Listings, Pendings and Back-ups October 1, 2012

October 1, 2012
Can you believe we are now entering the fourth quarter of 2012. The numbers are showing an active real estate market. Check for yourselves. There are more properties with accepted offers than there are active listings. Part of the reason for this turn around is that properties that are listed competitively sell within the first few days after they are listed. Hence the active listing numbers have remained fairly constant for the past several months.
Banning/Beaumont..........List/225.......Pend/247.......Back-up/134.......Ratio/1.693
Bloomington...................List/24.........Pend/46.........Back-up/17.........Ratio/2.625
Colton............................List/35.........Pend/89.........Back-up/33.........Ratio/3.486
Fontana..........................List/196.......Pend/534.......Back-up/211.......Ratio/3.801
Grand Terrace................List/19.........Pend/20.........Back-up/11.........Ratio/1.636
Highland.........................List/70.........Pend/107.......Back-up/58.........Ratio/2.357
Loma Linda....................List/22.........Pend/41.........Back-up/15.........Ratio/2.545
Mentone.........................List/10.........Pend/19.........Back-up/5...........Ratio/2.400
Moreno Valley................List/138.......Pend/527.......Back-up/239.......Ratio/5.551
Redlands.........................List/153.......Pend/110.......Back-up/64.........Ratio/1.137
Rialto..............................List/76.........Pend/205.......Back-up/86.........Ratio/3.829
Riverside.........................List/453.......Pend/769.......Back-up/331.......Ratio/2.428
San Bernardino...............List/273........Pend/402.......Back-up/149.......Ratio/2.018
Yucaipa/Calimesa...........List/117........Pend/113.......Back-up/67..........Ratio/1.538
Just in passing. Riverside started the year with over 1000 active listings and a ratio of .95.
The number of active listings has fallen to half what it was but the patio of those in escrow to the active listings has doubled. These are good signs for an improving real estate market.