February 1, 2013 -Listings, Pendings, Back-ups

February 13, 2013
As is my custom, I pulled the numbers for the listings, pendings and back-up categories on February 1, 2013. For some reason, I did not post them on this blog so I am doing so today. The numbers are following the trend set in the fourth quarter of 2012 with more properties under sale contracts than those that remain active.Here are the numbers.
Banning/Beaumont.............List/203........Pend/197........Back-up/86........Ratio/1.390
Bloomington......................List/18..........Pend/44..........Back-up/13........Ratio/3.167
Colton...............................List/37..........Pend/66..........Back-up/24........Ratio/2.432
Fontana.............................List/153........Pend/459........Back-up/123......Ratio/3.804
Grand Terrace...................List/7............Pend/23..........Back-up/9..........Ratio/4.571
Highland............................List/54..........Pend/109........Back-up/32........Ratio/2.611
Loma Linda.......................List/16..........Pend/31..........Back-up/10........Ratio/2.563
Mentone............................List/6............Pend/15..........Back-up/4..........Ratio/3.167
Moreno Valley...................List/135........Pend/376........Back-up/129......Ratio/3.741
Redlands............................List/124........Pend/90..........Back-up/50........Ratio/1.129
Rialto.................................List/69..........Pend/149........Back-up/65........Ratio/3.101
Riverside........................... List/389........Pend/574........Back-up/227......Ratio/2.059
San Bernardino..................List/273.........Pend/354........Back-up/114.....Ratio/1.714
Yucaipa/Calimesa..............List/98...........Pend/126........Back-up/44.......Ratio/1.735
What seems to be occurring is that properties are listed and are under contract almost immediately. Since escrow periods are typically 30 to 60 days, the pendings increase.