No matter what the market, people will continue to desire to live in Mira Loma, as it remains one of the most attractive cities within San Bernardino County. Comparatively speaking, the Mira Loma housing market continues with stable sales with the foreclosure trend for this area being quite brisk.
In August 2008, 26 single family homes and 1 condos/townhomes sold, up 11 from last month. My overall view of the market is that things are starting to sell, click here to view an article written about the condition of the market in the Inland Empire.
Closed Sales For August 2008: Up 5 from last month
30 Single Family Homes
0 Condos/Townhomes
Pending Sales For August 2008: Up 4 from last month
72 Single Family Homes
2 Condos/Townhomes
Current Actives As of Today's Post: Up 48 from last month
181 Single Family Homes
5 Condos/Townhomes
Foreclosure Activity for August 2008 - 91752
23 Notice of Defaults (NOD) Down 31 from last month
64 Notice of Foreclosure Sale (NOS) Down 38 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 6, 2008 for Mira Loma is 163, down $11 from last month.
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Mira Loma- 91752
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Single Family Residences
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SFR Only
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Riverside County
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# SFR
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Price (1,000)
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% chg from Previous Year
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$/Sq Ft
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Media Price Prior to Present Month % change SFR
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Prior to Present Month Change $ Per Sq Ft
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Prior to Present Month Median $ Change ($1,000)
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Mira Loma
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Feb 08
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3
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$298
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-50.5%
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$143
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Mira Loma
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Mar 08
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18
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$405
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-22.1%
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$140
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-2.1%
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($3)
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$107
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Mira Loma
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Apr 08
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24
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$420
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-31.7%
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$157
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12.1%
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$17
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$15
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Mira Loma
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May 08
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25
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$390
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-28.6%
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$142
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-9.6%
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($15)
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($30)
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Mira Loma
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Jun 08
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25
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$365
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-25.4%
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$136
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-4.2%
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($6)
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($25)
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Mira Loma
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Jul 08
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26
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$360
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-27.9%
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$131
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-3.7%
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($5)
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($5)
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Mira Loma
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Aug 08
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34
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$359
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-27.1%
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$138
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5.3%
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$7
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($1)
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Feb-Aug % Change
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-3%
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Feb-Aug $ Change
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$5
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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 Mira Loma 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.
