Robert Huntsinger - Empire Realty Upland, CA - 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 August 2008, 7 single family homes and a total of 1 condos/townhomes sold, up 1 from last month. My overall view of the market is still going to slip this winter, Click Here to view a comprehensive article about the conditions of the Inland Empire market.

Closed Sales For August 2008: Up 5 from last month

17 Single Family Homes

2 Condos/Townhomes

Pending Sales For August 2008: Up 3 from last month

24 Single Family Homes

2 Condos/Townhomes

Current Actives As of Today's Post: Down 2 from last month

91 Single Family Homes

14 Condos/Townhomes

Foreclosure Activity for August 2008

91701 - 17 Notice of Defaults (NOD) Down 44 from last month

91701 - 19 Notice of Foreclosure Sale (NOS) Down 16 from last month

91737 - 12 Notice of Defaults (NOD) Down 20 from last month

91737 - 12 Notice of Foreclosure Sale (NOS) Down 10 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.

Alta Loma - 91701
		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)
Alta Loma	Feb 08	17	$400	-23.1%	$223
Alta Loma	Mar 08	16	$426	-9.9%	$216	-3.1%	($7)	$26
Alta Loma	Apr 08	25	$370	-28.2%	$210	-2.8%	($6)	($56)
Alta Loma	May 08	26	$375	-30.7%	$229	9.0%	$19	$5
Alta Loma	Jun 08	29	$403	-23.6%	$200	-12.7%	($29)	$28
Alta Loma	Jul 08	33	$390	-16.6%	$202	1.0%	$2	($13)
Alta Loma	Aug 08	35	$385	-20.2%	$195	-3.5%	($7)	($5)
			Feb-Aug % Change		-13%
			Feb-Aug $ Change		$28
Alta loma - 91737
		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)
Alta Loma	Feb 08	6	$550	0.5%	$226
Alta Loma	Mar 08	15	$547	-19.3%	$202	-10.6%	($24)	($3)
Alta Loma	Apr 08	14	$388	-39.0%	$208	3.0%	$6	($159)
Alta Loma	May 08	16	$490	-26.0%	$225	8.2%	$17	$102
Alta Loma	Jun 08	29	$455	-17.1%	$214	-4.9%	($11)	($35)
Alta Loma	Jul 08	21	$537	-4.1%	$224	4.7%	$10	$82
Alta Loma	Aug 08	30	$416	-38.2%	$224	0.0%	$0	($121)
			Feb-Aug % Change		-1%
			Feb-Aug $ Change		$2

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.

No matter what the market, people will continue to desire to live in Claremont, as it remains one of the most prestigious cities within San Bernardino County. Comparatively speaking, the Claremont housing market is starting to show signs of a slowing market.

In of August 2008, 6 single family homes and 1 condos/townhomes sold, down 2 from last month. My overall view of the market is still slipping, Click Here to view an article that explains the housing market in the Inland Empire.

Closed Sales For August 2008: Up 5 from last month

27 Single Family Homes

1 Condos/Townhomes

Pending Sales For August 2008: Up 7 from last month

28 Single Family Homes

3 Condos/Townhomes

Current Actives As of Today's Post: Up 13 from from last month

109 Single Family Homes

19 Condos/Townhomes

Foreclosure Activity for August 2008 - 91711

2 Notice of Defaults (NOD) Down 7 from last month

8 Notice of Foreclosure Sale (NOS) Up 2 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 Claremont is $287, down $14 from last month.

	Single Family Residences			SFR Only
Los Angeles 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)
Feb 08	20	$495	-16.2%	$291
Mar 08	21	$455	-24.2%	$295	1.4%	$4	($40)
Apr 08	19	$550	2.8%	$300	1.7%	$5	$95
May 08	20	$485	-13.4%	$258	-14.0%	($42)	($65)
Jun 08	22	$560	-11.4%	$293	13.6%	$35	$75
Jul 08	23	$550	-8.9%	$283	-3.4%	($10)	($10)
Aug 08	34	$508	-17.4%	$284	0.4%	$1	($42)
		Feb-Aug % Change		-2%
		Feb-Aug $ Change		$7

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 Claremont 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 Upland, as it remains one of the most prestigious cities within San Bernardino County. Comparatively speaking, the Upland housing market continues to outpace the bulk of cities in the San Bernardino County.

In of August 2008, 28 single family homes and a total of 3 condos/townhomes entered escrow, down 7 from last month. My overall view of the market is still slow but it is stabilizing, Click Here to view an article about the market conditions of the Inland Empire.

Closed Sales for August 2008: Down 10 from Last Month

37 Single Family Homes

8 Condos/Townhomes

Pending Sales for August 2008: Down 4 from last month

81 Single Family Homes

11 Condos/Townhomes

Current Actives as of Today's Post: Up 24 from last month, here comes the building inventory.

313 Single Family Homes

41 Condos/Townhomes

Foreclosure Activity for August 2008

91784 - 13 Notice of Defaults (NOD) Down 8 from last month

91784 - 14 Notice of Foreclosure Sale (NOS) Down 5 from last month

91786 - 13 Notice of Defaults (NOD) Down 27 from last month

91786 - 20 Notice of Foreclosure Sale (NOS) Down 16 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 Upland is 232, down $6 from last month.

	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)
Feb 08	16	$538	-16.7%	$212
Mar 08	13	$527	-21.9%	$230	8.5%	$18	($11)
Apr 08	13	$560	-16.6%	$245	6.5%	$15	$33
May 08	20	$495	-24.8%	$236	-3.7%	($9)	($65)
Jun 08	20	$503	-26.6%	$243	3.0%	$7	$8
Jul 08	34	$501	-20.6%	$213	-12.3%	($30)	($2)
Aug 08	24	$530	-13.1%	$211	-0.9%	($2)	$29
		Feb-Aug % Change		0%
		Feb-Aug $ Change		$1
	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)
Feb 08	10	$330	-25.8%	$256
Mar 08	13	$388	-18.4%	$247	-3.5%	($9)	$58
Apr 08	17	$358	-28.1%	$231	-6.5%	($16)	($30)
May 08	14	$338	-25.0%	$201	-13.0%	($30)	($20)
Jun 08	25	$305	-35.6%	$225	11.9%	$24	($33)
Jul 08	20	$380	-14.7%	$211	-6.2%	($14)	$75
Aug 08	18	$325	-33.0%	$204	-3.3%	($7)	($55)
		Feb-Aug % Change		-20%
		Feb-Aug $ Change		$52

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 Upland 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 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.

Mira Loma- 91752
		Single Family Residences			SFR Only
Riverside 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)
Mira Loma	Feb 08	3	$298	-50.5%	$143
Mira Loma	Mar 08	18	$405	-22.1%	$140	-2.1%	($3)	$107
Mira Loma	Apr 08	24	$420	-31.7%	$157	12.1%	$17	$15
Mira Loma	May 08	25	$390	-28.6%	$142	-9.6%	($15)	($30)
Mira Loma	Jun 08	25	$365	-25.4%	$136	-4.2%	($6)	($25)
Mira Loma	Jul 08	26	$360	-27.9%	$131	-3.7%	($5)	($5)
Mira Loma	Aug 08	34	$359	-27.1%	$138	5.3%	$7	($1)
			Feb-Aug % Change		-3%
			Feb-Aug $ Change		$5

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.

FORECLOSURERADAR.COM - Riverside County - August 2008

In reviewing the foreclosure statistics for Riverside County we found that we continue to be near the peak of the foreclosure activity. Next month's report we expect a huge decrease in NOD's due to impacts of SB1137. For the full impact of SB 1137 on the foreclosure process review our earlier post titled SB 1137 will change foreclosure numbers.

The ratio of the NOS's to NOD's, with a 90 day lag, continues at an alarmingly high ratio, as it continues at a high rate as it has all year, currently it is at 88% down 5% from last month. (Why a 90 day lag on the data? NOD's expire and move into NOS's at 90 days)

The number of NOD's is near the peak for this year last month at 5,340 a 8.2% increase from last month.

Here is where we break out the crystal ball, we predict the following:

NOS's for August will be 4,730

NOS's for September will be 4,490

NOS's for October will be 4,340,

NOS's for October who knows due to the effects of SB 1137.

We used 88% of the NOD's to come up with these numbers with a 90 day lag. Keep in mind that the NOS cure rate is still around 12% so the actual number of foreclosures will be less.

How was last month's prediction?

We predicted the NOS's would hit approx. 4,730 in August 2008, they came in at 4,721. Our prediction was close enough to be the same. We missed the prediction by 9 units.

Here is the raw data:

NOD's - Notice of Default
	Mar	Apr	May	Jun	Jul	Aug
2006
2007	2,187	2,117	2,320	2,716	2,968	3,609
2008	5,384	5,221	5,385	5,111	4,935	5,340
2008 % Change M to M	21.0%	-3.0%	3.1%	-5.1%	-3.4%	8.2%
2008 % Change Y to Y	146.2%	146.6%	132.1%	88.2%	66.3%	48.0%
NOS's - Notice of Sale
	Mar	Apr	May	Jun	Jul	Aug
2006
2007	1,242	1,080	1,580	1,423	1,693	1,708
2008	3,629	4,150	4,447	4,619	4,835	4,721
2008 % Change M to M	102.6%	14.4%	7.2%	3.9%	4.7%	-2.4%
2008 % Change Y to Y	192.2%	284.3%	181.5%	224.6%	185.6%	176.4%
Data Source: foreclosureradar.com - Analysis Empire Realty

Here is some new data that tracks median and price per square foot,

	Single Family Residences			SFR Only
RIVERSIDE 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)
Feb 2008	1,386	$307	-24.3%	$151
Mar 2008	1,748	$290	-30.1%	$143	-5.3%	($8)	($17)
Apr 2008	2,219	$284	-30.9%	$138	-3.5%	($5)	($6)
May 2008	2,470	$271	-34.0%	$132	-4.3%	($6)	($13)
Jun 2008	2,842	$263	-33.4%	$128	-3.0%	($4)	($8)
Jul 2008	3,251	$250	-37.0%	$123	-3.9%	($5)	($13)
Aug 2008	3,247	$235	-40.5%	$120	-2.4%	($3)	($15)
		Feb-Aug % Change		-21%
		Feb-Aug $ Change		$31

Data Source: Data Quick - Analysis Empire Realty

Empire Realty is your real estate source for useful and money saving information.

For the full reports on the Inland Empire visit Empire Realty's Market Reports Blog.

Empire Realty is your real estate source for useful and money saving information.

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 or listing your next home in Upland, Rancho Cucamonga, Alta Loma, La Verne, Mira Loma, Riverside, Corona, Chino, Chino hills, Ontario, Claremont 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.