Listings, Pendings, Back-ups - November 1, 2012
November 1, 2012
The month of October 2012 is now history. As is my custom, on the first of each month I pull the data from the CRMLS for active listings, properties under contract either as pendings or back-ups and the ratio between actives and those under contract.
Banning/Beaumont............List/211......Pend/246......Back-up/122......Ratio/1.744
Bloomington.....................List/23........Pend/49........Back-up/19........Ratio/2.957
Colton..............................List/31........Pend/88........Back-up/33........Ratio/3.903
Fontana............................List/200......Pend/514......Back-up/221......Ratio/3.675
Grand Terrace..................List/16........Pend/31........Back-up/9..........Ratio/2.500
Highland...........................List/64........Pend/119......Back-up/44........Ratio/2.547
Loma Linda......................List/20........Pend/35........Back-up/12........Ratio/2.350
Mentone...........................List/11........Pend/15........Back-up/6..........Ratio/1.909
Moreno Valley..................List/128......Pend/480......Back-up/208......Ratio/5.375
Redlands...........................List/152......Pend/111......Back-up/67........Ratio/1.171
Rialto................................List/84........Pend/195......Back-up/83........Ratio/3.310
Riverside.......................... List/433......Pend/746......Back-up/342......Ratio/2.501
San Bernardino.................List/266.......Pend/408......Back-up/141......Ratio/2.064
Yucaipa/Calimesa.............List/106.......Pend/112......Back-up/77........Ratio/1.783
It is interesting to note that Moreno Valley has the highest ratio of properties under contract to active listings and Redlands has the lowest ratio. Since my home market area is basically Redlands, I was curious about the low ratio. Like other communities, Redlands has a very low inventory of properties in the market. It also has a higher proportion of properties on the market that are listed over the $400,000 mark. The data suggests that the current sales are driven by first time home buyers and investors, not the move-up buyers that would be purchasing the higher priced homes It could also be that the East Valley area has not yet experienced the activity that other areas of the Inland valleys are experiencing. Stay tuned.
The month of October 2012 is now history. As is my custom, on the first of each month I pull the data from the CRMLS for active listings, properties under contract either as pendings or back-ups and the ratio between actives and those under contract.
Banning/Beaumont............List/211......Pend/246......Back-up/122......Ratio/1.744
Bloomington.....................List/23........Pend/49........Back-up/19........Ratio/2.957
Colton..............................List/31........Pend/88........Back-up/33........Ratio/3.903
Fontana............................List/200......Pend/514......Back-up/221......Ratio/3.675
Grand Terrace..................List/16........Pend/31........Back-up/9..........Ratio/2.500
Highland...........................List/64........Pend/119......Back-up/44........Ratio/2.547
Loma Linda......................List/20........Pend/35........Back-up/12........Ratio/2.350
Mentone...........................List/11........Pend/15........Back-up/6..........Ratio/1.909
Moreno Valley..................List/128......Pend/480......Back-up/208......Ratio/5.375
Redlands...........................List/152......Pend/111......Back-up/67........Ratio/1.171
Rialto................................List/84........Pend/195......Back-up/83........Ratio/3.310
Riverside.......................... List/433......Pend/746......Back-up/342......Ratio/2.501
San Bernardino.................List/266.......Pend/408......Back-up/141......Ratio/2.064
Yucaipa/Calimesa.............List/106.......Pend/112......Back-up/77........Ratio/1.783
It is interesting to note that Moreno Valley has the highest ratio of properties under contract to active listings and Redlands has the lowest ratio. Since my home market area is basically Redlands, I was curious about the low ratio. Like other communities, Redlands has a very low inventory of properties in the market. It also has a higher proportion of properties on the market that are listed over the $400,000 mark. The data suggests that the current sales are driven by first time home buyers and investors, not the move-up buyers that would be purchasing the higher priced homes It could also be that the East Valley area has not yet experienced the activity that other areas of the Inland valleys are experiencing. Stay tuned.
posted by shirley harry at 9:10 AM
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