Listings, Pendings, Back-ups and Ratios -Decmember 1, 2012

December 3, 2012
As we begin the final month in the year 2012, it is interesting to note the change in the numbers as compared with December 1, 2011. The actual pending and back-up numbers are amazingly similar. However the number of active listings then and now has changed dramatically.For your information, I shall put 2012 numbers followed by/2011.
Banning/Beaumont............List/189/456......Pend/242/194......Back-up/94/100......Ratio/1.778/.645
Bloomington.....................List/16/58..........Pend/54/47..........Back-up/19/21........Ratio/4.562/1.172
Colton..............................List/36/96.........Pend/78/86...........Back-up/35/36........Ratio/3.139/1.271
Fontana............................List/169/569.....Pend/532/488.......Back-up/198/214....Ratio/4.320/1.234
Grand Terrace..................List/12/38.........Pend/26/17...........Back-up/11/7..........Ratio/3.083/.632
Highland...........................List/60/137.......Pend/120/115.......Back-up/39/55........Ratio/2.650/1.241
Loma Linda......................List/24/37.........Pend/33/34...........Back-up/15/12........Ratio/2.000/1.243
Mentone..........................List/8/34............Pend/13/19...........Back-up/2/9............Ratio/1.875/.834
Moreno Valley.................List/143/686......Pend/439/468.......Back-up/173/206....Ratio/4.280/.983
Redlands..........................List/141/254......Pend/119/96.........Back-up/56/43........Ratio/1.241/.547
Rialto...............................List/70/290........Pend/208/206.......Back-up/70/66........Ratio/3.971/.938
Riverside.........................List/401/1173.....Pend/760/739.......Back-up/309/380....Ratio/2.666/.954
San Bernardino...............List/279/643.......Pend/402/413.......Back-up/126/125.....Ratio/1.956/.837
Yucaipa/Calimesa...........List/100/226........Pend/123/103......Back-up/68/63.........Ratio/1.910/.735
There you have it. With the properties being sold almost the day they are listed, we are experiencing a competitive and challenging market. Properties that have been listied for several months are now receiving attention as potential buyers scramble to purchase. It does seem clear that the residential real estate market has undergone a change.