Airbnb, Predictive Analytics to Have Large Impact on Real Estate in 2022, Expert Says - FOR MORE INFORMATION GO TO
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
WWW.IVAOR.COM NOVEMBER 2021
THE OFFICIAL PUBLICATION OF THE INLAND VALLEYS ASSOCIATION OF REALTORS®
Airbnb, Predictive
Analytics to Have
Large Impact on
Real Estate
in 2022,
Expert Says
FOR MORE INFORMATION GO TO PAGE 6
SEPTEMBER 2021
Table of Contents
RIVERSIDE OFFICE:
3690 Elizabeth Street
Riverside, CA 92506
COLUMNS
RANCHO CUCAMONGA OFFICE:
10574 Acacia St., STE D-7
3 President’s Message - IVAR Closes
Rancho Cucamonga, CA 91730 a Difficult Year Continuing Its
www.ivaor.com
Service to Members
4 Government Affairs Update -
2021 IVAR BOARD OF DIRECTORS Rep. Pete Aguilar’s Legislation
Jesse Armendarez, President
Sierra Realty
Would Allow FHA to Support
Kama Burton, President Elect
Inland Empire Residents Striving for
CMB Realty Services Homeownership
Yvonne Leonard, Treasurer
Better Homes and Gardens Real Estate Champions 6 Airbnb, Predictive Analytics to Have
Donna O’Donnell, Immediate Past President Large Impact on Real Estate in 2022,
Inland Empire Sales & Consulting Services, Inc.
Expert Says
Jesse Streeter - Director
Star Real Estate Pros
Joe Cusumano – Director
7 NAR Announces New Guidance
Pro-One Investments Ltd that Reinforces Greater
Mary Brown Edwards – Director Transparency for Consumers
Keller Williams – Riverside
Amado Hernandez – Director 8-14 Housing Data Report
Excellence Empire Real Estate
John Schulte – Director
Better Homes and Gardens Real Estate-Champions
Michael Stoffel – Director
Century 21 Showcase
Maria Pulido – Director
First Team Real Estate – Orange County
Barbara Mills-Dubois – Director
RE/MAX HORIZON
IVAR STAFF
Mark Dowling – CEO
Paul Herrera – Government Affairs Director
Griselda Cena – Office Manager
Lupe Lopez – Accounting Assistant
Linda Vansant – MLS
Alejandra Esquivel – MLS Assistant
Deanna McWilliams – Member Services
Melinda Medina – Member Services
Priscilla Bugayong – Member Services
Amanda Rios – Member Services
Van Romine – IT/Operations
Rachelle Quillman – Member Outreach/Training
PRESIDENT’S MESSAGE
IVAR Closes a Difficult Year
Continuing Its Service to Members
By any measure, 2021 was a challenging I’m proud of the work accomplished by our
year. Year two of the global pandemic began team at IVAR, led by CEO Mark Dowling. IVAR
with a surge of infections, including one grew faster than nearly any other association
that struck at the heart of our association. in the state in 2020 and 2021. Our membership
In January, we lost John Schulte, a leader, growth combined with careful stewardship of
a member of our board of directors and our resources have allowed us to not only
a mainstay of organized real estate in the keep our dues lower than most, but actually
Inland Empire. launch new initiatives to support housing in
Losing John meant losing one of the the Inland Empire and beyond.
treasured voices who guided our association Today IVAR has lower local dues than we
through a housing crisis, an economic did a decade ago. Meanwhile, we have grown
recovery and now a world in which housing into a key local voice in real estate, capable of
affordability is our major concern. John was impacting real estate policy at every level.
part of a team of leaders who positioned our In the next two months, I’ll have the honor
association to be among the fastest growing, of passing the gavel to another outstanding
JESSE ARMENDAREZ, member-driven REALTOR® associations in leader in Kama Burton. Kama has built a
2021 IVAR PRESIDENT California. reputation as a leader and consummate
We carry on John’s work as a leader by professional who will lead our association as
continuing to foster a culture dedicated the world rights itself following (hopefully)
to the individual members of IVAR. When the ending of this pandemic.
the pandemic began, we looked at every As the year ends, we think about not just
opportunity to help our members through what we lost in John’s passing, but what we
a time that looked like it could be bleak. gained in his presence. We hope you see
We worked with elected officials to craft that leadership, dignity and member focus
public policy responses. At the state level, reflected in ourselves as his colleagues, and in
our early efforts meant that independent your association.
contractors were, for the first time, covered
by unemployment insurance should the
pandemic make it impossible to keep a real
estate business going. At the local level, we
worked with public health staff, cities and
counties to find safe ways to keep the housing
market functioning.
INLAND EMPIRE REALTOR® NOVEMBER 2021 3
GOVERNMENT AFFAIRS UPDATE
Rep. Pete Aguilar’s Legislation
Would Allow FHA to Support
Inland Empire Residents Striving
for Homeownership
In November, Rep. Pete Aguilar (D-CA) Eastvale and Temecula are combined with
co-authored bipartisan legislation with Rep. home sales extending to the Arizona and
Mark Amodei (R-NV) that would help buyers Nevada borders to determine the cost of
using FHA financing achieve homeownership. housing, as if a home buyers who could not
Their proposed legislation, the FHA afford to buy in Upland could simply extend
Fairness Act, seeks to fix a problem that their home search to Coachella or Blythe and
has significantly limited residents in western drive in for their teaching job.
sections of San Bernardino County and For reasons that don’t have a great
Riverside County from accessing FHA- explanation, the Inland Empire is the largest
PAUL HERRERA, backed mortgages. In short, the legislation MSA in the contiguous United States. Only
GOVERNMENT AFFAIRS DIRECTOR would allow FHA to craft higher loan limits one other region, a section that mostly
in markets where a high disparity in housing encompasses rural Alaska, is larger in terms
values across a region makes it difficult for of square footage. The MSA is larger than
first time buyers to find a home. 10 U.S. states and would rank between West
FHA-insured mortgages provide a highly Virginia and South Carolina if it were its own
effective financing tool for first-time buyers state. This unwieldy definition of a common
to qualify for a 30-year, fixed-rate mortgage. housing market defies fairness when it comes
FHA mortgages have more forgiving to determining true housing costs.
qualifying criteria and the 3.5% down If approved, Rep. Aguilar’s legislation
payment significantly reduces one of the would allow for higher loan limits in
largest barriers for middle and middle-upper subregions within an MSA where housing
income families. However, the methods to costs are persistently above the region. This
calculate the upper limit of an FHA loan has, could significantly boost the effectiveness
at times, put median-priced homes out of of FHA financing in western San Bernardino
reach in some Inland Empire communities. and Riverside Counties and allow first time
The limit is calculated using home sales homebuyers the opportunity to make offers
date across a designated metropolitan in a competitive housing marketplace.
statistical area (MSA). In Southern California, It’s important to note that the legislation
Los Angeles is an MSA. Orange County is has only been introduced and still has a path
another MSA. The Inland Empire, all 27,000- ahead. IVAR will be monitoring its progress
plus square miles of Riverside and San and seeking opportunities to support Rep.
Bernardino Counties, is one housing market – Aguilar’s efforts to push the concept forward
at least according to the federal government. into law.
This means that home sales from Chino Hills,
4 INLAND EMPIRE REALTOR® NOVEMBER 2021
FALL INTO SAFETY
FALL INTO SAFETY
SEPTEMBER IS REALTOR® SAFETY MONTH
Here areSEPTEMBER IS REALTOR SAFETY MONTHthis fall:
®
three personal safety tips to remember
Here areSEPTEMBER IS REALTOR
safety tipsSAFETY MONTHthis fall:
®
three personal to remember
Here areREPLACE
three personal safety DETECTOR
YOUR SMOKE tips to remember
BATTERYthis fall:
REPLACE
Keep safe this season YOUR SMOKE
by replacing the batteryDETECTOR
in your smoke BATTERY
detector. This is also a
Keep safe this REPLACE
season by YOUR
replacing SMOKE
the DETECTOR
battery in your
good time to invest in a carbon monoxide detector as your furnace smokeBATTERY
detector.
will This is also
be used morea
good
Keep time
safeinto
often invest
this
coldseasonin abycarbon
weather, which monoxide
replacing
maythe detector
battery
increase as your
in your
the risk a furnace
smoke
of will This
detector.
carbon be used
monoxide more
isleak.
also a
goodoften
timeintocold weather,
invest which monoxide
in a carbon may increase the risk
detector of a furnace
as your carbon monoxide leak.
will be used more
often in coldSECURE
weather, YOUR
which mayHOME BY KEEPING
increase the risk ofAa LIGHT ON
carbon monoxide leak.
SECURE YOUR HOME BY KEEPING A LIGHT
This will deter potential criminals from attacking your house or vandalizing ON
This willYou
property. SECURE
deter haveYOUR
potential
don’t runHOME
tocriminals
up thefromBY attacking
KEEPING
electric A leaving
your
bill; even LIGHT
house oraON
vandalizing
small light on
property.
This willYou don’t
deter have
potential to run up
criminals the electric
from bill;
attacking
may be enough to discourage intruders. even
your leaving
house a
or small light on
vandalizing
property. You don’t have may toberun
enough
up the to electric
discouragebill;intruders.
even leaving a small light on
PROTECT mayYOURSELF
be enough toWHILE discourage intruders.
IN YOUR VEHICLE
Protect yourself from dangers like carjacking by always being awareVEHICLE
PROTECT YOURSELF WHILE IN YOUR of your surroundings. Keep your
Protect yourself from PROTECT
dangers like YOURSELF
carjacking by WHILE
always IN
beingYOUR
doors locked and windows rolled up, and call the police if you feel threatened. aware VEHICLE
of your surroundings.
Keep an emergencyKeep your
pack
doors
in your trunk with non-perishable food, water and a blanket. And don’t forget a phone charger!pack
locked
Protect and
yourself windows
from rolled
dangers up,
like and call
carjacking the
by police
always if you
being feel threatened.
aware of your Keep an
surroundings.emergency
Keep your
doorsinlocked
your trunk
and with
windowsnon-perishable
rolled up, andfood,
callwater and a ifblanket.
the police you feelAnd don’t forget
threatened. Keepa phone charger!pack
an emergency
in your trunk with non-perishable food, water and a blanket. And don’t forget a phone charger!
Stay safe on the job, year-round
Stay
with safe and
tips on the job,from
tools year-round
NAR at
Stay
with safe on the job, year-round
tips and tools from NAR at
www.REALTOR.org/Safety
with tips and tools from NAR at
www.REALTOR.org/Safety
www.REALTOR.org/Safety
INLAND EMPIRE REALTOR® NOVEMBER 2021 5
Airbnb, Predictive Analytics to Have Large
Impact on Real Estate in 2022, Expert Says
SAN DIEGO (November 14, 2021) – Airbnb will leverage “As real estate professionals, we are all trying to figure out
the biggest impact on the residential real estate market in exactly who is going to buy and sell,” he said. “These data sets
2022, according to Chris Linsell, senior real estate writer for are growing very quickly and predictive analytics algorithms
TheClose.com. Linsell shared several technology predictions are getting smarter.”
during a presentation at the 2021 REALTORS® Conference & Between 2016 and 2021 in the United States, there was a
Expo. six-fold increase in the number of real estate leads, but the
“Airbnb are not just selling their product to consumers, they number of closings only increased marginally, indicating that
are selling to the providers of the product,” Linsell said. “They Realtors® are capturing more leads, but they are less effective.
are selling twice without holding their own inventory. This “Predictive analytics cuts through this noise,” he said. “It
unique model opens up an incredible level of scalability. allows us to focus only on the consumers who are most
“Industry analysts predict that Airbnb will increase their likely to conduct transactions. This becomes a very powerful
inventory by 25% in 2022,” he added. “Many of those housing marketing sword to wield.”
units are going to come from the residential real estate Linsell warned that leads from predictive analytics marketing
market.” are often long-term nurture plays, making it difficult for
Linsell explained that converting more inventory to short- Realtors® who need more immediate results to find success.
term rentals will likely have a net-negative impact on housing “Sometimes predictive analytics will look at someone’s
availability and affordability, unless developers work to bring behavior and demographics and identify them as a person
new options to the market specifically to meet these needs. who is ready to buy or sell before that person even knows
He told the audience that there are several things that they are ready. They are going to get to that place eventually,
Realtors® can do to prepare. but we have to be ready to nurture these leads for a little bit
“You should become a zoning law expert in your local longer to get them across the finish line.”
market, advocate for sensible zoning law changes at the local Linsell provides reviews of predictive analytics companies
level, start adjusting your comparative market analyses to on TheClose.com. He recommends perfecting your strategies
account for potential market value via short-term vacation with predictive analytics while the stakes are still low.
rental income, seek out investor relationships with buyers and “Don’t go all in on this just yet. Make a nominal investment
explore getting into property management.” in it so you can understand its full value proposition. Perfect
Linsell also predicted that predictive analytics will be the your marketing strategies and then you can ramp things up in
dominant marketing strategy and the most important lead the back half of 2022.
generation approach of 2022. Predictive analytics takes large
data sets and uses them to make predictions about future
behavior.
6 INLAND EMPIRE REALTOR® NOVEMBER 2021NAR Announces New Guidance that Reinforces
Greater Transparency for Consumers
Changes more explicitly state spirit, intent of NAR Code of Ethics
and policies regarding information about commissions, broker
marketplace participation
CHICAGO (November 15, 2021) —The National Association • Ensure disclosure of compensation offered to buyer
of Realtors® announced today the adoption of changes agents. The change bolsters transparency and Realtors®’
to its guidance for local Multiple Listing Service broker existing duties and practices to talk with their clients
marketplaces that reinforce greater transparency for about what services they provide and how they are
consumers. The changes ensure disclosure of compensation compensated.
offered to buyer agents, ensure listings are not excluded from • Ensure listings aren’t excluded from search results based
search results based on the amount of compensation offered on the amount of compensation offered to buyer agents.
to buyer agents, and reinforce that buyer brokers do not This changes wording to reiterate Realtors®’ existing duty
represent their services as free. The NAR Board of Directors to inform clients about all relevant properties meeting
adopted the changes to take effect Jan. 1, 2022. their criteria.
“Grounded in our commitment to act in the best interests “This is another example of NAR constantly evolving to
of buyers and sellers, we regularly review and update our ensure pro-consumer, pro-competitive marketplaces for
guidance for local broker marketplaces to continue to buyers and sellers, and brokers,” Oppler continued. “NAR
advance efficient, equitable and transparent practices,” said is proud to be affiliated with the hundreds of local broker
NAR President Charlie Oppler. “These latest changes more marketplaces around the country and will continue to tirelessly
explicitly state what is already the spirit and intent of the pursue changes that improve the real estate experience for all
NAR Code of Ethics and local broker marketplace guidance Americans.”
regarding consumer transparency and broker participation.”
PRO-CONSUMER CHANGES ADOPTED TODAY:
• Reinforce that local marketplace participants do not
represent brokerage services as free. While Realtors®
always have been required to advertise their services
accurately and truthfully, this change creates a bright line
rule on the use of the word “free” that is easy to follow
and enforce.
INLAND EMPIRE REALTOR® NOVEMBER 2021 7THE VOICE OF REAL ESTATE IN THE INLAND EMPIRE®
A division of IVAR
Housing Data Report
OCTOBER 2021
RIVERSIDE OFFICE: 951‑684‑1221 RANCHO OFFICE: 909‑527‑2133
3690 Elizabeth St. Riverside, CA 92506 10574 Acacia St. D‑7 Rancho Cucamonga, CA 91730
8 INLAND EMPIRE REALTOR® NOVEMBER 2021HOUSING DATA REPORT OCTOBER 2021
DATA
RIVERSIDE OFFICE: 951‑684‑1221 RANCHO OFFICE: 909‑527‑2133 Riverside Office:
3690 Elizabeth St. Riverside, CA 92506 10574 Acacia St. D‑7 Rancho Cucamonga, CA 91730 3690 Elizabeth Street
Riverside, CA 92506
Rancho Cucamonga Office:
10574 Acacia St, Suite #D-7
Rancho Cucamonga, CA 91730
October 2021 - Monthly Summary Report
Oct 2021 - Monthly Summary Report
Oct-2020 Oct-2021 Annual Change
Monthly New Listings New Listings 4,675 4,011 -14.2%
6000
5000 Pending Sales 4,103 4,057 -1.1%
4000
3000
2000
Sold Listings 4,222 3,830 -9.3%
1000
Median Sales
0
Price $460,000 $549,000 19.3%
Sales Volume
($M) $2,111 $2,252 6.7%
Monthly Closed Listings Price/Sq.Ft. $252 $306 21.7%
4500
4000
3500
Sold $/List $ 101.06% 101.85% 0.8%
3000
2500 Days on Market 7 9 28.6%
2000
1500
1000
CDOM 8 10 25.0%
500
All data used to generate these reports comes from the California
0 Regional Multiple Listing Service, Inc. If you have any questions
about the data, please call the CRMLS Customer Service
Department between the hours of 8:30am to 9:00pm Monday thru
Friday or 10:00am to 3:00pm Saturday and Sunday at 800-925-
1525 or 909-859-2040.
Monthly Median Sales Price
560
540
550 550 550 546 549
520
530
Thousands
500 519
480 500
491
460 475 475
467
440 460
420
400
INLAND EMPIRE REALTOR® NOVEMBER 2021 9HOUSING DATA REPORT OCTOBER 2021 Riverside Office:
3690 Elizabeth Street
DATA
Riverside, CA 92506
RIVERSIDE OFFICE: 951‑684‑1221 RANCHO OFFICE: 909‑527‑2133
Rancho Cucamonga Office:
3690 Elizabeth St. Riverside, CA 92506 10574 Acacia St. D‑7 Rancho Cucamonga, CA 91730 10574 Acacia St, Suite #D-7
Rancho Cucamonga, CA 91730
2021
2021 - Year to-Date
Year to Date Report
Report
We are 10 months through the year:
The statistics shown below are for the first 10 months
of the years represented.
Month to month comparisons give you a quick way to
see what is recently changing in the region. However,
by comparing Year-To-Date (YTD) information across
several years, you can observe more signifiant trends.
83%
Year-Over-Year
Jan-Oct 2020 Jan-Oct 2021 Change
YTD New Listings New Listings 42,142 44,533 5.7%
45000
40000
35000 Pending Sales 37,101 39,274 5.9%
30000
25000
20000
15000
Sold Listings 33,670 37,409 11.1%
10000
5000
Median Sales
0
Price
$437,500 $526,000 20.2%
Sales Volume
($M)
$15,749 $21,196 34.6%
YTD Closed Listings Price/Sq.Ft. $236 $288 22.0%
60
50 Sold $/List $ 100.00% 102.89% 2.9%
40
30
Days on Market 13 7 -46.2%
20
CDOM 15 7 -53.3%
10
All data used to generate these reports comes from the
0
California Regional Multiple Listing Service, Inc. If you have
any questions about the data, please call the CRMLS
Customer Service Department between the hours of 8:30am to
9:00pm Monday thru Friday or 10:00am to 3:00pm Saturday
and Sunday at 800-925-1525 or 909-859-2040.
YTD Median Sales Price
600 526
500 438
390 402
340 365
Thousands
400 319
292
300 253
190 200
200
100
0
10 INLAND EMPIRE REALTOR® NOVEMBER 2021Riverside Office:
3690 Elizabeth Street
HOUSING DATA REPORT OCTOBER 2021
Riverside, CA 92506
DATA
Rancho Cucamonga Office:
10574 Acacia St, Suite #D-7
RIVERSIDE
Rancho OFFICE: 951‑684‑1221
Cucamonga, CA 91730 RANCHO OFFICE: 909‑527‑2133
3690 Elizabeth St. Riverside, CA 92506 10574 Acacia St. D‑7 Rancho Cucamonga, CA 91730
OctCity
October 2021 2021 City Overview
Overview
The following monthly data shows "YEAR-OVER-YEAR" (YOY)changes as well as current conditions in the real estate market
YOY Sales YOY Median Median Total Days on
Active Listings Price per Sq.Ft.
Transactions Sales Price % Sales Price $ Market
Alta Loma -30% 3% $ 793,250 9 $ 393 16
Banning 27% 25% $ 348,000 58 $ 258 10
Beaumont -3% 29% $ 497,500 85 $ 239 7
Bloomington 67% 40% $ 510,000 19 $ 335 11
Calimesa 86% 40% $ 515,000 21 $ 254 12
Canyon Lake -38% -6% $ 529,500 46 $ 324 22
Chino -11% 23% $ 650,000 95 $ 359 7
Chino Hills -11% 21% $ 830,000 75 $ 412 12
Claremont -27% 6% $ 845,000 27 $ 476 8
Colton 31% 27% $ 425,050 46 $ 293 9
Corona -16% 20% $ 660,000 226 $ 348 12
Diamond Bar -35% 13% $ 790,000 64 $ 459 12
Eastvale -15% 25% $ 803,000 79 $ 275 9
Fontana 2% 18% $ 560,000 191 $ 313 9
Hemet -16% 18% $ 360,000 222 $ 232 7
Highland -13% 12% $ 469,950 51 $ 305 8
Jurupa Valley -19% 29% $ 675,000 65 $ 302 11
La Verne -15% 6% $ 825,000 31 $ 444 12
Lake Elsinore -13% 22% $ 522,900 129 $ 273 11
Loma Linda -25% 18% $ 520,000 11 $ 291 15
Menifee 17% 21% $ 515,000 241 $ 266 12
Montclair 0% 27% $ 590,000 30 $ 404 9
Moreno Valley -3% 29% $ 495,000 243 $ 281 8
Murrieta -27% 23% $ 609,900 229 $ 270 10
Norco -10% 0% $ 706,500 30 $ 420 9
Nuevo/Lakeview 9% 22% $ 470,000 8 $ 268 6
Ontario -27% 18% $ 576,000 145 $ 348 9
Perris 32% 30% $ 475,000 104 $ 259 7
Pomona 30% 21% $ 580,000 100 $ 415 14
Rancho Cucamonga -22% 16% $ 680,000 174 $ 387 11
Redlands -23% 7% $ 525,000 91 $ 341 9
Rialto 25% 19% $ 500,000 91 $ 313 9
Riverside -5% 20% $ 575,000 428 $ 330 10
San Bernardino 11% 23% $ 425,000 234 $ 309 9
San Dimas -3% 33% $ 837,000 24 $ 437 8
San Jacinto -15% 27% $ 427,000 59 $ 237 8
Temecula -16% 28% $ 690,000 205 $ 314 9
Upland -26% 20% $ 716,500 80 $ 377 13
Wildomar 6% 21% $ 565,000 58 $ 250 8
Winchester -28% 12% $ 583,950 71 $ 257 14
Yucaipa -13% 24% $ 522,500 66 $ 278 11
INLAND EMPIRE REALTOR® NOVEMBER 2021 11Riverside Office:
3690 Elizabeth Street
HOUSING DATA REPORT OCTOBER 2021
Riverside, CA 92506
DATA
Rancho Cucamonga Office:
10574 Acacia St, Suite #D-7
RIVERSIDE OFFICE: 951‑684‑1221 RANCHO OFFICE: 909‑527‑2133
Rancho Cucamonga, CA 91730
3690 Elizabeth St. Riverside, CA 92506 10574 Acacia St. D‑7 Rancho Cucamonga, CA 91730
Oct -2021
October 2021 Sales-Volume
Sales Volume
per City per City
Riverside $210,852,000
Temecula $161,656,000
Corona $148,050,000
Murrieta $138,135,000
Menifee $119,534,000
Rancho Cucamonga $101,374,000
Fontana $100,432,000
San Bernardino $92,824,000
Moreno Valley $86,710,300
Ontario $71,641,600
Chino Hills $68,965,100
Hemet $66,953,900
Lake Elsinore $64,424,000
Chino $62,592,000
Perris $46,570,600
Diamond Bar $46,047,400
Rialto $45,204,500
Upland $45,065,100
Beaumont $44,743,200
Eastvale $44,477,900 Top 14 communities had
Redlands $42,641,800 combined Sales Volume
Pomona $42,013,900 of $1494
Jurupa Valley $34,573,500
Yucaipa $34,159,800
Wildomar $28,711,400
La Verne $27,987,900
Highland $27,903,400
San Dimas $27,120,500
San Jacinto $26,748,300
Winchester $25,368,600
Claremont $25,196,400
Banning $24,411,900
Norco $20,123,100
Colton $15,497,100
Canyon Lake $14,587,000
Alta Loma $13,315,500
$11,553,000
Montclair
$7,729,000
Legend:
Bloomington
$7,395,000
Loma Linda The BLUE bars show last
Calimesa $6,895,000
month's sales volume (both count
Nuevo/Lakeview $5,544,900 and dollars) for each city.
12 INLAND EMPIRE REALTOR® NOVEMBER 2021HOUSING DATA REPORT OCTOBER 2021
Riverside Office:
3690 Elizabeth Street
DATA
Riverside, CA 92506
RIVERSIDE
Rancho OFFICE: 951‑684‑1221
Cucamonga Office: RANCHO OFFICE: 909‑527‑2133
3690 Elizabeth
10574 Acacia St,St.Suite
Riverside,
#D-7CA 92506 10574 Acacia St. D‑7 Rancho Cucamonga, CA 91730
Rancho Cucamonga, CA 91730
October 2021 - Top Communities with New Listings (year-over-year)
Oct 2021 - Top Communities with New Listings (year-over-year)
-100% -80% -60% -40% -20% 0% 20% 40% 60% 80% 100%
San Jacinto 83
Winchester 70
Menifee 262
Wildomar 71
Colton 44
Upland 97
Beaumont 104
Hemet 245
Canyon Lake 41
Lake Elsinore 133
Moreno Valley 184
Fontana 191
San Bernardino 211
Banning 54
Jurupa Valley 60
Perris 78
Alta Loma 18
Chino 81
Murrieta 240
Pomona 68
Loma Linda 17
Diamond Bar 63
San Dimas 33 Legend:
Claremont 33
Corona 204
The column of numbers on
Eastvale 57
the left is the # of new
listings in each city for last
Montclair 17
month.
Rialto 59
Riverside 333
The bars show the annual
Temecula 211 percent change since the
Norco 31 same month, 1 year ago.
Yucaipa 67
Ontario 103
Calimesa 18
Chino Hills 56
Redlands 70
Nuevo/Lakeview 8
Rancho Cucamonga 157
Highland 40
Bloomington 13
La Verne 26
INLAND EMPIRE REALTOR® NOVEMBER 2021 13Riverside Office:
3690 Elizabeth Street
HOUSING DATA REPORT OCTOBER 2021
Riverside, CA 92506
DATA
Rancho Cucamonga Office:
10574 Acacia
RIVERSIDE OFFICE: St,951‑684‑1221
Suite #D-7 RANCHO OFFICE: 909‑527‑2133
Rancho
3690 Cucamonga,
Elizabeth CA92506
St. Riverside, CA 91730 10574 Acacia St. D‑7 Rancho Cucamonga, CA 91730
Sell Price vs Original List Price
Sell Price vs Original List Price
Legend: 104.500%
Any number ABOVE 100% means there is upward
pressure to raise the sell price.
103.500%
Any number BELOW 100% means there is
downward pressure to lower the sell price.
102.500%
101.500%
100.500%
99.500%
2020/2021 INLAND EMPIRE LISTINGS OVERVIEW
New Pending Closed
October 6.0% 21.9% 10.4%
November 0.1% 27.6% 21.6%
December 9.0% 22.5% 30.0%
January -13.7% 6.4% 8.2%
February -12.0% 7.9% 9.5%
March 9.7% 49.9% 12.9%
April 42.0% 68.9% 45.2%
May 14.6% 11.4% 52.5%
June 17.6% 0.3% 24.3%
July 3.2% -6.7% -4.4%
August 0.8% 3.9% 1.3%
September -2.3% 1.8% 0.7%
October -14.2% -1.1% -9.3%
MONTHLY FINANCING TYPES
Other CASH
15% 12%
FHA
15%
Conventional
58%
14 INLAND EMPIRE REALTOR® NOVEMBER 2021You can also read
