What's Influencing the Real Estate Market?

March 12, 2012


Since I read so much about the influence of distressed properties on current real estate sales, I thought I would check out the number of closed transactions that were either bank-owned or short sales. In the end, it seemed that checking the numbers for the closed transactions that were not "distressed" sales ended up giving a sharper picture. I obtained the data from transactions reported closed as "Standard" sales. The term "Standard" is being used to report sales that were not bank owned, short sales, and properties in foreclosure. My data depends on the accuracy of the data reported by the real estate agents involved in the transactions.


Banning/Beaumont.........Total/105......Standard/25......Ratio/.238


Bloomington.....................Total/25........Standard/6........Ratio/.240


Colton................................Total/42........Standard/15......Ratio/.357


Fontana.............................Total/190......Standard/56......Ratio/.295


Grand Terrace..................Total/8..........Standard/1.........Ratio/.125


Highland...........................Total/46........Standard/12.......Ratio/.261


Loma Linda......................Total/12........Standard/5.........Ratio/.417


Mentone...........................Total/16........Standard/5.........Ratio/.313


Moreno Valley.................Total/174......Standard/44.......Ratio/.253


Redlands...........................Total/55.......Standard/23.......Ratio/.418


Rialto.................................Total/85......Standard/31........Ratio/.364


Riverside...........................Total/364....Standard/133......Ratio/.365


San Bernardino................Total/133....Standard/40........Ratio/.301


Yucaipa/Calimesa............Total/57......Standard/24........Ratio/.368


Perhaps these numbers reflect the fact that we have such a low inventory of properties for sale. If home owners do not have to sell, they are not putting their properties on the market. What is on the market are the properties that have loans that exceed the market value or properties that have already gone back to the banks. At the moment, these properties are shaping the real estate market.