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August 24, 2008: Rancho Cucamonga Home Market Activity

The market activity report below is streamlined for a quick view of home listings, sales and leases available. I hope this will be more convenient for viewers. Please let me know if you find it helpful and especially if you would like additional information. The “Prior Week” column is information for the week ending August 16, 2008.

During the past year, the number of listings in each city have declined, along with prices. The number of homes sold is increasing as home buyers take advantage of lower prices and low interest rates.  There are some signs that housing prices may be leveling off – multiple offers on bank-owned properties and renewed construction in nearly every Inland Valley city. 

The figures below were compiled from information provided by the Inland Multi-Regional Multiple Listing Service. For additional information, please call Ila Josephs at (909) 261-3541. 

 

Market Activity as of August 24, 2008

Past Week

Prior Week

Rancho Cucamonga Homes Listed During Week

63

52

Total Number of Homes Listed for Sale

831

831

Single-Family (no monthly fee)

539

541

Homes in Associations (such as condos)

292

290

Vacant Homes for Sale

315

305

Short Sales

270

269

Lender-Owned Homes for Sale

130

117

Homes Sold During Week

23

19

Homes for Lease

132

128

Median Monthly Lease Payment

$2,050

$2,150

* As reported by the Inland Multi-Regional MLS.

 

 

Ila Josephs, an associate Realtor with Tarbell, Realtors, prepares weekly market activity reports for her website, www.ilajosephs.com, surveying the cities of Chino, Claremont, Fontana, La Verne, Montclair, Ontario, Pomona, Rancho Cucamonga, San Dimas and Upland. For more information, call Ila at (909) 261-3541.

Whether you are buying or selling real estate in cities along the 210 Freeway from San Dimas to Fontana, or in Ontario, Montclair or Chino, Ila will be happy to assist you.

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