Monday, June 30, 2008

The weekly tumble

Here is the latest weekly median listing data from housingtracker.net. This data is for the core areas (listed below). I sometimes publish both bu they are so close together now that seems almost pointless. As you can clearly see the mid and high levels dropped another $5k this week and the low end stayed at $200k.

Riverside, California

Including Arlington, Bloomington, Box Springs, Canyon Crest, Casa Blanca, Colton, Corona, Crestmore, Fontana, Grand Terrace, Jurupa, La Sierra, Mira Loma, Moreno Valley, Norco, Perris, Rubidoux, Woodcrest

Trend06/28/20081 month3 month6 month12 month
Median Price$270,000-6.2%-15.6%-28.0%-38.5%
Inventory13,666-2.8%-2.7%-3.3%-7.0%

Historical Data

DateInventory25th Percentile50th Percentile
(Median)
75th Percentile
06/28/200813,666$199,900$270,000$370,000
06/21/200814,533$199,900$274,900$375,000
06/14/200814,827$200,000$275,000$375,900
06/07/200813,660$205,000$279,900$379,900
06/01/200813,907$209,900$285,000$389,000



Foreclosure data

Now some more crazy data from the BMIT site. Here is the foreclosure data (from foreclosure.com) for Riverside and San Berdu. Take a look at this months numbers! The numbers are cumulative but this month shows a HUGE increase in the foreclosure numbers. If my math is correct Riverside has 4798 foreclosures. Last month was a stellar sales month and there were only 3444 sales. If that number is correct then there will be WAY more foreclosures than sales this month. San Berdu does not look much better

Riverside (foreclosures/pre-foreclosures)
01/2008: 5,548/13,829
02/2008: 7,629/16,633
03/2008: 7,910/18,853
04/2008: 9,415/19,960
05/2008: 10,772/20,317
06/2008: 15,570/22,447

San Berdu
01/2008: 3,462/10,247
02/2008: 5,271/12,969
03/2008: 5,478/14,787
04/2008: 6,834/15,709
05/2008: 7,969/17,277
06/2008: 11,587/17,541

1 comment:

Paige said...

Thanks for the update! I wish prices would fall more here in Orangecrest. I think the same 7 people are making offers on the same homes and it's really getting annoying. Can't seem to shake them. :)