Ontario, CA

There were 4,775 homes for sale in the 10 cities in my service area on Sunday, Oct. 5, according to the local Multiple Listing Service. While that's a daunting number to home buyers and home sellers alike - for different reasons - it is less than 2 percent of the number of existing houses in Chino, Claremont, Fontana, La Verne, Montclair, Ontario, Pomona, Rancho Cucamonga, San Dimas and Upland.

Since the source of the number of houses was the 2000 census, and most communities saw a boom in construction during the first half of the decade, the actual percentage is even lower.

Fontana has seen home prices plummet since the giddy "Build, Build, Build" years shortly after 2000, when northern Fontana homes and home prices shot skyward. Based on current listings and the number of homes reported in the 2000 Census, up to 6.43 percent of Fontana homes are currently on the market. In contrast, less than 1 percent of Claremont homes are on the market. Again, homes built after the 2000 Census are not included in the total number of homes in each city.

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.

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.

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.

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.

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.

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.

Just west of Ontario Mills, at 4000 Ontario Center Parkway, is the new Citizens Business Bank Arena, soon to be home of the Ontario Reign, a minor league hockey team, and site of an array of community events.

The 11,000-seat arena will be shown to the public with self-guided tours on Oct. 18, 2008, from 10 a.m. to 6 p.m., during an Open House Community Day. The first ticket event will be an exhibition game between the Los Angeles Lakers and Oklahoma City Thunder on Oct. 24.

Fifty-three percent of homes for sale in Ontario and almost two-thirds of the homes listed in Fontana - 63 percent - have either been foreclosed or are in the foreclosure process, according to figures posted Sept. 21, 2008 by the Inland Multi-Regional Multiple Listing Service.

The percentage of available homes either owned by lenders or offered as "Short Sales" varies widely in other local cities, according to the MLS: Chino - 46 percent, Claremont - 15 percent, La Verne - 24 percent, Montclair - 49 percent, Pomona - 45 percent, Rancho Cucamonga - 50 percent, San Dimas - 40 percent, and Upland - 38 percent, as of Sept. 21, 2008.

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 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.

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.

No matter what the market, people will continue to desire to live in Ontario, as it remains one of the most attractive cities within San Bernardino County. Comparatively speaking, the Ontario housing market continues to post brisk sales.

In of July 2008, 71 single family homes and a total of 20 condos/townhomes sold, down 77 from last month. My overall view of the market is still going to slip this fall. Click Here for the San Bernardino County market report.

Closed Sales for July 2008: Up 24 from last month

106 Single Family Homes

19 Condos/Townhomes

Pending Sales for July 2008: Up 26 from last month

245 Single Family Homes

72 Condos/Townhomes

Current Actives As of Today's Post: Down 83 from last month

556 Single Family Homes

176 Condos/Townhomes

Foreclosure Activity for July 2008

91710 - 92 Notice of Defaults (NOD) The same as last month

91710 - 84 Notice of Foreclosure Sale (NOS) Up 13 from last month

91761 - 76 Notice of Defaults (NOD) Down 8 from last month

91761 - 79 Notice of Foreclosure Sale (NOS) Up 23 from last month

91762 - 72 Notice of Defaults (NOD) Down 3 from last month

91762 - 68 Notice of Foreclosure Sale (NOS) Down 2 from last month

91764 - 70 Notice of Defaults (NOD) Down 10 from last month

91764 - 60 Notice of Foreclosure Sale (NOS) Up 9 from last month

Price Per Square Foot
Looking at the price per square foot helps us understand the value placed on homes in a real estate market. Median Price per Sqft. as of September 14, 2008 for Ontario is $202, down $12 from last month.

It's important to stay in tune with the changes in the market. Call Empire Realty for your next personal real estate consultation at (909) 579-6611, or visit us on the web at Empire Realty.

For information on purchasing your next home in Ontario or anywhere in the Inland Empire call Empire Realty at 909-579-6611 or visit us on the web at Empire Realty.

Empire Realty is your one stop shop for information and Full Service at a Discount.