Rancho Cucamonga Real Estate Market - Jan 2012

Rancho Cucamonga Real Estate Market - Jan 2012

Whether the Rancho Cucamonga Real Estate Market is up or down, I consistently get the same question from people I encounter - “Mykel, how’s the market?” I know they're not asking because they’re interested in my business, I realize it’s a topic that's on the top of every Rancho Cucamonga home owners, home sellers and home buyers list now days.

This is what is happening in the Rancho Cucamonga Real Estate Market Today

If you are ready, find out why now is an exceptional time to buy a home in Rancho Cucamonga.

The Community Characteristics below represent factors that have a strong influence on the Rancho Cucamonga real estate market today.

Rancho Cucamonga Real Estate Market

Community Characteristics

Rancho Cucamonga Real Estate Market

Market Stability Summary

According to the Charts above, the average price per square foot for the Rancho Cucamonga real estate market at the time of this report was $187, an increase of about 8.1% compared to this same time last year. The median list price on homes for sale in the Rancho Cucamonga real estate market was $362,390; The 91730 zip code being the most affordable area and the 91739 zip code representing the most expensive area in the Rancho Cucamonga real estate market. The average Days on Market in Rancho Cucamonga continues to be 80 days. The overall percentage of distressed properties (pre-foreclosure, foreclosure, or bank-owned) stand at about 60%; the largest concentration being in the 91730 zip code and the smallest percentage being in the 91739 zip code.

Rancho Cucamonga Real Estate Market

Inventory Trends

Comparing the number of Sold properties in Rancho Cucamonga to New listings will help you understand if the Rancho Cucamonga real estate market inventory is growing or shrinking. When the inventory is growing, the market is trending towards a Buyer's Market. When inventory is shrinking, the market is considered a Seller's Market.

You can gauge the health of the Rancho Cucamonga real estate market by comparing the number of Standard to Distressed listings. When the number of distressed listings is greater, the market is considered a Buyer's Market.

Sold: Represent Rancho Cucamonga Properties sold that month

New: Rancho Cucamonga Listings that are new on the market

Distressed: Properties that are Listed as Short Sales or Bank Owned.

Standard: Non-distressed Rancho Cucamonga Property listings

Rancho Cucamonga Real Estate Market

Property Ownership

This chart below shows home occupancy within each Rancho Cucamonga zip code.

A high percentage of ownership easily indicates an area where people like to live and stable property prices. The higher percentage of rentals in the 91730 zip code indicates an area with shifting demographics, often a younger community and more of a downtown area.

High vacancy rates are general indications that a market is unhealthy making it tough to sell a home in that particular area. Notice that none of the areas have a high vacancy rate.

Looking for Current Market Trends, Analysis or Statistics for Rancho Cucamonga?

Click the link above to view current Rancho Cucamonga real estate market data that is consolidated from multiple sources and includes current Rancho Cucamonga home listings, recent Rancho Cucamonga home sales, and more. Whether you're a buyer or seller, the knowledge you gain will help put you in control of your real estate transaction.

Call or email us anytime to discuss how this Rancho Cucamonga Real Estate Market information affects your upcoming Rancho Cucamonga home sale or home purchase.