Sept. 7, 2008: Number of Homes ‘For Sale’ Dropping
The number of previously owned homes on the market in Rancho Cucamonga has dropped about 17 percent in the past six months, and 35 percent from September 2007, according to figures available from the Inland Multi-Regional Multiple Listing Service. On Sunday, Sept. 7, 2008, there were 804 previously owned homes listed for sale in the city. On Sunday, March 9, 2008, there were 970 homes listed for sale. On Sept. 17, 2007, there were 1,237 listings available in Rancho Cucamonga.
Over the past six months, Chino showed the largest drop – 27 percent – in the number of homes listed for sale in the MLS in the region, closely trailed by Ontario, with 23 percent fewer homes listed than on March 9, 2008. In Montclair, the number of previously owned homes listed for sale in the MLS was 22 percent lower on September 7 than on March 9, 2007.
San Dimas showed the least amount of change since March, with 136 previously owned homes for sale on March 9 and 135 for sale on Sept. 7. The change was also slight in Claremont, where 118 homes were for sale on March 9 and 116 on Sept. 7. The number of listings is down almost 8 percent in Fontana, 12 percent in La Verne, 13 percent in Pomona, and 18 percent in Upland, according to the MLS.
The market activity report below is streamlined for a quick view of home listings, sales and leases available. I hope this will be convenient for viewers. Please let me know if you find it helpful and especially if you would like additional information. I have included information from last week as well.
The figures were compiled from information provided by the Inland Multi-Regional Multiple Listing Service. For additional information, please call Ila Josephs at (909) 261-3541.
Ila Josephs, an associate Realtor with Tarbell, Realtors, prepares weekly market activity reports for her website, www.ilajosephs.com, reporting sales and listings in the cities of Chino, Claremont, Fontana, La Verne, Montclair, Ontario, Pomona, Rancho Cucamonga, San Dimas and Upland as published in the MLS. For more information, call Ila at (909) 261-3541.
| Rancho Cucamonga Home Market Activity | ||
| Market Activity as of Sept. 7, 2008* | Sept. 7, 2008 | Aug. 31, 2008 |
| Rancho Cucamonga Homes Listed During Week | 32 | 60 |
| Total Number of Homes Listed for Sale | 804 | 834 |
| Single-Family (no monthly fee) | 526 | 543 |
| Homes in Associations (such as condos) | 278 | 291 |
| Vacant Homes for Sale | 322 | 331 |
| Short Sales | 255 | 268 |
| Lender-Owned Homes for Sale | 134 | 136 |
| Homes Sold During Week | 14 | 30 |
| Homes for Lease | 114 | 117 |
| Median Monthly Lease Payment | $2,000 | $2,060 |
| * As reported by the Inland Multi-Regional MLS. | ||
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.
Posted: September 7th, 2008 under Rancho Real Estate.
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