IVAR CEO Mark Dowling Speaks at Upland Real Estate Professionals Meeting

IVAR

Team Title Guy was at the recent Inland Upland Real Estate Professionals Meeting with IVAR CEO Mark Dowling.  Mark covered a range of topics and talked facts about the Inland Empire markets, specifically the Riverside and San Bernardino County urbanized areas.  We’d like to share a few key indicators from the meeting:

  • Median sales price $302,000
  • Values are still up average of 8%
  • Pricing appears to be leveling off
  • Right now homes over $500,000,  30-50% are experiencing price reductions
  • Cash buyers are now approximately 20% compared to a previous average of 35%
  • New listings as of Nov 1.9% up over prior
  • Closed Sales down as of Nov 19.0% over prior
  • Outlook is stable Flat

As you can see, these are some interesting numbers for the Inland Valleys, and with trends like these we hope we continue to see a continuous and steady flow of activity in these regions!

Included in this post is a quick snapshot from the meeting, with IVAR CEO Mark Dowling!  For more information on this IVAR meeting, any of the topics included, or general questions regarding title, please contact Rhonda or Ryan from Team Title Guy!  We appreciate your interest!

For the full version of Mark’s presentation, click here.

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