Feb. 22, 2009: Fontana Home Market Activity

Ninety Fontana homes were listed for sale during the week ending Feb. 21, 2009, and 92 homes entered escrow, according to the Inland Multi-Regional Multiple Listing Service.

A total of 1,427 Fontana homes were listed for sale in the MLS on Feb. 22. Included were 1,311 single-family homes not in associations. There were 116 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Fontana on Feb. 22; 752 homes were reported as vacant.

The MLS showed 394 foreclosed, or Real Estate Owned, homes listed in Fontana on Feb. 22; 28 as In Foreclosure, and 34 as having received a Notice of Default. 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.

Twenty-six Fontana homes were reported as sold in the MLS during the week ending Feb. 21, 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.