We analyze several housing market indicators in order to present an in-depth breakdown of San Bernardino Homes Market comparing March 2009 to March 2010.
Summary of Key Points
San Bernardino Homes for Sale is showing signs of improvement with median sales price climbing up while at the same time houses are selling faster. Sellers received full asking price.
Key Statistics,San Bernardino,CA: Median Sales Price (10.96%), Median Days on Market (-22.87%), and Number of Units Sold (-26.11%), Sales Price to List Price Ratio (March 09 97% – March 10 100%)
San Bernardino Homes
The city of San Bernardino experienced a 10.96% increase in median sales price from last year going up from $101,286 (March 09) to $112,392 (March 2010). Median days on market data for San Bernardino show that houses are selling faster than March 09. It took 72 days in March 09 for a house to sell and for March 10 that number has gone down to 56 days (a 22.87% improvement). Another important factor to consider is total number of units sold. In the month of March 09, 314 units were sold compared to 232 for March 10 (-26.11% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for San Bernardino. SP/LP ratio for March 09 was 97% compared to 100% for March 10.
Let’s take a brief look at neighbors Fontana and Riverside. Fontana Homes featured a 3.95% increase in median sales price ($205,145 March 09 – $213,258 March 10) and Riverside Homes saw an 8.00% increase ($201,676 March 09 – $217,814 March 10). Are houses in Fontana and Riverside selling faster or slower this year? Well, Fontana experienced a 17.26% decrease (63 to 52 days) in median days on market and Riverside a 13.22% decrease (71 to 61 days). In the units sold category, Fontana sold 67 units less (-19.36%) in March 2010 than 09 and Riverside sold 106 units less (-20.95%) in March 2010 than March 09.
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