Redlands is a city in San Bernardino County, California, United States. As of the 2010 census, the city had a population of 68,747, up from 63,591 at the 2000 census. The population was estimated at 71,513 in 2019. The city is located approximately 7 miles (11 km) southeast of downtown San Bernardino.
The questions most often asked of us by Redlands home sellers are “How much will my home sell for?” and “How quickly will it sell?”. Of course, the answers are quite property specific, but the below charts show the local market average for the last year.
Another major factor for Redlands buyers and sellers should be listing competition. The charts below show market trends for new listings as well as the current number of active homes for sale.
These next charts are perhaps more useful for us Brokers, but are key market indicators nonetheless. Months of Inventory estimates how long it would take to sell all the homes currently on the market if no new listings were added. Most brokers still consider six months to equal a “balanced market”. Less than that is a “sellers’ market”, more is a “buyer’s market”.
The number of pending sales indicates the actual number of properties under contract. This data is particularly helpful when compared to the number of listings.
Lastly, potential buyers regularly ask about buying foreclosure properties (in search of a better deal). Since recovery from the great recession of 2008, foreclosures have remained at record lows.