Listings, Pendings and Back-ups - August 2012
September 4, 2012
As is my custom, I am posting the numbers for the real estate activity in the month of August. The real estate market in our Inland Southern California area has become very active with more properties being in escrow than remaining unsold. This phenomenon is keeping the active listings very small in comparaison to those in escrow. Many properties have offers the same day that they are listed in the CRMLS.
Banning/Beaumont.............List/220......Pend/244......Back-up/142......Ratio/1.755
Bloomington......................List/23........Pend/48........Back-up/16........Ratio/2.783
Colton..............................List/30.........Pend/87........Back-up/32........Ratio/3.967
Fontana............................List/209.......Pend/536......Back-up223.......Ratio/3.632
Grand Terrace..................List/20.........Pend/23........Back-up/7..........Ratio/1.500
Highland...........................List/71.........Pend/104......Back-up/47........Ratio/2.127
Loma Linda......................List/24.........Pend/34........Back-up/17........Ratio/2.125
Mentone...........................List/9...........Pend/22........Back-up/6..........Ratio/3.111
Moreno Valley..................List/156.......Pend/507......Back-up/280......Ratio/5.045
Redlands..........................List/147........Pend/116......Back-up/70........Ratio/1.265
Rialto...............................List/72..........Pend/218......Back-up/86........Ratio/4.222
Riverside..........................List/436........Pend/822......Back-up/361......Ratio2.713
San Bernardino................List/260........Pend/395......Back-up/173......Ratio/2.185
Yucaipa/Calimesa............List/112........Pend/117......Back-up/81........Ratio/1.768
While the active inventory is extremely low, it does not really reflect the number of properties being offered for sale. The pendings and back-ups reflect that properties are being put up for sale, but are quickly removed from the active inventory. This has become a market of multiple offers and short days on the market for those properties that are in good condition and priced competitively.
As is my custom, I am posting the numbers for the real estate activity in the month of August. The real estate market in our Inland Southern California area has become very active with more properties being in escrow than remaining unsold. This phenomenon is keeping the active listings very small in comparaison to those in escrow. Many properties have offers the same day that they are listed in the CRMLS.
Banning/Beaumont.............List/220......Pend/244......Back-up/142......Ratio/1.755
Bloomington......................List/23........Pend/48........Back-up/16........Ratio/2.783
Colton..............................List/30.........Pend/87........Back-up/32........Ratio/3.967
Fontana............................List/209.......Pend/536......Back-up223.......Ratio/3.632
Grand Terrace..................List/20.........Pend/23........Back-up/7..........Ratio/1.500
Highland...........................List/71.........Pend/104......Back-up/47........Ratio/2.127
Loma Linda......................List/24.........Pend/34........Back-up/17........Ratio/2.125
Mentone...........................List/9...........Pend/22........Back-up/6..........Ratio/3.111
Moreno Valley..................List/156.......Pend/507......Back-up/280......Ratio/5.045
Redlands..........................List/147........Pend/116......Back-up/70........Ratio/1.265
Rialto...............................List/72..........Pend/218......Back-up/86........Ratio/4.222
Riverside..........................List/436........Pend/822......Back-up/361......Ratio2.713
San Bernardino................List/260........Pend/395......Back-up/173......Ratio/2.185
Yucaipa/Calimesa............List/112........Pend/117......Back-up/81........Ratio/1.768
While the active inventory is extremely low, it does not really reflect the number of properties being offered for sale. The pendings and back-ups reflect that properties are being put up for sale, but are quickly removed from the active inventory. This has become a market of multiple offers and short days on the market for those properties that are in good condition and priced competitively.
posted by shirley harry at 8:09 AM
0 Comments:
Post a Comment
<< Home