Friday, June 29, 2012

Looking Up

June 29, 2012
Yes, the real estate market seems to be looking up but that is not what this post is about.
Saturday night is an opportunity to look at the sky through a variety of telescopes. The members of the San Bernardino Valley Amateur Astronomers will be setting up their telescopes of various sizes and types at the San Bernarino County Museum. From 8:30 p.m. until 10 p.m. visitors will be able to vire the surface of the moon as well as the planet Saturn and its rings.
This event is free to the public and is a fantastic opportunity to view the sky above. It is also an opportunity to experience the different types of telescopes. If you have an interest in astronomy at all this free event is a must.

Thursday, June 28, 2012

When Purchasing a Home - Wait

June 28, 2012
You have found a home to purchase. You have written an offer and the Seller accepted it. You have received loan approval and the lender is ready to draw the loan docs. You know that you will need some window coverings or a bed or a new sofa or a washer and dryer.
You read all the great ads that offer 15 - 20 or 25% savings if you take out their credit card and purchase now.
OOPS!
The lender will be doing a "date-down" just before closing and will see that you have changed your debt ratio. It may create an ugly situation. You could be bumbed to a higher debt to income ratio and the lender will no longer approve you for a loan.
Does this sound impossible. It is not.
The good news is that waiting to make major purchases until after you have bought the home ensures that you can avoid this road block. As real estate agents we can not stress enough the importance of putting off any other major purchases while you are in the process of purchasing a home. Even if you do not use credit to make a purchase and use cash for a major purchase it could be possible that when the lender checks your "funds available" you could no longer have the required amount of cash reserves.
Again - DO NOT MAKE MAJOR PURCHASES WHILE YOU ARE IN THE PROCESS OF PURCHASING A HOME.

Wednesday, June 27, 2012

A Real Plus for Home Ownership

June 27, 2012
For those of you who have been renters, you are well aware of a downside to renting. The landlord gives you the do not list which includes not painting the walls a different color, not putting nails in the walls (no pictures) and not having a group of friends visit over a specified amount of time, etc.
The plus of owning your own home is the ability to customize it to suit your lifestyle. If you want bright paint on your walls - it's O.K. If you want friends to come for a month long visit - it's O.K. If you want to convert the yard into a vegetable garden -  it's O/K/ If you want a cat or a dog or more - it's O.K. You become the maker of the rules for your home.
Of course, there could be some restrictions if your property is part of a planned unt development (PUD) or in a condo development, but you can check these rules before you make your purchase.
Being able to set my own style anad my own rules has made me truly appreciate this benefit of homeownership.

Tuesday, June 26, 2012

The American Dream - Alive and Well?

June 26, 2012
My Time Magazine arrived yesterday and I was struck by the cover. In bold black print over a grassy lawn were the words "The History of the American Dream." In subtitle were the words "Is it still real?"
I have not read the article in depth and it is clear that it is tracing the groweth of the American economy and the opportunities that allowed folks to dream of a better life.
Early in the history of our country there was so much open land that the opportunities to prosper were available to almost anyone with a strong work ethic. Now, opportunities to prosper stil exist, Witness the rise of the young entrepreneurs whose technology devices have changed how we communicate and often how we work. However, we cannot all invent useful items and many of us depend on employment opportunities to begin experiencing the American Dream.
How much "owning your own home" has become a damaged dream due to this very deep recession remains to be seen. From an agent working with prospective buyers and sellers, it does seem that this dream is not dead. Owning that small piece of the earth that one can call "Home" still remains a goal for the younger generations.

Monday, June 25, 2012

First Time Buyers and the Dream House

June 25, 2012
I was looking back to the time when my husband and out were first-time home buyers. We began by picking the neighborhoods where we wanted to live. Then we selected a real estate agent and started to look at the properties in the chosen neighborhood. We found a home that was almost like the home of our dreams. (Bear in mind we were young and first-timers.) We made an offer on the home that fit we what we could afford - lower than the asking price, of course. Our offer did not receive outright rejection but the sellers did counter it. Actually, we could have accepted the counter, but being young and brash, we simply walked away. It took some time before we found another home and it was not in our chosen area. THe happy ending to this story is that for seven years we lived in a wonderful neighborhood and made some lifelong friends.
First time home buyers do have dreams and expectations for the first property that they will own. Even in a market such as tody's where prices are way off their peaks, first time buyers are often just as we were. They want a certain neighboorhood and they look for a property to come up for sale that fits their qualifications, both monetarily and style wise.
If first time home buying prospects really wish to buy they need to follow these steps:
1) Make an appointment with a lender and get preapproved. The lender can guide you to the purchase price parameters that you can afford.
2) Make an appointment with a professional real estate agent and sit down to discuss wour needs and your wants. Some amenities are musts and some are desires.
3. Look at the homes that fit your criteria.
4. Write as straiightforward an offer as you can.
5. Be willing to negotiate.
These steps should lead to a home that will be comfortable for your lifestyle. It may not be your dream house, but it should put you on a path that could eventually lead to the house of your dreams. Five houses later, ours did.

Friday, June 22, 2012

In the Good Old Summertime - Part 2

June 22, 2012
The 89th season of the Redlands Bowl Community Music programs opens this evening, Friday, June 22 with the Redlands Bowl Symphony. There will also be a special performance of the Navy Band Southwest yon Saturday evening. Performances begin at 8:15 p.m. and there is no admission charge. However, a freewill donation is collected at intermission and attendees are encouraged to contribute.
At Ontario Mills on Saturday from 11 a.m. to 5 p.m.. The Yum Festival will take place. The event will bring 51 catering trucks to the northwest mall parking lot, near Fuddruckers and Carl's Jr. Tickets are $5 plus a $1.27 service fee if you order online in advance. At the door the admission will be $7 and children age 4 and under are free. If you wish to know which food trucks are scheduled to be there you can  go to www.insidesocal.com/dine909
Saturday afternoon from 1 p.m. to 4 p.m., Ed Hales Park in downtown Redlands will be the site of the Wine, Beer and Music Festival. Tickets are $20 and are limited. They will include a wine glass, wine tasting, light refreshments and entertainment. They are available at Paxton's Cellar, State Street Winery, The Dregs, Time in a Bottle or The City of Redlands Development Services Office, 210 E. Citrus.
Summertime in the Inland Empire is full of opportunities for enjoyment.

Thursday, June 21, 2012

In the Good Old Summertime

June 21, 2012
The Summer season officially began yesterday afternoon at 4 p.m. Yesterday was the longest daylight day of our year and it was a beautiful evening. In June, Southern California generally has overcast mornings (marine layer), hot mid day and afternoons and after the sun goes down, cool evenings.
This is the time for many outdoor concerts and parties. It is also the time when real estate agents take advantage of the longer daylight times. Buyers who work during the day can view properties in the early evening. Sellers who really want to sell understand that their dinner hours may be interrupted, but they know that having buyers visit is a good thing.
Summertime is the traditional season of the year when folks do actively pursue making a move. In the past, the activity was influenced quite a bit by the school year. Folks wanted to relocate before the new school year began in September. With year around school schedules and modified traditional school schedules, this timing is not quite as influential. However, since many folks have vacation schedules at their workplace, it still is the favorable time to find a new place to live.
Sellers also take advantage of the increased buyer traffic and we are hoping that this year many potential sellers will put their homes up for sale. The real estate market seems to have stabilized and this summer may prove to be the time to up-grade, down-grade or first time it.

Wednesday, June 20, 2012

Ready to Sell?

June 20, 2012
The decision is made. You plan to sell your home this summer. So now it is time to take a walk around the exterior.
Pothomes, cracks, in the driveway? It may be too expensive to replace the driveway, but potholes can be patched and cracks can be filled.
The yard and flower beds can be tidied up.
Outdoor furniture? Is it dirty? Is it rusty? Repaint, clean or get rid of it.
Gutters, mailboxes, fences ? Are they rusty, sagging, leaning? replace or straighten.
Do your door hinges squeak? Are your sliding doors difficult to slide? Get some WD-40 and eliminate the issues.
And check your windows and screens. Replace or remove torn screens. Replace any cracked windows.
Your goal is to have the first impression be one of a carefully maintained property.

Tuesday, June 19, 2012

If Only....

June 19, 2012
It is beginning to look as though our real estate market is making a turn around. For buyers and sellers who have been sitting on the sidelines, it may be time to enter the market. Sellers who recognize that prices are probably at least thirty percent lower than they were in 2006 are seeing offers come in very close to a list price if not slightly higher. For sellers entering this market, pricing is the key to selling.
Buyers entering this market must recognize that looking at a property and taking a day or do before deciding to make an offer may find the property has sold.
While prices are do show any substantial up-tick, they clearly are showing some firmness.
If the shortness of homes on the market continues, prices may be pushed due to the economics of supply and demand.
The "shadow inventory" that has been mentioned for well over a year has not yet materialized. I am one on the people who believe that the banks flooding the market with repos may never quite occur.
As we reach the halfway point in 2012, it will be interesting to watch what happens in the second half. We may in fact be in the halfway point of the ten to 12 year real estate cycle.

Monday, June 18, 2012

It's Tough to Be an Appraiser These Days

June 18, 2012
Appraisals are a critical part of almost all real estate sales. When a buyer is obtaining a loan, the lender will hire an appraiser to assess the property and establish a current appraised value. Most often the appraiser will use the Ccomparative Market Approach. This means finding recent sales of similar properties and comparing condition, amenities and location. The appraiser then must make appropriate adjustments - pool or no pool, three car garage or two car garage, updated features or original, etc. An appraisal is an opinion of value based on the current real estate market.
I believe that it is tough today to be an appraiser. First, there have been relatively few sales and finding similar properties can often be a challenge, especially since properties should be within a half mile to a mile radius from the subject property. Secondly, appraisers are now required to check for the existence of carbon monoxide detectors, pressure relief valves and other safety items. They also are required to measure the property, take photos and ultimately come up with the current market value.
An appraiser must also meet certain judgements such as that the real estate market is declining or improving or rising
Would you like to be the person making all these judgements?

Friday, June 15, 2012

Mohave Narrows Clebrates Huck Finn's Jubilee

June 15, 2012
Opening today at 7 a.m., the Huck Finn Jubilee will continue through Sunday. The hours are 7 a.m. to 11 p.m. today and Saturday and 7 a.m. to 8 p.m. Sunday. Mohave Narrows Regional park at 18000 Yates Road in Victorville ressembles the parkland found along the Mississippi River and is a prefect location to recreate the spirit of Mark Twain. This is the 36th annual Huck Finn celebration and should be a true fun filled weekend. There will be music, raft building, catfishing and hot air balloon rides. The blue grass and country music will continue through the day with a Gatlin Brothers concert at 6 p.m. on Sunday, Father's Day. A Route 66 car show with pre 1982 entries arrives Saturday and Sunday. Arm Wrestling Championships and Banjo Championships are noon on Saturday.
Daily admission is $20for adults, $5 for 6 to 12 year olds and free for children 5 and younger. There is weekend admission with camping. Check the web site at www.huckfinn.com or call 951-780-8810 for information on camping costs.

Thursday, June 14, 2012

Tracking the Over $400,000 Real Estate Sales

June 14, 2012
All this week I have been posting numbers. I post these numbers so readers may judge for themselves how the housing market is doing. I know the LA Times this morning said sales and prices are up. Tracking the numbers can give us a picture of the activity. It is a bit more difficult to say that prices are up. Here are the numbers for the over $400,000 sales in the fourteen communities that I follow.
Banning/Beaumont......Jan/1.......Feb/0.......Mar/1.......Apr/0.......May/0
Bloomington...............Jan/0.......Feb/0.......Mar/0.......Apr/0.......May/0
Colton........................Jan/0.......Feb/0.......Mar/0.......Apr/0.......May/0
Fontana......................Jan/1.......Feb/3.......Mar/2.......Apr/0.......May/0
Grand Terrace............Jan/0.......Feb/0.......Mar/0.......Apr/0.......May/0
Highland.....................Jan/1.......Feb/1.......Mar/0.......Apr/2.......May/3
Loma Linda................Jan/1.......Feb/0.......Mar/0.......Apr/1.......May/1
Mentone.....................Jan/0.......Feb/0.......Mar/0.......Apr/0.......May/0
Moreno Valley............Jan/0.......Feb/0.......Mar/0.......Apr/0.......May/0
Redlands.....................Jan/5.......Feb/10.....Mar/8.......Apr/6.......May/9
Rialto..........................Jan/0.......Feb/0.......Mar/0.......Apr/0.......May/0
Riverside.....................Jan/18.....Feb/18.....Mar/20.....Apr/20.....May/23
San Bernardino...........Jan/1.......Feb/0.......Mar/0.......Apr/0........May/0
Yucaipa/Calimesa.......Jan/5.......Feb/3.......Mar/2.......Apr/4........May/3
There you have it. The good news is that this segment of the market is beginning to show some consistent activity in a few of our Inland Southern California communities.

Wednesday, June 13, 2012

Median Prices - January Through May 2012

June 13, 2012
Yesterday's post gave the history of median prices from 2012 back to 2003. Today the post shows median prices from January through May of this year, 2012.
Banning/Beaumont........Jan/156,000......Feb/145,000......Mar/158,000......Apr/160,000......May/151,000
Bloomington.................Jan/110,000......Feb/132/140......Mar/175,000......Apr/145,000......May/129,000
Colton..........................Jan/125,000......Feb/121,500......Mar/114,000......Apr/120,000......May/139,000
Fontana........................Jan/210,200......Feb/210,000......Mar/197,000......Apr/215,000......May/220,000
Grand Terrace..............Jan/179,000......Feb/145,000......Mar/199,000......Apr/170,000......May/182,000
Highland.......................Jan/160,000......Feb/145,000......Mar/184,000......Apr/157,000......May/225,000
Loma Linda..................Jan/230,000......Feb/185,000......Mar/195,000......Apr/230,000......May/189,000
Mentone.......................Jan/115/130......Feb/140,000......Mar/129/155......Apr/118,000......May/180,000
Moreno Valley..............Jan/147,000......Feb/144,000......Mar/153,000......Apr/149,000......May/152,500
Redlands.......................Jan/178,000......Feb/186,000......Mar/220,000......Apr/190,000......May/220,000
Rialto............................Jan/163,000......Feb/165,000......Mar/165,000......Apr/175,000......May/160,000
Riverside.......................Jan/195,000......Feb/180,000......Mar/190,000......Apr/190,000......May/189,000
San Bernardino.............Jan/110,000......Feb/100,000......Mar/105,000......Apr/110,000......May/114,200
Yucaipa/Calimesa.........Jan/189,000......Feb/160,000......Mar/170,000......Apr/180,000......May/154,000
No real trends are showing up. The trading range in the larger communities such as Riverside and San Bernardino is relatively narrow, but medians continue to be up one month down another. It would be nice to see a consistent upward trend. For the moment, we will be satisfied that there is no consistent downward trend either. If you check the history yesterday, you can see that we seem to be bouncing along a bottom.

Tuesday, June 12, 2012

Median Prices - May 2012-2003

June 12, 2012
A little history of the median prices in the fourteen communities that I track. These median price numbers are not derived in any accredited manner. I simply take the number of units sold as reported through the CRMLS, divide by two and the price at that halfway point is the price I post as the median for that area. Since the process is consistent, I hope that the results do reflect the status of prices. .
Banning/Beaumont..........2012/151,000......2011/148,500......2010/185,000......2009/170,000
......................................2008/230,000......2007/300,000......2006/335,500......2005/270,000
......................................2004/203,000......2003/142,000
Bloomington...................2012/129,000......2011/125,000......2010/155,000......2009/95,000
......................................2008/225,000......2007/387.000......2006/375,000......2005/323,000
......................................2004/230,000......2003/159,900
Colton............................2012/139,000......2011/117,000......2010/130,000......2009/100,000
......................................2008/199,900......2007/340,000......2006/332,000......2005/295,000
......................................2004/180,000......2003/160,000
Fontana..........................2012/220,000......2011/185,000......2010/200,000......2009/175,000
......................................2008/303,000......2007/420,000......2006/415,000......2005/363,000
......................................2004/285,000......2003/208,000
Grand Terrace................2012/182,000......2011/180,000......2010/187,000......2009/200,000
......................................2008/265,000......2007/340,000......2006/382,000......2005/340,000
......................................2004/270,777......2003/185,900
Highland.........................2012/225,000......2011/185,000......2010/173,500......2009/160,000
......................................2008/229,000......2007/380,000......2006/357,500......2005/315,000
......................................2004/249,950......2003/185,000
Loma Linda....................2012/189,000......2011/235,000......2010/203,200......2009/203/500
......................................2008/325,000......2007/415,000......2006/379,000......2005/324,000
......................................2004/280,000......2003/249,000
Mentone........................2012/180,000......2011/95/130........2010/220,000.......2009/192,000
.....................................2008/255,000.......2007/355,000......2006/353,000......2005/298,000
.....................................2004/182,000.......2003/170,000
Moreno Valley..............2012/152,500.......2011/148,000......2010/163,000......2009/130,000
.....................................2008/208,000.......2007/355,000......2006/382,000......2005/224,000
.....................................2004/287,000.......2003/180,000
Redlands.......................2012/220,000.......2011/220,000......2010/217,000......2009/233,000
.....................................2008/316,950.......2007/420,000......2006/365,000......2005/350,000
.....................................2004/290,000.......2003/229,900
Rialto............................2012/160,000.......2011/164,000......2010/164,901......2009/130,000
.....................................2008/225,000.......2007/373,000......2006/380,000......2005/329,900
.....................................2004/262,500.......2003/182,000
Riverside.......................2012/189,000.......2011/190,000......2010/215,000......2009/170,000
.....................................2008/279,000.......2007/400,000......2006/415,000......2005/379,000
.....................................2004/324,900.......2003/215,000
San Bernardino.............2012/114,200........2011/105,000......2012/107,000......2009/72,000
....................................2008/156,000........2007/300,000.......2006/300,000......2005/265,000
....................................2004/180,000........2003/135,000
Yucaipa/Calimesa........ 2012/154,000........2011/180,000.......2010/1109,750.....2009/211,000
....................................2008/254,500........2007/400,000.......2006/3990,000.....2005/339,900
....................................2004/265,000........2003/195,000
The numbers clearly point out the severity of the down turn. I do think that some of the 2012 low median prices are due to the characteristics of current buyers - investors or first time home buyers. Thus I believe that the median prices reflect where this activity is taking place. However, there is no denying that we have lost a lot of value that will take a while to regain.

Monday, June 11, 2012

Units Reported Sold - May 2012 - May 2003

June 11, 2012
For those of you who follow this blog, here are the numbers for the units reported sold in May 2012 plus a history of units sold in May back to 2003.
Banning/Beaumont..........2012//133......2011/121......2010/139......2009/141......2008/95
......................................2007/56.........2006/94........2005/101......2004/92........2003/66
Blooomington.................2012/18.........2011/11........2010/31........2009/38........2008/12
......................................2007/8...........2006/31........2005/19........2004/16........2003/22
Colton............................2012/47.........2011/46........2010/36........2009/65........2008/19
......................................2007/25.........2006/41........2005/43........2004/31........2003/41
Fontana..........................2012/257.......2011/211......2010/261......2009/377......2008/196
......................................2007/96.........2006/240......2005/254......2004/203......2003/225
Grand Terrace................2012/16.........2011/8..........2010/12........2009/9..........2008/10
......................................2007/7...........2006/11........2005/9..........2004/5..........2003/9
Highland.........................2012/79.........2011/54........2010/51........2009/55........2008/46
......................................2007/39.........2006/11........2005/87........2004/56........2003/79
Loma Linda....................2012/21.........2011/22........2010/22........2009/13........2008/21
......................................2007/10.........2006/21........2005/20........2004/22........2003/9
Mentone.........................2012/8...........2011/11........2010/6..........2009/6..........2008/6
......................................2007/10.........2006/8...........2005/11........2004/8..........2003/8
Moreno Valley...............2012/246........2011/232......2010/294......2009/402......2008/277
......................................2007/93..........2006/300......2005/264......2004/237......2003/259
Redlands........................2012/72..........2011/67........2010/61........2009/53........2008/41
......................................2007/47..........2006/75........2005/79........2004/83........2003/70
Rialto.............................2012/113........2012/108.......2010/120......2009/150.....2008/83
......................................2007/45..........2006/118.......2005/116......2004/100.....2003/116
Riverside........................2012/432........2011/418.......2010/450......2009/495.....2008/340
......................................2007/231........2006/431.......2005/464......2004/364.....2003/403
San Bernaridno..............2012/204.........2011/202.......2010/235......2009/352.....2008/178
.....................................2007/106..........2006/265.......2005/231......2004/212.....2003/257
Yucaipa/Calimesa..........2012/73............2011/50.........2010/63........2009/55.......2008/44
.....................................2007/44............2006/61.........2005/76........2004/70.......2003/64
There is the history. The big spike in the number of units sold that occurred in many of the areas was a result of the significant drop in the price of properties. This spike followed the real drop in numbers in 2008. These numbers are one of the reasons that I continue to track the sales. Had I been tracking numbers at that time, I may have been alerted to the real end of the boom market. I am not sure that we will know when the market will have another boom because, as you can see, the numbers generally are in a rather short range, Even in the boom market the volume was pretty consistent.

Friday, June 08, 2012

Much To Do In the Inland Empire

June 8, 2012
North, South, East and West, there is a variety things to do around our region.
In Beaumont, the annual Cherry Festival kicked off yesterday. Held annually at Stewart park between Eighth and Maple avenues, this community event is full of fun and entertainment. The Cherry Fest parade will be at 10:30 a.m. on Saturday. For schedule and info go to www.beaumontcherryfestival.org
Saturday, June 9, Victoria Gardens Cultural Center will be the site of "All Things Kids". From 9 a.m. to 3 p.m.here will be scavenger hunts, drawing contests , games, etc. The Victoria Gardens Cultural Center is located at 12505 Cultural Center Drive, Rancho Cucamanga, CA 91739
Jeromes Furniture , The Press Enterprise and The Shredders are sponsoring a Community Shred Day at the Jerome Furniture location in Murrieta, 24410 Village Park Walk. Brings your papers and documents (unlimited) that you need to have securely destroyed. This  is a free service from 9 a.m. to 2 p.m.
Make a comment if you have an event to post.

Thursday, June 07, 2012

Those Beautiful Jacaranda Trees

June 7, 2012
MAy and June are the months that our landscape is filled with beautiful light purple flowering trees. The Jacaranda trees that line our streets and provide focal points in our yards are bursting into bloom. They create an almost unreal quality as the blossoms appear prior to the green leaves. Folks who visit from less tropical climes ask "What are those purple trees?"
I believe that Jacarandas are native to Central and South America. Like many of the trees that have become common in Southern California, the Jacaranda is clearly a popular choice. Yes, it can be a messy tree when those purple blossoms fall, put then you do have a colorful purple path.
I have never been to South Africa, but am told that Pretoria, South Africa is known as the "Jacaranda City".
Toursist who visit there when the trees are in bloom are overwhelmed by the almost solid masses of purple flowering trees. Washington, D.C. may have its Cherry Blossom time, but for visitors to our region, early June can offer a treat that is a sight to behold.

Tuesday, June 05, 2012

Cast Your Vote

June 5, 2012
Today is Primary Election Day in California. The polls opened at 7 a.m. and will be open until 8 p.m. This primary is a first for California voters. On June 8, 2012, California voters approved Proposition 14, which created the "Top-Two Open Primary Act" which changed the way this primary is being conducted. In this new open primary system you can vote for any candidate, regardless of what party preference you indicated on your voter registration form. Only the two candidates receiving the most votes, again regardless of party, move on to the general election.. The California open primary system does not apply to candidates running for U.S. President, country central committees or local offices.
The poll workers must sort out which ballot to give to each voter as some are restricted to those registered for a particular party.
Due to redistricting, there are some important races and it is important that all of us exercise our right to cast a ballot. Emerging democracies know what a privilege it is to vote. We need to vote and show that Americans value this privilege.

Monday, June 04, 2012

Listings, Pendings, and Bsck-ups - June 1, 2012

June 4, 2012
Here is a snap shot of the real estate market in the East Valley of Inland Southern California. As is my custom, I check the number of active listings reported through the CRMLS for fourteen communities in the inland area. I also check the number of properties that have accepted offers either reported as a pending sale or a sale with contingencies that would look at back-up offers. I add the two accepted offer categories and divide by the number of active listings to establish a ratio between them. This ratio increased quite a bit in April and continues to increase in May. Well priced properties are receiving offers quickly and the active listings continue to decrease.
Judge for yourselves.
Banning/Beaumont............Active/280........Pending/257........Back-up/151........Ratio/1.457
Bloomington.....................Active/29..........Pending/60..........Back-up/24..........Ratio/2.897
Colton..............................Active/51..........Pending/81..........Back-up/35..........Ratio/2.275
Fontana............................Active/274........Pending/535........Back-up/263........Ratio/2.912
Grand Terrace..................Active/20..........Pending/27..........Back-up/19..........Ratio/2.300
Highland...........................Active/90..........Pending/126........Back-up/69..........Ratio/2.167
Loma Linda......................Active/19..........Pending/36..........Back-up/24..........Ratio/3.158
Mentone...........................Active/13..........Pending/20..........Back-up/11..........Ratio/2.385
Moreno Valley..................Active/294........Pending/517........Back-up/312........Ratio/2.820
Redlands...........................Active/156........Pending/128........Back-up/102........Ratio/1.474
Rialto................................Active/117........Pending/244........Back-up/96..........Ratio/2.906
Riverside...........................Active/583........Pending/863........Back-up/454........Ratio/2.260
San Bernardino.................Active/326.........Pending/426........Back-up/186........Ratio/1.877
Yucaipa/Calimesa.............Active/115.........Pending/134........Back-up/91..........Ratio/1.957
These numbers reflect a market that continues to be brisk. Next week I will post the numbers for the closed transactions, median prices and sales over $400,000. It will be interesting to track whether the increase in the number of properties that enter escrow is reflected in the number of properties that are successfully closing escrow.

Friday, June 01, 2012

It's a Koi Sunday

June 1, 2012
This Sunday, June 3 from 10 a.m. to 4 p.m. the 12th annual Koi Pond and Garden Tour will take place in Redlands plus one pond in Highland. This is a self guided tour of eight different koi ponds. You can start and purchase tickets at any of the eight properties. Maps will be available and a limited number of wearable art T-shirts will also be for sale.
The properties in Redlands are:
12613 Wabash Avenue
646 Palo Alto Drive
1 Bow B Road
25 Summit Avenue
1463 Kevin Avenue
28 San Gorgonio Drive
11 Beattie Lane
In Highland:
6525 La Praix Court
For additional information: Nick - 951-780-7395 or Dennis - 951-780-0123