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Ontario, CA

Oct. 5, 2008: Ontario Home Market Activity

10-06-08
Ila Josephs
Ila Josephs: Real Estate Agent in 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.

Ontario Home Market Activity
Market Activity as of Oct. 5, 2008* Oct. 5, 2008 Sept. 28, 2008
Ontario Homes Listed During Week 37 42
Total Number of Homes Listed for Sale 675 693
Single-Family (no monthly fee) 448 462
Homes in Associations (such as condos) 227 231
Vacant Homes for Sale 318 325
Short Sales 226 228
Lender-Owned Homes for Sale 143 136
Homes Sold During Week 25 29
Homes for Lease 60 54
Median Monthly Lease Payment $1,675 $1,700
* 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.

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.

Sept. 24, 2008: Ontario Home Market Activity

09-28-08
Ila Josephs
Ila Josephs: Real Estate Agent in Ontario, CA

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.

Ontario Home Market Activity
Market Activity as of Sept. 28, 2008* Sept. 28, 2008 Sept. 21, 2008
Ontario Homes Listed During Week 42 43
Total Number of Homes Listed for Sale 693 701
Single-Family (no monthly fee) 462 471
Homes in Associations (such as condos) 231 230
Vacant Homes for Sale 325 329
Short Sales 228 232
Lender-Owned Homes for Sale 136 140
Homes Sold During Week 29 17
Homes for Lease 54 52
Median Monthly Lease Payment $1,700 $1,750
* 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.

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.

Citizens Business Bank Arena Opens in October

09-27-08
Ila Josephs
Ila Josephs: Real Estate Agent in Ontario, CA

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.

Sept. 21, 2008: Ontario Home Market Activity

09-22-08
Ila Josephs
Ila Josephs: Real Estate Agent in Ontario, CA

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.

Ontario Home Market Activity
Market Activity as of Sept. 21, 2008* Sept. 21, 2008 Sept. 14, 2008
Ontario Homes Listed During Week 43 48
Total Number of Homes Listed for Sale 701 713
Single-Family (no monthly fee) 471 477
Homes in Associations (such as condos) 230 236
Vacant Homes for Sale 329 331
Short Sales 232 46
Lender-Owned Homes for Sale 140 137
Homes Sold During Week 17 12
Homes for Lease 52 51
Median Monthly Lease Payment $1,750 $1,700
* 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.

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.

Ontario Market Report as of July 2008

Robert Huntsinger - Empire Realty Upland, CA - Full Service at a Discount : Real Estate Brokerage in Upland, CA

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.

Ontario - 91710
Single Family Residences SFR Only
San Bernardino County # SFR Price (1,000) % chg from Previous Year $/Sq Ft Media Price Prior to Present Month % change SFR Prior to Present Month Change $ Per Sq Ft Prior to Present Month Median $ Change ($1,000)
Chino Feb 08 17 $392 -20.90% $237
Chino Mar 08 29 $390 -21.70% $218 -8.02% ($19) ($2)
Chino Apr 08 25 $428 -20.20% $251 15.14% $33 $38
Chino May 08 40 $340 -32.00% $207 -17.53% ($44) ($88)
Chino Jun 08 42 $360 -28.00% $207 0.00% $0 $20
Chino Jul 08 49 $350 -29.10% $191 -7.73% ($16) ($10)
-19%
$46
Ontario - 91761
Single Family Residences SFR Only
San Bernardino County # SFR Price (1,000) % chg from Previous Year $/Sq Ft Media Price Prior to Present Month % change SFR Prior to Present Month Change $ Per Sq Ft Prior to Present Month Median $ Change ($1,000)
Ontario Feb 08 9 $322 -30.00% $228
Ontario Mar 08 11 $306 -32.70% $193 -15.35% ($35) ($16)
Ontario Apr 08 25 $350 -23.90% $204 5.70% $11 $44
Ontario May 08 18 $310 -33.70% $209 2.45% $5 ($10)
Ontario Jun 08 23 $330 -28.70% $172 -17.70% ($37) $20
Ontario Jul 08 39 $318 -36.40% $189 9.88% $17 $1
-17%
$39
Ontario - 91762
Single Family Residences SFR Only
San Bernardino County # SFR Price (1,000) % chg from Previous Year $/Sq Ft Media Price Prior to Present Month % change SFR Prior to Present Month Change $ Per Sq Ft Prior to Present Month Median $ Change ($1,000)
Ontario Feb 08 9 $338 -26.20% $222
Ontario Mar 08 8 $263 -32.70% $176 -20.72% ($46) ($75)
Ontario Apr 08 10 $262 -42.60% $185 5.11% $9 ($1)
Ontario May 08 15 $315 -21.70% $227 22.70% $42 ($10)
Ontario Jun 08 26 $282 -33.10% $192 -15.42% ($35) ($33)
Ontario Jul 08 29 $255 -33.90% $187 -2.60% ($5) $1
-16%
$35
Ontario - 91764
Single Family Residences SFR Only
San Bernardino County # SFR Price (1,000) % chg from Previous Year $/Sq Ft Media Price Prior to Present Month % change SFR Prior to Present Month Change $ Per Sq Ft Prior to Present Month Median $ Change ($1,000)
Ontario Feb 08 13 $328 -18.40% $240
Ontario Mar 08 15 $258 -35.00% $231 -3.75% ($9) ($70)
Ontario Apr 08 20 $290 -21.60% $219 -5.19% ($12) $32
Ontario May 08 22 $235 -40.50% $219 0.00% $0 ($10)
Ontario Jun 08 19 $223 -45.00% $197 -10.05% ($22) ($12)
Ontario Jul 08 30 $235 -39.00% $175 -11.17% ($22) $1
-27%
$65

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.