July 19, 2009 - Chino Home Market Activity

Nearly 6 out of 10 homes currently for sale in Chino are being sold by owners who owe more than they expect to receive when their home sells, according to the Inland Multi-Regional Multiple Listing Service. Eighteen Chino homes were listed for sale during the week ending July 19, 2009, according to the MLS.

A total of175 Chino homes were listed for sale in the MLS on July 19. Included were 75 single-family homes not in associations. There were 100 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Chino on July 19; 76 listed homes were reported as vacant.

The MLS showed 29 foreclosed, or Real Estate Owned, homes listed in Chino on July 19; 103 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender.

Twelve Chino homes were reported as sold in the MLS during the week ending July 18, 2009.

Ila Josephs, an associate Realtor with Tarbell, Realtors, prepares weekly reports for her website, www.ilajosephs.com, surveying home market activity in the Inland Empire cities of Chino, Claremont, Fontana, La Verne, Montclair, Ontario, Pomona, Rancho Cucamonga, and Upland. For more information, call Ila at (909) 261-3541.