January 23, 2018

January 2018 Redlands Real Estate Market Conditions

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There is a lack of housing inventory in Redlands at this time. This is a typically slower time of year for transactions but not this year. .There are 76 homes in escrow and only 124 active listings. Loma Linda University, Medical Center and the VA Hospital are in a growth spurt. The Vision 2020 program is a five year program that anticipates about 5000 new jobs just in Loma Lind by the yrear 2020. The new Hospital is actually a year behind and anticiptaes opening in 2121 now,However the massive new VA facilty has opened and brought many new employess to the area. Loma Linda is a small University town. It is serviced by the redlands School District. Many of the people emplyed at Loma Linda choose to live in Redlands and some of the surrounding communities. There are several new home communities in Redlands that are briskly selling out as each phase is released.

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