No matter what the market, people will continue to desire to live in Ontario, as it remains one of the most attractive cities within San Bernardino County. Comparatively speaking, the Ontario housing market continues to post brisk sales.
In of December 2007, 31 single family homes and a total of 14 condos/townhomes sold, down by 1 from last month. Total sales are down 60.2% for the same period last year and down 28.4% from last month's sales
in the Inland Valley MLS, keep in mind that some of this is seasonal trends coming into play.
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 December 2007: Down by 10 from last month
27 Single Family Homes
7 Condos/Townhomes
Pending Sales For December 2007: Down 13 from last month
55 Single Family Homes
23 Condos/Townhomes
Current Actives As of Today's Post: Down 48 from last month
686 Single Family Homes
212 Condos/Townhomes
Foreclosure Activity for December 2007
91710 - 30 Notice of Defaults (NOD) Down 7 from last month
91710 - 3 Notice of Foreclosure Sale (NOS) Up 8 from last month
91761 - 37 Notice of Defaults (NOD) Up 13 from last month
91761 - 23 Notice of Foreclosure Sale (NOS) Down 1 from last month
91762 - 37 Notice of Defaults (NOD) Up 11 from last month
91762 - 18 Notice of Foreclosure Sale (NOS) Down 5 from last month
91764 - 33 Notice of Defaults (NOD) Up 5 from last month
91764 - 12 Notice of Foreclosure Sale (NOS) Down 10 from last month
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 La Verne 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.
I just read the MLS statistics for the Inland Valley Board of Realtors for December and all I can say is that the market continues to follow the downward trends in the Inland Empire of California. This comment has been repeated for a couple months and I cannot say that I identify any change in this trend in the near future!
Statistics and Analysis
Active Listing dropped 0.9% from Dec 06 to Dec 07 with a 22.1% drop from Nov 07 to Dec 07, the year to year drop is the lowest for all of 2007 and the month to month drop is well within historical drops for this month, all of this is good news. The Closed transactions dropped dramatically, 60.2% from Dec 06 to Dec 07 with a 13.0% drop from Nov 07 to Dec 07, these are both very high and is not good news. The ratio of Active Listings to Pending Listings has dropped 22.2% from 06 to 07. No worries though as we should expect this in winter. The big test will come in May of 2008 to see if the sales start to recover or if they will continue to plummet.
Year End Numbers
Active Listings for 2007 have increased by 0.6% from 2006, Pending Listings dropped 31.8% or 22,157, and Sold Listings have dropped 39.6% or 25,031. The ratio of Pending Sales to Closed sales has slid 13.6%, this tells us that fewer pending sales are concluding in a closed sale.
Nothing has changed in my mind, I feel that the real view of where prices are heading can be drawn from the Average Price per Square Foot Data.
Jun 07 down 44.4% from 06, Jul 07 down 32.3% from 06, Aug 07 down 57.5% from 06, Sep 07 down 34.2% from 06, Oct 07 down 11.4% from 06 and Nov 07 down 13.7% from 06. All told the Average Price per Square Foot has dropped an amazing 39.0% from its peak in April 07 of $425 a square foot to $259 a square foot in December 07. Some may say this is skewed by sales of high or low end homes, I say not! These averages are based on sales volumes of $1.8 Billion in April and $943 Million in December, more than enough sales to ensure that there is enough market spread. The December price per square foot increased 142.4% to $1,258 a square foot that tells me that there were many high end sales, expect this number to decease next year.
Here is a sample of some of the stats, derived from market statistics of the Inland Valley Association of Realtors.
Pending Listings Sold Listings
October 06 5,033 4,800
October 07 3,676 2,389
November 06 4,571 4,407
November 07 3,368 2,051
December 06 3,885 4,480
December 07 3,050 1,785
To further illustrate where the market is headed I have included some stats from Foreclosureradar.com about Notice of Defaults (NOD's) and Foreclosure Sales in San Bernardino County. Defaults and Notice of Sales are running strong. For December the number of NOD's are up 76.3% from last year and the NOS's are up a whopping 177.6%.
Notice of Defaults Notice of Sale Cancellation of Sale
August 07 2,176 1,406 221
September 07 2,435 1,894 263
October 07 982 1,169 270
November 07 2,414 1,391 206
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.
Empire Realty where Superior Full Service at a Discount Lives!!! Take a look at our Marketing Plan. We are the Internet experts, with Featured and Enhanced Listings n Realtor.com and total exposure at over 25 different on-line home sites you know your home will get to a Buyer
No matter what the market, people will continue to desire to live in LaVerne, as it remains one of the most prestigious cities within San Bernardino County. Comparatively speaking, the La Verne housing market continues to post brisk sales.
In of December 2007, 9 single family homes and a total of 0 condos/townhomes sold, down 3 from last month. Total sales are down 60.2% for the same period last year and down 28.4% from last month's sales in the Inland Valley MLS, keep in mind that some of this is seasonal trends coming into play.
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 December 2007: Down 3 from last month
6 Single Family Homes
2 Condos/Townhomes
Pending Sales For December 2007: Down 3 from last month
12 Single Family Homes
2 Condos/Townhomes
Current Actives As of Today's Post: Down 16 from last month
95 Single Family Homes
14 Condos/Townhomes
Foreclosure Activity for November 2007
5 Notice of Defaults (NOD) Down by 2 from last month
5 Notice of Foreclosure Sale (NOS) Up by 2 from last month
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 December 30, 2007 for La Verne is 326, down $12 from last month.
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 La Verne 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.
No matter what the market, people will continue to desire to live in Montclair, as it remains one of the most attractive cities within San Bernardino County.
Comparatively speaking, the Montclair housing market continues to slow. In of December 2007, 10 single family homes and a total of 1 condos/townhomes sold up 1 from last month. Total sales are down 60.2% for the same period last year and down 28.4% from last month's sales in the Inland Valley MLS, keep in mind that some of this is seasonal trends coming into play.
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 December 2007: Down 1 from Last Month
3 Single Family Homes
3 Condos/Townhomes
Pending Sales For December 2007: Up 2 from Last Month
16 Single Family Homes
2 Condos/Townhomes
Current Actives As of Today's Post: Down by 13 from Last Month
147 Single Family Homes
32 Condos/Townhomes
Foreclosure Activity for December 2007
22 Notice of Defaults (NOD) Up 6 from last month
10 Notice of Foreclosure Sale (NOS) Down 2 from last month
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 Montclair 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.
No matter what the market, people will continue to desire to live in Alta Loma, as it remains one of the most attractive cities within San Bernardino County. Comparatively speaking, the Alta Loma housing market continues to post brisk sales.
In of December 2007, 15 single family homes and a total of 1 condos/townhomes sold, up slightly from last month. Total sales are down 60.2% for the same period last year and down 28.4% from last month's sales in the Inland Valley MLS, keep in mind that some of this is seasonal trends coming into play.
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 December 2007: Up by 1 from Last Month
9 Single Family Homes
1 Condos/Townhomes
Pending Sales For December 2007: Down by 7 from Last Month
18 Single Family Homes
1 Condos/Townhomes
Current Actives As of Today's Post: Down by 11 from Last Month
166 Single Family Homes
6 Condos/Townhomes
Foreclosure Activity for December 2007
43 Notice of Defaults (NOD) Up by 12 from last month
23 Notice of Foreclosure Sale (NOS) Up by 10 from last month
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 Alta 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.
 |
|
|
As a home seller, you can now say goodbye to the old, inefficient and expensive way of selling your home. At Empire Realty our whole mission is to provide you with superior service at a discount.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
