Ontario, CA

November 2007 Comparison to November 2006

November Average Price Average Price Trend

November 07

# Sold 2007 2006

59 $362,547 $423,311 -14.4%

San Bernardino County Homes for Sale Monthly Totals:

November

#Sold 2007 #Sold 2006 %Chg 2007 2006

1362 1742 -21.8% $308,368 $370,929 -16.9%

Closed Residential Resale Transactions As Reported By Dataquick Information Services. I post this information monthly so you can keep up with trends in a few select cities in San Bernardino County. I always post the cities of Ontario, Chino, Chino Hills, Fontana and Rancho Cucmonga as a comparison with the specific city as well. Brought to you by: Doug Beaver Corona, Norco, Riverside Homes for sale Real Estate Realtor

http://www.coronariverside.com/

Two homes closed escrow in Ontario during the week ending Jan. 13 and 74 homes were reported in escrow on Jan. 14, according to the Inland Multi-Regional Multiple Listing Service.

The MLS said 35 new Ontario listings were added during the week, for a total inventory of 895 homes on in Ontario Jan. 14, including 607 single-family homes with no monthly fees and 288 condominiums, town homes and single-family homes in associations.

During the week, six Ontario listings expired. Some listings are put right back on the market, but other sellers are waiting until later in the year.

If you are looking at homes along the 210 Freeway from San Dimas to Fontana, or in Ontario, Montclair or Chino, I would be happy to assist you.

The biggest obstacle many renters face when trying to buy a home is the down payment. Saving money can be a challenge when wages remain steady and the costs of living - including escalating prices at the gas pump - keep climbing.

"Equity-sharing down payment programs can help financially stretched renters purchase an affordable home and have helped many buyers who otherwise would not be able to purchase a home," said Realtor Ila Josephs, who will host a "Making ‘Impossible' Home Ownership Possible" seminar at the Ontario City Library on Saturday, January 26, from 10:30 a.m. to 12:30 p.m.

"The programs are financed by public and private funds and often are referred to as ‘first-time buyer' programs," Josephs said. "That's somewhat confusing. Anyone who has not owned a home in the past three years is considered a first-time buyer in these programs. Whether an applicant qualifies for a particular program also depends on income and the number of people in the household."

"No payments on the shared-equity loan are required until the home is sold or refinanced or becomes rental property," Josephs said. "Then the loan must be repaid along with a share of the increased value of the house. In some cases, a portion of the loan is ‘forgiven' if the buyer keeps the house for a certain number of years."

Spanish-speaking renters often do not even know such programs exist, said Realtor Lupe Espinoza. "We are making a concerted effort to inform the Spanish-language community so they too can establish roots in our communities and live close to where they work."

Information about down payment assistance programs in the area will be provided at the "Making ‘Impossible' Home Ownership Possible" seminar. A panel of Realtors and loan consultants will discuss the advantages of such programs and answer questions.

The seminar will cover misconceptions about home buying, down payment options, credit scoring and loan pre-qualifications, the home loan process, selecting a real estate professional, and the home purchase process and costs in addition to information on first-time home buyer programs. The seminars are at no cost to the public, but pre-registration is recommended. For more information and pre-registration, please visit http://www.ilajosephs.com/ or call (909) 261-3541.

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 December 2007, 31 single family homes and a total of 14 condos/townhomes sold, down by 1 from last month. Total sales are down 60.2% for the same period last year and down 28.4% from last month's sales
in the Inland Valley MLS, keep in mind that some of this is seasonal trends coming into play.

My overall view of the market is still slipping, Click Here to view a comprehensive article about the conditions of the Inland Empire market.

Closed Sales For December 2007: Down by 10 from last month

27 Single Family Homes

7 Condos/Townhomes

Pending Sales For December 2007: Down 13 from last month

55 Single Family Homes

23 Condos/Townhomes

Current Actives As of Today's Post: Down 48 from last month

686 Single Family Homes

212 Condos/Townhomes

Foreclosure Activity for December 2007

91710 - 30 Notice of Defaults (NOD) Down 7 from last month

91710 - 3 Notice of Foreclosure Sale (NOS) Up 8 from last month

91761 - 37 Notice of Defaults (NOD) Up 13 from last month

91761 - 23 Notice of Foreclosure Sale (NOS) Down 1 from last month

91762 - 37 Notice of Defaults (NOD) Up 11 from last month

91762 - 18 Notice of Foreclosure Sale (NOS) Down 5 from last month

91764 - 33 Notice of Defaults (NOD) Up 5 from last month

91764 - 12 Notice of Foreclosure Sale (NOS) Down 10 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 La Verne 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.

Six homes closed escrow in Ontario during the week ending Jan. 6 and 68 homes were reported in escrow on Jan. 6, according to the Inland Multi-Regional Multiple Listing Service.

The MLS said 38 new Ontario listings were added during the week, for a total inventory of 879 homes on Jan. 6, including 593 single-family homes with no monthly fees and 286 condominiums, town homes and single-family homes in associations.

During the week, 65 Ontario listings expired. Some re-listed, but other sellers are waiting until later in the year.

If you are looking at homes along the 210 Freeway from San Dimas to Fontana, or in Ontario, Montclair or Chino, I would be happy to assist you. Contact me or visit my website, http://www.ilajosephs.com/.