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 June 2008, 16 single family homes and 0 condos/townhomes sold, down 21 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 July 2008: Up 5 from last month
25 Single Family Homes
0 Condos/Townhomes
Pending Sales For July 2008: Up 11 from last month
67 Single Family Homes
3 Condos/Townhomes
Current Actives As of Today's Post: Down 22 from last month
134 Single Family Homes
4 Condos/Townhomes
Foreclosure Activity for July 2008 - 91752
54 Notice of Defaults (NOD) Down 7 from last month
64 Notice of Foreclosure Sale (NOS) Up 17 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 September 7, 2008 for Mira Loma is 174, down $16 from last month.
|
Mira Loma - 91752 |
|||||||||||
|
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) |
||||
|
Mira Loma |
Feb 08 |
3 |
$298 |
-50.50% |
$143 |
||||||
|
Mira Loma |
Mar 08 |
18 |
$405 |
-22.10% |
$140 |
-2.10% |
($3) |
$107 |
|||
|
Mira Loma |
Apr 08 |
24 |
$420 |
-31.70% |
$157 |
12.14% |
$17 |
$15 |
|||
|
Mira Loma |
May 08 |
25 |
$390 |
-28.60% |
$142 |
-9.55% |
($15) |
($30) |
|||
|
Mira Loma |
Jun 08 |
25 |
$365 |
-25.40% |
$136 |
-4.23% |
($6) |
($25) |
|||
|
Mira Loma |
Jul 08 |
26 |
$360 |
-27.90% |
$131 |
-3.68% |
($5) |
($5) |
|||
|
-8% |
|||||||||||
|
$12 |
|||||||||||
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.
The number of Southern California homes sold last month edged up to its highest level in more than a year as bargain hunters swept up foreclosure properties in affordable neighborhoods, a real estate information service reported.
"What we're looking at is a fire sale of properties in newer affordable neighborhoods that were bought or refinanced near the price peak with lousy mortgages. What we're still not seeing is this level of distress spreading to more expensive or established neighborhoods," said John Walsh, MDA DataQuick president.
Indicators of market distress continue to move in different directions. Foreclosure activity is at record levels, financing with adjustable-rate mortgages is near the all-time low as is financing with multiple mortgages. Down payment sizes and flipping rates are stable, non-owner occupied buying activity appears flat but may be emerging, MDA DataQuick reported.
|
Sales Volume |
Median Price |
|||||
|
All homes |
Jul-07 |
Jul-08 |
%Chng |
Jul-07 |
Jul-08 |
%Chng |
|
Los Angeles |
6,809 |
6,592 |
-3.2% |
$547,500 |
$400,000 |
-26.90% |
|
Orange |
2,391 |
2,799 |
17.1% |
$640,000 |
$461,000 |
-28.00% |
|
Riverside |
2,769 |
4,116 |
48.6% |
$399,000 |
$260,000 |
-34.80% |
|
San Bernardino |
2,008 |
2,521 |
25.5% |
$355,000 |
$230,000 |
-35.20% |
|
San Diego |
3,106 |
3,431 |
10.5% |
$489,000 |
$364,000 |
-25.60% |
|
Ventura |
784 |
870 |
11.0% |
$582,500 |
$420,000 |
-27.90% |
|
SoCal |
17,867 |
20,329 |
13.8% |
$505,000 |
$348,000 |
-31.10% |
At Empire Realty we analyze the Inland Empire data a little closer to get to the month to month changes along with the change in cost per square feet. This information proves to be invaluable to us in determining the direction of the market.
|
County Sales Totals |
||||||||||
|
Single Family Residences |
SFR Only |
|||||||||
|
|
# 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) |
|||
|
Riverside |
|
|
|
|
|
|
||||
|
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) |
|||
|
-19% |
||||||||||
|
$28 |
||||||||||
|
San Bernardino |
||||||||||
|
Feb 2008 |
878 |
$260 |
-28.8% |
$166 |
||||||
|
Mar 2008 |
1,141 |
$250 |
-32.4% |
$159 |
-4.2% |
($7) |
($10) |
|||
|
Apr 2008 |
1,319 |
$248 |
-33.0% |
$154 |
-3.1% |
($5) |
($2) |
|||
|
May 2008 |
1,609 |
$230 |
-37.0% |
$141 |
-8.4% |
($13) |
($18) |
|||
|
Jun 2008 |
1,787 |
$225 |
-37.5% |
$138 |
-2.1% |
($3) |
($5) |
|||
|
Jul 2008 |
2,113 |
$215 |
-37.7% |
$136 |
-1.4% |
($2) |
($10) |
|||
|
-18% |
||||||||||
|
$30 |
||||||||||
For the full report go to REPORT.
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, Claremont, La Verne, Alta Loma, Rancho Cucamonga, Ontario, Fontana, Mira Loma, Corona, Chino, Chino Hills and Riverside 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.
OK, I normally write about local restaurants in my neck of the woods but I am on vacation in Oregon and stumbled upon a great place to dine.
It was like hitting the lotto, my wife two kids and I were totally surprised by the great food, locations, décor and service we received. We were aw struck, we did not expect to find this in a little town off the 101 freeway in Florence Oregon.
The Bay Street Grille is a pub and restaurant that needs this honorable mention. it is located at 1341 Bay Street in Florence Oregon.
If you live within 50 miles of this place you need to head there and give it a spin, if you are ever on the 101 freeway near Florence you need to stop by.
Back to my vacation, next stop San Francisco.
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 decent sales with the foreclosure trend for this area being quite brisk.
In May 2008, 34 single family homes and 0 condos/townhomes sold, the same as 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. Overall the number are slightly better than last months but the sales are still sluggish with only 50% of the pending sales closing escrow, a sign that money is still tight.
Closed Sales For May 2008: Up 3 from last month
23 Single Family Homes
0 Condos/Townhomes
Pending Sales For May 2008: up 15 from last month
60 Single Family Homes
1 Condos/Townhomes
Current Actives As of Today's Post: Down 11 from last month
156 Single Family Homes
3 Condos/Townhomes
Foreclosure Activity for May 2008 - 91752
53 Notice of Defaults (NOD) Up 1 from last month
35 Notice of Foreclosure Sale (NOS) Up 1 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 June 15, 2008 for Mira Loma is 188, down $5 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 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.
I am still unable to get MLS statistics for the Inland Valley Board of Realtors they have not updated their data since December 2007. I sent an e-mail to their administration hoping to get them to update this data. As soon as this data is available I will analyze and report on it.
Even though sales numbers are up slightly the market appears to be going flat in a very low spot, only time will tell if this condition continues in the Inland Empire of California. This comment is made from my observations from the street and in tracking foreclosure and individual city activity.
Statistics and Analysis
Inland Valley Board of Realtors data is presently not available.
Some stats from Foreclosureradar.com about Notice of Defaults (NOD's), Notice of Sales (NOS's) and Foreclosures in San Bernardino County. NOD's and NOS's continue to be running at very high levels. NOD's are have dropped 9.1% from last month and up 111.3% from last year. NOS's are up 3.5% from last month and up 179.7.5% from last year. The real tell of the condition of the foreclosures is the percentage of NOS's that are canceling, presently we are at 12%, during stable or appreciating markets it is as high as 60%.
Notice of Defaults Notice of Sale Cancellation of Sale
October 07 982 1,169 270
November 07 2,414 1,391 206
December 07 3,210 2,153 209
January 07 4,033 1,981 315
February 08 3,496 1,352 225
March 08 4,035 2,615 246
April 08 4,150 2,982 318
May 08 4,106 3,365 292
Overall, my opinion is that this market will continue to slide downward for some time. Between September and February of 2009 we will really see a blood bath.
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. If you are buying or selling in La Verne, Claremont, Upland, Alta Loma, Rancho Cucamonga, Fontana, Mira Loma, Corona, Riverside, Chino, Chino Hills, Ontario, Montclair or anywhere in the Inland Empire, call Empire Realty for premium full service and information at a discount.
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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.
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