April 5, 2009: Ontario Home Market Activity

Fifty Ontario homes were listed for sale during the week ending April 4, 2009, and 51 homes entered escrow, according to the Inland Multi-Regional Multiple Listing Service.

A total of 551 Ontario homes were listed for sale in the MLS on April 5. Included are 342 single-family homes. There were 209 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Ontario on April 5; 233 homes were reported as vacant.

The MLS showed 130 foreclosed, or Real Estate Owned, homes listed in Ontario on April 5; 240 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.

There were 26 Ontario homes reported as sold in the MLS in the week ending April 4, 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.