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Home Alta Loma Market Report for August 2008

Alta Loma Market Report for August 2008

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

In of August 2008, 7 single family homes and a total of 1 condos/townhomes sold, up 1 from last month. My overall view of the market is still going to slip this winter, Click Here to view a comprehensive article about the conditions of the Inland Empire market.

Closed Sales For August 2008: Up 5 from last month

17 Single Family Homes

2 Condos/Townhomes

Pending Sales For August 2008: Up 3 from last month

24 Single Family Homes

2 Condos/Townhomes

Current Actives As of Today's Post: Down 2 from last month

91 Single Family Homes

14 Condos/Townhomes

Foreclosure Activity for August 2008

91701 - 17 Notice of Defaults (NOD) Down 44 from last month

91701 - 19 Notice of Foreclosure Sale (NOS) Down 16 from last month

91737 - 12 Notice of Defaults (NOD) Down 20 from last month

91737 - 12 Notice of Foreclosure Sale (NOS) Down 10 from last month

With the lower NOD and NOS numbers this month don't go and get yourself all excited that foreclosures are subsiding. I believe that the drop in numbers is associated with the effects of SB 1137 which took effect this last month, for the full article on SB 1137 click here.

Alta Loma - 91701

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)

Alta Loma

Feb 08

17

$400

-23.1%

$223

Alta Loma

Mar 08

16

$426

-9.9%

$216

-3.1%

($7)

$26

Alta Loma

Apr 08

25

$370

-28.2%

$210

-2.8%

($6)

($56)

Alta Loma

May 08

26

$375

-30.7%

$229

9.0%

$19

$5

Alta Loma

Jun 08

29

$403

-23.6%

$200

-12.7%

($29)

$28

Alta Loma

Jul 08

33

$390

-16.6%

$202

1.0%

$2

($13)

Alta Loma

Aug 08

35

$385

-20.2%

$195

-3.5%

($7)

($5)

Feb-Aug % Change

-13%

Feb-Aug $ Change

$28

Alta loma - 91737

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)

Alta Loma

Feb 08

6

$550

0.5%

$226

Alta Loma

Mar 08

15

$547

-19.3%

$202

-10.6%

($24)

($3)

Alta Loma

Apr 08

14

$388

-39.0%

$208

3.0%

$6

($159)

Alta Loma

May 08

16

$490

-26.0%

$225

8.2%

$17

$102

Alta Loma

Jun 08

29

$455

-17.1%

$214

-4.9%

($11)

($35)

Alta Loma

Jul 08

21

$537

-4.1%

$224

4.7%

$10

$82

Alta Loma

Aug 08

30

$416

-38.2%

$224

0.0%

$0

($121)

Feb-Aug % Change

-1%

Feb-Aug $ Change

$2

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 Alta Loma 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.

Posted Tuesday Oct 14