Where is the High End Selling in Our Market Area ?
August 14, 2012
I have been posting the numbers for the closed single family sales over $400,000. Remembering that many of the fourteen communities that I track had median prices at $400,000, it is a market segment to watch as real estate recovers.
For the year, over $400,000 sales have remained non-existent in Bloomington, Grand Terrace, Mentone, Moreno Valley and Rialto. Redlands, Riverside and Yucaipa have shown some improvement Colton, Fontana and San Bernadino have had one or two sales reported to be over $400,000.
This numbers for this market segment in Redlands, Riverside and Yucaipa have been remarkedly consistent. Redlands from 5 in January to 13 in July; Riverside from 18 in January to 22 in July; Yucaipa from a low in March of 2 to a high in July of 7.
Are the upper end buyers beginning to enter the real estate market?
I have been posting the numbers for the closed single family sales over $400,000. Remembering that many of the fourteen communities that I track had median prices at $400,000, it is a market segment to watch as real estate recovers.
For the year, over $400,000 sales have remained non-existent in Bloomington, Grand Terrace, Mentone, Moreno Valley and Rialto. Redlands, Riverside and Yucaipa have shown some improvement Colton, Fontana and San Bernadino have had one or two sales reported to be over $400,000.
This numbers for this market segment in Redlands, Riverside and Yucaipa have been remarkedly consistent. Redlands from 5 in January to 13 in July; Riverside from 18 in January to 22 in July; Yucaipa from a low in March of 2 to a high in July of 7.
Are the upper end buyers beginning to enter the real estate market?
posted by shirley harry at 8:05 AM
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