Oct. 19, 2008: Home Market Activity
The number of foreclosure postings dropped dramatically in September, but not because there are fewer homeowners in distress. Instead, the numbers are down because of a new law requiring lenders to contact homeowners and then wait 30 days before filing foreclosure notices. The goal is to encourage loan modifications that enable homeowners to stay in their home.
A total of 883 Rancho Cucamonga properties were in the foreclosure process on Oct. 19, 2008, according to reports compiled from county records for the First American CoreLogic database.
The weekly 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 me if you would like additional information. The figures were compiled from data provided by the Inland Multi-Regional Multiple Listing Service.
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.
| Rancho Cucamonga Home Market Activity | ||
| Market Activity as of Oct. 19, 2008* | Oct. 19, 2008 | Oct. 12, 2008 |
| Rancho Cucamonga Homes Listed During Week | 41 | 67 |
| Homes Listed as Pending During Week | 107 | |
| Total Number of Homes Listed for Sale | 825 | 854 |
| Single-Family (no monthly fee) | 547 | 555 |
| Homes in Associations (such as condos) | 278 | 299 |
| Vacant Homes for Sale | 342 | 359 |
| Short Sales | 286 | 287 |
| Lender-Owned Homes for Sale | 130 | 137 |
| Homes Sold During Week | 14 | 22 |
| Homes for Lease | 132 | 130 |
| Median Monthly Lease Payment | $1,950 | $1,990 |
| * As reported by the Inland Multi-Regional MLS. | ||
Posted: November 13th, 2008 under Rancho Real Estate.
Comments: none
Write a comment