The Over $400,000 Real Estate Market

September 12, 2012
This year I have been tracking the number of single family properties that have been reported as "sold" though the CRMLS. This segment of the real estate market was hard hit in the downturn. For example: in Riverside in August 2005, there were 238 properties reported sold over $400,000. In 2008 that number dropped to 48. In 2012 the number has ranged from 18 a month to 24 a month. IN 2003 when the real estate "boom" began in earnest the number was 36.
Here are the numbers for the past three months for the fourteen communities that I track in the Inland Empire.
Banning/Beaumont...........June/0.......July/0.......Aug/0.......Aug 2005/10.......Aug 2008/1
Bloomington....................June/0.......July/0.......Aug/0.......Aug 2005/4.........Aug/2008/0
Colton.............................June/1.......July/0.......Aug/0.......Aug 2005/4.........Aug 2008/1
Fontana...........................June/1.......July/0.......Aug/1.......Aug 2005/136.....Aug 2008/12
Grand Terrace.................June/0.......July/0.......Aug/0.......Aug 2005/5.........Aug 2008/0
Highland..........................June/4.......July/1.......Aug/3.......Aug 2005/20.......Aug 2008/2
Loma Linda.....................June/0.......July/2.......Aug/2.......Aug 2005/9.........Aug 2008/1
Mentone..........................June/0.......July/0.......Aug/0.......Aug 2005/0.........Aug/2008/0
Moreno Valley.................June/0.......July/0.......Aug/1.......Aug 2005/75.......Aug 2008/1
Redlands.........................June/11......July/13.....Aug/12.....Aug 2005/31.......Aug 2008/11
Rialto..............................June/0........July/0.......Aug/0.......Aug 2005/24.......Aug 2008/0
Riverside.........................June/24......July/22.....Aug/20.....Aug 2005/238.....Aug 2008/48
San Bernardino...............June/1........July/1.......Aug/1.......Aug 2005/19.......Aug 2008/1
Yucaipa/Calimesa...........June/4........July/7.......Aug/4.......Aug 2005/33.......Aug 2008/5