No matter what the market, people will continue to desire to live in Hesperia, as it remains one of the most affordable cities within San Bernardino County.
In of August 2008, 22 single family homes and a total of 0 condos/townhomes sold, down 15 from last month. My overall view of the market is still slipping, Click Here to view a comprehensive article about the conditions of the Inland Empire market.
Closed Sales For August 2008, Up 2 from last month
47 Single Family Homes
0 Condos/Townhomes
Pending Sales For August 2008, Up 18 from last month
138 Single Family Homes
1 Condos/Townhomes
Current Actives as of Today's Post, Up 113 from last month, a sign of building inventory
702 Single Family Homes
3 Condos/Townhomes
Foreclosure Activity for August 2008
92344 - 32 Notice of Defaults (NOD), Down 59 from last month
92344 - 47 Notice of Foreclosure Sale (NOS), Down 45 from last month
92345 - 81 Notice of Defaults (NOD), Down 142 from last month
92345 - 118 Notice of Foreclosure Sale (NOS), Down 101 from last month
With the lower NOD and NOS numbers this month don't go and get yourself all excited that foreclosures are subsiding. I believe that the drop in numbers is associated with the effects of SB 1137 which took effect this last month, for the full article on SB 1137 click here.
Price Per Square Foot
Looking at the price per square foot helps us understand the value placed on homes in a real estate market. Median Price per Sqft. as of October 12, 2008 for Hesperia is $106, down $9 from last month.
|
Hesperia - 92344
|
| |
|
Single Family Residences
|
SFR Only
|
|
|
|
|
San Bernardino County
|
# SFR
|
Price (1,000)
|
% chg from Previous Year
|
$/Sq Ft
|
Media Price Prior to Present Month % change SFR
|
Prior to Present Month Change $ Per Sq Ft
|
Prior to Present Month Median $ Change ($1,000)
|
|
|
|
|
Hesperia
|
Feb 08
|
14
|
$251
|
-31.2%
|
$115
|
|
|
|
|
|
|
|
Hesperia
|
Mar 08
|
30
|
$238
|
-38.0%
|
$97
|
-15.7%
|
($18)
|
($13)
|
|
|
|
|
Hesperia
|
Apr 08
|
31
|
$224
|
-40.4%
|
$97
|
0.0%
|
$0
|
($14)
|
|
|
|
|
Hesperia
|
May 08
|
36
|
$219
|
-46.7%
|
$95
|
-2.1%
|
($2)
|
($5)
|
|
|
|
|
Hesperia
|
Jun 08
|
25
|
$233
|
-34.4%
|
$93
|
-2.1%
|
($2)
|
$14
|
|
|
|
|
Hesperia
|
Jul 08
|
41
|
$208
|
-43.9%
|
$95
|
2.2%
|
$2
|
($25)
|
|
|
|
|
Hesperia
|
Aug 08
|
54
|
$210
|
-42.9%
|
$85
|
-10.5%
|
($10)
|
$2
|
|
|
|
| |
|
|
Feb-Aug % Change
|
-26%
|
|
|
|
|
|
|
| |
|
|
Feb-Aug $ Change
|
$30
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Hesperia - 92345
|
| |
|
Single Family Residences
|
SFR Only
|
|
|
|
|
San Bernardino County
|
# SFR
|
Price (1,000)
|
% chg from Previous Year
|
$/Sq Ft
|
Media Price Prior to Present Month % change SFR
|
Prior to Present Month Change $ Per Sq Ft
|
Prior to Present Month Median $ Change ($1,000)
|
|
|
|
|
Hesperia
|
Feb 08
|
39
|
$215
|
-31.7%
|
$122
|
|
|
|
|
|
|
|
Hesperia
|
Mar 08
|
56
|
$184
|
-39.2%
|
$114
|
-6.6%
|
($8)
|
($31)
|
|
|
|
|
Hesperia
|
Apr 08
|
57
|
$190
|
-37.6%
|
$113
|
-0.9%
|
($1)
|
$6
|
|
|
|
|
Hesperia
|
May 08
|
86
|
$180
|
-37.0%
|
$110
|
-2.7%
|
($3)
|
($10)
|
|
|
|
|
Hesperia
|
Jun 08
|
86
|
$169
|
-43.8%
|
$105
|
-4.5%
|
($5)
|
($11)
|
|
|
|
|
Hesperia
|
Jul 08
|
84
|
$170
|
-34.9%
|
$105
|
0.0%
|
$0
|
$1
|
|
|
|
|
Hesperia
|
Aug 08
|
99
|
$164
|
-42.5%
|
$99
|
-5.7%
|
($6)
|
($6)
|
|
|
|
| |
|
|
Feb-Aug % Change
|
-19%
|
|
|
|
|
|
|
| |
|
|
Feb-Aug $ Change
|
$23
|
|
|
|
|
|
|
It's important to stay in tune with the changes in the market. Call Empire Realty for your next personal real estate consultation at (909) 579-6611, or visit us on the web at Empire Realty.
For information on purchasing your next home in Hesperia or anywhere in the Inland Empire call Empire Realty at 909-579-6611 or visit us on the web at Empire Realty.
Empire Realty is your one stop shop for information and Full Service at a Discount.
