Feb. 22, 2009: Ontario Home Market Activity

Forty-two Ontario homes were listed for sale during the week ending Feb. 21, 2009, and 28 homes entered escrow, according to the Inland Multi-Regional Multiple Listing Service.

A total of 642 Ontario homes were listed for sale in the MLS on Feb. 22. Included are 407 single-family homes. There were 235 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Ontario on Feb. 22; 299 homes were reported as vacant.

The MLS showed 141 foreclosed, or Real Estate Owned, homes listed in Ontario on Feb. 22; 10 as In Foreclosure, and 18 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.

There were 12 Ontario homes reported as sold in the MLS in 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.