March 22, 2009: Fontana Home Market Activity

Ninety-one Fontana homes were listed for sale during the week ending March 21, 2009, and 105 homes entered escrow, according to the Inland Multi-Regional Multiple Listing Service.

A total of 1,264 Fontana homes were listed for sale in the MLS on March 22. Included were 1,169 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 22; 631 homes were reported as vacant.

The MLS showed 354 foreclosed, or Real Estate Owned, homes listed in Fontana on March 22; 486 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.

Thirty-six Fontana homes were reported as sold in the MLS during the week ending March 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.