March 29, 2009: Fontana Home Market Activity

Seventy-eight Fontana homes were listed for sale during the week ending March 28, 2009, and 98 homes entered escrow, according to the Inland Multi-Regional Multiple Listing Service.

A total of 1,195 Fontana homes were listed for sale in the MLS on March 29. Included were 1,100 single-family homes not in associations. There were 95 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Fontana on March 29; 593 homes were reported as vacant.

The MLS showed 326 foreclosed, or Real Estate Owned, homes listed in Fontana on March 29; 469 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender. Please note: The MLS only recently required the type of sale of listed homes to be reported when a listing is entered into the system; the numbers of homes in foreclosure or having a Notice of Default - both of which likely would have short payoffs - does not included previously listed homes.

Forty-nine Fontana homes were reported as sold in the MLS during the week ending March 28, 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.