have a lack of down payment monies.
The following are the numbers for January 2012 and December 2011 as well as the numbers for January 2011.
Banning/Beaumont............Jan-2012/1.......Dec-2011/0........Jan-2011/0
Bloomington........................Jan-2012/0......Dec-2011/0........Jan-2011/0
Colton...................................Jan-2012/0......Dec-2011/0........Jan-2011/0
Fontana................................Jan-2012/1.......Dec-2011/0........Jan-2011/3
Grand Terrace.....................Jan-2012/0......Dec-2011/0........Jan-2011/0
Highland..............................Jan-2012/1.......Dec-2011/1........Jan-2011/0
Loma Linda.........................Jan-2012/1.......Dec-2011/1........Jan-2011/0
Mentone..............................Jan-2012/0.......Dec-2011/1........Jan-2011/0
Moreno Valley....................Jan-2012/0.......Dec-2011/0.......Jan-2011/0
Redlands.............................Jan-2012/5........Dec-2011/4.......Jan-2011/7
Rialto...................................Jan-2012/0.......Dec-2011/0.......Jan-2011/0
Riverside.............................Jan-2012/18.....Dec-2011/18.....Jan-2011/11
San Bernardino.................Jan-2012/1........Dec-2011/0.......Jan-2011/0
Yucaipa/Calimesa............Jan-2012/5........Dec-2011/2.......Jan-2011/2
Not remarkable, but at least some activity. Open houses in the $400,000 plus ranged have had good traffic and offers are being made. Like every good real estate agent. I am optimistic that we will have an improving real estate market in 2012.
It is too early to cheer that the real estate market in the upper end is finally awakening but....
I have been tracking the number of single family homes reported sold in the fourteen communities that I follow on a regular basis. The $400,000 plus segment of the market has been largely stagnant - probably due to two factors: 1) folks who own those properties owe more than they are presently worth and 2) folks who might want to move up and take advantage of the reduced value and fantastic interest rates have a lack of down payment monies.
The following are the numbers for January 2012 and December 2011 as well as the numbers for January 2011.
Banning/Beaumont............Jan-2012/1.......Dec-2011/0........Jan-2011/0
Bloomington........................Jan-2012/0......Dec-2011/0........Jan-2011/0
Colton...................................Jan-2012/0......Dec-2011/0........Jan-2011/0
Fontana................................Jan-2012/1.......Dec-2011/0........Jan-2011/3
Grand Terrace.....................Jan-2012/0......Dec-2011/0........Jan-2011/0
Highland..............................Jan-2012/1.......Dec-2011/1........Jan-2011/0
Loma Linda.........................Jan-2012/1.......Dec-2011/1........Jan-2011/0
Mentone..............................Jan-2012/0.......Dec-2011/1........Jan-2011/0
Moreno Valley....................Jan-2012/0.......Dec-2011/0.......Jan-2011/0
Redlands.............................Jan-2012/5........Dec-2011/4.......Jan-2011/7
Rialto...................................Jan-2012/0.......Dec-2011/0.......Jan-2011/0
Riverside.............................Jan-2012/18.....Dec-2011/18.....Jan-2011/11
San Bernardino.................Jan-2012/1........Dec-2011/0.......Jan-2011/0
Yucaipa/Calimesa............Jan-2012/5........Dec-2011/2.......Jan-2011/2
Not remarkable, but at least some activity. Open houses in the $400,000 plus ranged have had good traffic and offers are being made. Like every good real estate agent. I am optimistic that we will have an improving real estate market in 2012.
posted by shirley harry at 8:18 AM
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