Oct. 12, 2008: Local Home Market Activity
Tightening credit as a result of volatility in the banking industry and stock markets around the world is being felt in the local home market, sending the number of available homes upward again.
The market activity report below is streamlined for a quick view of home listings, sales and leases available. I hope this will is convenient and helpful. Please contact Ila if you would like additional information. Figures from last week are included.
The figures were compiled from data provided by the Inland Multi-Regional Multiple Listing Service.
| Rancho Cucamonga Home Market Activity | ||
| Market Activity as of Oct. 12, 2008* | Oct. 12, 2008 | Oct. 5, 2008 |
| Rancho Cucamonga Homes Listed During Week | 67 | 53 |
| Total Number of Homes Listed for Sale | 854 | 750 |
| Single-Family (no monthly fee) | 555 | 503 |
| Homes in Associations (such as condos) | 299 | 247 |
| Vacant Homes for Sale | 359 | 308 |
| Short Sales | 287 | 248 |
| Lender-Owned Homes for Sale | 137 | 120 |
| Homes Sold During Week | 22 | 23 |
| Homes for Lease | 130 | 121 |
| Median Monthly Lease Payment | $1,990 | $1,950 |
| * As reported by the Inland Multi-Regional MLS. | ||
Ila Josephs, an associate Realtor with Tarbell, Realtors, prepares weekly reports for her website, www.ilajosephs.com, surveying home market activity in 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.
Posted: October 13th, 2008 under Rancho Real Estate.
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