First Quarter 2012 - Closed Homes

April 11, 2012


These numbers seem to indicate that buyers have been making buying decisions and escrows have been closing. In most of the fourteen communities that I track the March number of units sold had improved over the January and February reports. As always, you can check the numbers for yourselves.


Banning/Beaumont..............Jan/96.......Feb/105......Mar/120


Bloomington..........................Jan/15.......Feb/25.........Mar/24


Colton....................................Jan/29.......Feb/42.........Mar/46


Fontana.................................Jan/188.....Feb/190......Mar/224


Grand Terrace.....................Jan/13.......Feb/8...........Mar/11


Highland...............................Jan/45.......Feb/46.........Mar/46


Loma Linda..........................Jan/16.......Feb/12.........Mar/21


Mentone...............................Jan/7.........Feb/16.........Mar/13


Moreno Valley.....................Jan/195.....Feb/174......Mar/244


Redlands..............................Jan/49.......Feb/55........Mar/80


Rialto....................................Jan/97.......Feb/85........Mar/118


Riverside.............................Jan/323.....Feb/364......Mar/405


San Bernardino...................Jan/189.....Feb/133......Mar/210


Yucaipa/Calimesa..............Jan/55.......Feb/57.........Mar/78


Let's hope that this trend can continue. Much of the continuation of an increase in the volume of sold properties will depend on there being an increase in the number of properties being offered for sale. If you happened to read yesterdays post that traced the history of the sales volume you might have noticed that it didn't significantly increase even at the peak of the market. Volume is clearly tied to the number of properties that are listed for sale.