March 15, 2009: Ontario Home Market Activity

Thirty-eight Ontario homes were listed for sale during the week ending March 14, 2009, and 35 homes entered escrow, according to the Inland Multi-Regional Multiple Listing Service.

A total of 615 Ontario homes were listed for sale in the MLS on March 15. Included are 382 single-family homes. There were 233 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Ontario on March 15; 285 homes were reported as vacant.

The MLS showed 157 foreclosed, or Real Estate Owned, homes listed in Ontario on March 15; 232 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 14 Ontario homes reported as sold in the MLS in the week ending March 14, 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.