Empire Realty - Inland Empire CA - Discount Real Estate

DIARY OF A SHORT SALE

Empire Realty — Sun, 13 Sep 2009 17:46:27 -0500

DIARY OF A SHORT SALE

So why do short sales take so long, here is a detailed chronology of a recent short sale through HomeEq Servicing.

Late June, 2009

Before we even started the short sale we qualified the sellers to see if they would meet the average requirements for a lender to approve the short sale. The sellers had adequate income but due to the stress of their financial situation they chose to part way and filed for divorce. Independently neither one of them could keep the home afloat. The home is in North Corona of the Inland Empire and was approx. $300,000 upside down, the sellers owed $615,000 on a home worth around $310,000. The seller had already received a Notice of Default and a Notice of sale with a sale date of August 14^th.

Late June, 2009

Prior to putting the home up for sale we contacted the bank with our situation in an effort to obtain pre-approval of the short sale. After four phone calls and the submission of a full short sale package including the divorce filings we obtained approval to move forward. We were not given a price range at which the servicer would approve the sale.

July 13, 2009

The listing agreement is signed and the property is listed for sale, the home was entered into the MLS four days prior to the date of first available access, July 17^th, with a market listing price of $310,000.

July 13-17, 2009

We received five offers above the sales price site unseen. We contacted these people and let them know that it was important that they see the home once the lock box was installed on the 17^th.

July 19, 2009

After a new toner cartridge and 40 phone calls a day we have received 21 offers on the home, the highest offer being $383k from a no no buyer, no down and no closing costs, that was not the offer submitted. We continued to get calls and offers for two days following. The listing was put on hold.

July 21, 2009

We call all the buyers back, most of them with no hope of a back up position, four with back up position and one to be submitted to the bank for the short sale. The buyer was not all cash even though we had four offers that were. The buyer had 20% down, high ficos and prequalified through a good lender, the sales price was $350,000.

July 22, 2009

We received the HUD-1 from our escrow company and submitted the complete short sale package with all materials previously submitted plus our listing agreement and the complete purchase agreement, about 80 pages of documents. Each page with the account number hand written in the top right hand corner. We call to verify that the fax was received.

July 29, 2009

We contact the servicer to see how things are coming along. We are told to call back in 5 days and the packet should be assigned.

July 31, 2009

We call the servicer and told to give them 5 more business days to get it assigned.

July 31, 2009

Not assigned yet, told to call back on Monday.

August 3, 2009

Hurray, the packet is assigned to Paula, told to give Paula a week to review the documents.

August 4, 2009

Called the servicer again concerned about the foreclosure sale date. Come to find out the foreclosure sale date was cancelled. No word on the package yet as they were still reviewing the files.

August 10, 2009

Advised new law as of June 1^st and that there was a moratorium that is delaying all the files.

The sellers vacate the property and turn off all the services.

August 13, 2009

Called servicer still reviewing packet, no one would put me in contact with Paula either through the phone or e-mail.

August 13, 2009

Received a call from the servicer inquiring about auto loans and employer information, all questions answered while on the phone.

August 14, 2009

Nothing to give me, just keep waiting.

August 18, 2009

Called and received a few questions from the person on the phone which we were able to answer while on the call. It required that we provide a couple more documents which were faxed within a couple hours. Without prior notice from the servicer we get a call from someone trying to do a BPO.

August 19, 2009

The BPO company had access and they were nice and professional. It really is good to ork with professional Realtors.

August 20, 2009

Received a call from the servicer, they needed another copy of the HUD-1, for one reason or another they did not have it. Faxed it within 10 min. of their call.

Notified that the file was complete and that a negotiator would be assigned in the file.

August 21, 2009

Called to find out the negotiators name is Gloria and she would need 10 business days to review the file.

August 25, 2009

Called the servicer nothing yet, they need ten business days.

September 1, 2009

Nothing yet, this time told 7-14 business days for review. Frustration is here.

September 3, 2009

Told by the seller that the home has a notice in the window. I call the servicer for more info. Come to find out it is the servicers property preservation service keeping an eye on the property.

September 8, 2009

Received a call from the servicer with some HUD-1 changes requested. Lower the commission to 5%, name the servicer in the HUD-1 and remove the taxes paid.

Upon contacting escrow they refuse to remove the taxes since they will need to be paid to close.

By noon we send the updated HUD-1 and explain our not removing the taxes.

September 9, 2009

Called the servicer and spoke with Shawntee, the new negotiator and explained the changes to the HUD-1.

Received a call back from Shawntee that management must review the file before we can get word on the file. Upon a second call I am told it will take 7-14 days for management to review the file.

September 11, 2009

Received a call from Shawntee that the net needed to be increased by approx. $900.

Notify the Buyer that the sales price will need to be increased by $900, they complain and stand firm stating all their trials and tribulations since putting in the offer. The grass is dead now and they have been waiting for weeks only to get more of the same.

September 14, 2009

I will contact the servicer and tell them no more money on our side and see what they say.

Don’t know if we will get this one closed, yea the agents could kick in $450 each and get it though the door but to be honest with you I would rather flip the bird to the servicer and hope transients move into the home before they take it back should they not approve it as is.

September 15, 2009

We sent a letter trying to negoatiate out the last $900, I don't know if the servicer will accept the offer to settle at the last HUD-1 net but we will see. I basically said that all parties involved have discounted their services as much as possible and the buyer has no interest in raising their offer.

I expect for them to hammer us home and say no net no deal.

OK, I was wrong, the servicer lowered their net request to $324,200 which we were able to get to through lowering the title insurnace fee the $80 needed.

We updated the HUD and faxed it over, we expect to get a confirmation letter from the servicer to open escrow with.

In the end the banks and servicers don’t care to make the short sale or renegotiation process easy or fair as they get paid more to foreclose.

I will continue to update this blog until this sale completes.

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.

Where has all the Investor Money Gone???

Empire Realty — Wed, 09 Sep 2009 21:52:50 -0500

I have purchased a few homes over the last year, I have been good at making sure there are good cash flows and I have seasoned the homes for over six months, but I still can't get a decent refi with cash out.

It is amazing that I can not find anyone to refi these homes to pull some cash out so I can buy more homes. Today I was talking with some people and I get the same line that the seasoning must be 1 year and then I will only be able to go to 75% LTV.

Cash is not flowing yet and it is really cramping investors that are interested in purchasing homes in an effort to increase their value and hold them for decades to come.

Go Figure!

RJH

Updated Home Page - Search Foreclosures

Empire Realty — Sun, 21 Jun 2009 08:09:37 -0500

We updated our home page to include foreclosure searches provided by foreclosureradar.com. We placed the search dead center on the home page to make it easy for those interested in locating foreclosures.

I have used foreclosureradar.com for a couple years now and have come to rely on their information in identifying area trends and in finding homes to plan on purchasing.

Enjoy the tool and browse around our website for useful information and tools.

You can visit the site at http//www.empireteam.com

Take care!

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.

Empire Realty is your one stop shop for information and Full Service at a Discount.

OK Underwriters - Wake Up and Smell the Coffee

Empire Realty — Fri, 05 Jun 2009 08:12:50 -0500

I purchased an invetment property on April 11th and I still can't get the loan out of underwriting. I have had to jump through so many hoops, full corp credit credit reports K-1's 2 times, direct calls to credit reporters to get a account initiation date and now the appraiser stated there were no utilities, in checking with the broker I found that they were on, I put them in my name just in case.

What is going on, it is amazing the level of detail being required to get a simple 20% down $94k investment property loan out the door.

I really worry about our industry when the lenders can't get their S*&^ together.

Take care!

RJH

Great Cerritos Home - 4 Bed 2 Bath - NOT A SHORT OR REO

Empire Realty — Sun, 24 May 2009 11:40:32 -0500

Great Cerritos Home - 4 Bed 2 Bath - NOT A SHORT OR REO

Location: Great

This is a home that is a great example of an owner that spared no expense in high value upgrades and exemplifies pride of ownership.

Besides being in a convenient location near shopping, quality schools (ABC school district), entertainment, medical and transportation, this home features tile flooring, upgraded counter tops and a nice open floor plan.

This home has many green upgrades that save the environment and saves you money, solar supplemented electricity, newer double pane windows, solar tubes, ceiling fans, whole house fan, covered patio, patio misters and a newer upgraded air conditioning and heating system.

There are many extras that make your life easier, Nixon Elementary within line of sight, pull out drawers in the kitchen cabinets, closet organizers, built in cabinets in the garage and a wide driveway.

This is one of those rare homes that is completely upgraded and quality throughout.

This is not a short sale, pre-foreclosure or REO sale so you can avoid the hassle of making ten offers to get one home, or waiting 3 months to find out the bank is unrealistic.

If you can only see one home, this home is a must see! Not available for viewing until Sunday May 31st.

Contact Robert Huntsinger with Empire Realty for a showing 909-579-6611 Let Empire Realty represent you in the purchase of this home and receive an additional $2,500 to be applied to the purchase or transactions costs of the Buyer.

Don't wait, this home will not last.

Information

Contact Information

Robert Huntsinger

robert@empireteam.com

909-579-6611

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Pricing

Price: $559,000.00

Flexibility: Negotiable

Additional Pricing Information: $2,500 credit to Buyer's if purchsed through Empire Realty as the Buyer's Agent.

Property Location

11969 Gonsalves Street
Cerritos, CA 90703
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Empire Realty

Features

Bedrooms: 4

Bathrooms: 2

Year Built: 1969

Lot Size: 5000

Garage Size: 2 Car

School District: ABC School District

Square Footage: 1574

Agent Name: Robert Huntsinger

Broker: Empire Realty

MLS #: I09057127

Attributes

Appliances

Range/Oven

Dishwasher

Sink Disposal

Interior Amenities

Fireplace

Security System

Vaulted Ceilings

Exterior Amenities

Patio

Fenced Yard

Grass Lawn

EQUAL HOUSING OPPORTUNITY

VFLYER ID: 2530315

Here comes the second wave - Riverside Foreclosures

Empire Realty — Tue, 14 Apr 2009 08:14:25 -0500

Hey Everyone,

OK, we have a trend. It looks like the second wave of foreclosures is starting to come through the door, gotta love those Alt-A failure rates. Both San Bernardino and Riverside counties logged the highest notice of defaults (NOD's) in March. The trend line is really picking up, if this continues for the next couple months the market will be flooded with new inventory.

The numbers of cancelations have increased about three fold from their lows but they are still very low, this is a sign that loan mods and work outs work for a very low number of those losing their homes.

Enjoy!

Empire Realty

Riverside County
NOD's - Notice of Default
	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2006									1,245	1,468	1,591	1,649
2007	1,895	2,080	2,187	2,117	2,320	2,716	2,968	3,609	3,138	3,503	2,493	4,489	33,515
2008	5,384	4,449	5,384	5,221	5,385	5,111	4,935	5,340	2,025	2,040	2,670	4,937	52,881
2009	4,583	5,848	6,838										17,269
2008 % Change M to M	19.9%	-17.4%	21.0%	-3.0%	3.1%	-5.1%	-3.4%	8.2%	-62.1%	0.7%	30.9%	84.9%
2008 % Change Y to Y	184.1%	113.9%	146.2%	146.6%	132.1%	88.2%	66.3%	48.0%	-35.5%	-41.8%	7.1%	10.0%
2009 % Change M to M	-7.2%	27.6%	16.9%
2009 % Change Y to Y	-14.9%	31.4%	27.0%

NOS's - Notice of Sale
	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2006									461	539	699	742
2007	881	1,040	1,242	1,080	1,580	1,423	1,693	1,708	1,866	2,515	2,240	2,894	20,162
2008	2,871	1,791	3,629	4,150	4,447	4,619	4,835	4,721	2,329	3,111	3,484	3,431	43,418
2009	3,132	2,575	3,909										9,616
2008 % Change M to M	-0.8%	-37.6%	102.6%	14.4%	7.2%	3.9%	4.7%	-2.4%	-50.7%	33.6%	12.0%	-1.5%
2008 % Change Y to Y	225.9%	72.2%	192.2%	284.3%	181.5%	224.6%	185.6%	176.4%	24.8%	23.7%	55.5%	18.6%
2009 % Change M to M	-8.7%	-17.8%	51.8%
2009 % Change Y to Y	9.1%	43.8%	7.7%
Data Source: foreclosureradar.com - Analysis Empire Realty
Cancelation of Auction

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.

Empire Realty is your one stop shop for information and Full Service at a Discount.

Here comes the second wave - Inland Empire Foreclosures

Empire Realty — Tue, 14 Apr 2009 08:11:09 -0500

Hey Everyone,

Enjoy!

Empire Realty

San Bernardino County
NOD's - Notice of Default
	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2006									1,003	1,165	1,261	1,369
2007	1,489	1,305	1,623	1,586	1,786	2,038	2,272	2,693	2,176	2,435	1,266	3210	23,879
2008	4,033	3,496	4,035	4,150	4,106	4,281	4,094	4,213	1,515	1,752	2,276	4016	41,967
2009	4,025	4,604	5,275
2008 % Change M to M	25.6%	-13.3%	15.4%	2.9%	-1.1%	4.3%	-4.4%	2.9%	-64.0%	15.6%	29.9%	76.4%
2008 % Change Y to Y	170.9%	167.9%	148.6%	161.7%	129.9%	110.1%	80.2%	56.4%	-30.4%	-28.0%	79.8%	25.1%
2009 % Change M to M	0.2%	14.4%	14.6%
2009 % Change Y to Y	-0.2%	31.7%	30.7%

NOS's - Notice of Sale
	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2006									305	417	458	501
2007	638	760	883	785	1,103	1,034	1,253	1,295	1,405	1,894	1,169	2,153	14,372
2008	1,981	1,352	2,615	2,982	3,359	3,451	3,650	3,570	1,936	2,427	2,901	2,455	32,679
2008	2,428	2,152	3,487
2008 % Change M to M	-8.0%	-31.8%	93.4%	14.0%	12.6%	2.7%	5.8%	-2.2%	-45.8%	25.4%	19.5%	-15.4%
2008 % Change Y to Y	210.5%	77.9%	196.1%	279.9%	204.5%	233.8%	191.3%	175.7%	37.8%	28.1%	148.2%	14.0%
2009 % Change M to M	-1.1%	-11.4%	62.0%
2009 % Change Y to Y	22.6%	59.2%	33.3%
Data Source: foreclosureradar.com - Analysis Empire Realty
Cancelation of Auction

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.

Empire Realty is your one stop shop for information and Full Service at a Discount.

$$$ Investors Needed $$$

Empire Realty — Sun, 05 Apr 2009 09:52:53 -0500

We are seeking investors to help fund our business model of acquiring 200-1,000 homes in the Inland Empire of California. Within the next 18-30 months our investment window in Southern California will close, without a solid funding source we will not meet our goals.

We need funding that will allow us to purchase residential real estate that meets our strict return qualifications. We are presently purchasing one to two homes a month with our own capital and expect to be fully invested by the end of the year with 15-20 homes in our inventory. Our goal is to increase our volume to 5-10 homes a month by 2010.

Summary:

- REO and Distressed single family homes in the Inland Empire of California.

- With over 19 years experience in real estate and in the Inland Empire market we are poised to take full advantage of the cyclical Southern California real estate market.

- We are currently purchasing homes that realize cap rates in the teens with cash on cash rates of return in the high teens to 25%.

- We have the resources in place to take a property from trashed to quality rental in record time.

I know I know, Madoff here we come, these are real returns backed with real property, everything we all want without the Ponzi.

Hesperia Market Report for August 2008

Empire Realty — Tue, 14 Oct 2008 22:03:17 -0500

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.

Alta Loma Market Report for August 2008

Empire Realty — Tue, 14 Oct 2008 21:46:51 -0500

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

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.

Claremont Market Report for August 2008

Empire Realty — Tue, 14 Oct 2008 21:33:02 -0500

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

	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.

Upland Market Report for August 2008

Empire Realty — Tue, 14 Oct 2008 19:23:42 -0500

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

	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.

Walnut - Snow Creek - 4 Beds 2.5 Baths

Empire Realty — Fri, 10 Oct 2008 10:47:36 -0500

Links

Empire Realty

Description

REDUCED, now the best home in Snow Creek has the best price!!! Amazing Snow Creek Home! This home is completely detailed inside and out, designer kitchen features granite, upgraded appliances, double oven and brushed nickel hardware with a breakfast dining area within the kitchen. Large master bedroom features a vaulted ceiling and a large oval soaking tub. Fresh new paint inside and out, new carpet, crown molding and detailing throughout. Yard features a Pool and Spa behind a security gate with a sports court and lush landscaping. Inside and out this home has been completely detailed and manicured to delight, don't miss this one.

Contact Robert Huntsinger with Empire Realty for a showing 909-579-6611 Let Empire Realty represent you in the purchase of this home and receive an additional $5,000 to be applied to the purchase or transactions costs of the Buyer.

Don't wait, this home will not last.

Features

Bedrooms:	4
Bathrooms:	3
Year Built:	1985
Subdivision:	Snow Creek Estates
Lot Size:	8912
Garage Size:	3 Car
School District:	Walnut School District
Square Footage:	2168
Agent Name:	Robert Huntsinger
Broker:	Empire Realty
MLS #:	I08023656

Location

21625 Golden Poppy Court Walnut CA 91789

vFlyer Id: 1777229

Mira Loma Market Report for August 2008

Empire Realty — Thu, 09 Oct 2008 16:38:03 -0500

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

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.

Riverside County Foreclosure Report - August 2008

Empire Realty — Sat, 04 Oct 2008 06:52:34 -0500

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.

Empire Realty is your one stop shop for information and Full Service at a Discount.

Why home prices will not stabilize in the Inland Empire any time soon

Empire Realty — Wed, 24 Sep 2008 19:57:34 -0500

Since the beginning of the year foreclosures have been occurring in greater numbers than sales, for both San Bernardino and Riverside counties we have amassed over 7,000 foreclosures that have remained unsold since the beginning of the year. These numbers will continue to grow as long as the foreclosures are greater than the sales.

Now we move into economics 101, as long as inventory continues to increase sales prices will continue to relax.

RIVERSIDE 2008
	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Unsold
Foreclosures	2,534	1,486	3,340	3,760	4,068	4,131	4,241	4,130	Foreclosure
Closed Sales	1,256	1,590	2,009	2,569	2,756	3,116	3,526	3,524	Inventory
Unsold Foreclosures	1,278	(104)	1,331	1,191	1,312	1,015	715	606	7,344

SAN BERNARDINO 2008
	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Unsold
Foreclosures	1,666	1,127	2,369	2,664	3,023	3,060	3,208	3,076	Foreclosure
Closed Sales	844	938	1,219	1,392	1,706	1,880	2,232	2,176	Inventory
Unsold Foreclosures	822	189	1,150	1,272	1,317	1,180	976	900	7,806

Data Quick and ForeclosureRadar.com provided the raw data and Empire Realty provided the detailed analysis.

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.

San Bernardino County Foreclosure Report - August 2008

Empire Realty — Sun, 14 Sep 2008 23:16:31 -0500

FORECLOSURERADAR.COM - San Bernardino County - August 2008

In reviewing the foreclosure statistics for San Bernardino County we found that even though the foreclosure activity appeared to be near it's peak it looks like a second wave of foreclosures are about to come over us. The summer sales numbers which increased greatly from earlier months of the year are now dropping at a high rate thus we will start building inventory which will increase the speed at which prices fall and drive more foreclosures.

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 87% down 1% 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 had peaked in June at 4,281, this month bounced back from last month to 4,211 a 2.9% increase. We are on track to book 48,000 NOD's and 33,000 NOS's in 2008, let's hope for a better year in 2009.

Get the full report with the raw data at Empire Team.

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

NOS's for August will be 3,663 - Actual 3,570 2.5% lower than forecasted.

NOS's for September will be 3,767

NOS's for October will be 3,602

NOS's for November will be 3,705

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. 3,663 in AUGUST 2008, they came in at 3,570. Our prediction was off by 93 units.

Jumping out on a limb?

After reviewing the data I am going to jump out on a limb here. I predict that the second wave of foreclosures is going to come through this winter, I am already seeing sales dry up and fast. Inventory will build, prices will drop and foreclosures will pile up. Someone remember to have me review this post in February 2009 as I believe that the story will be written by then.

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, San Bernardino, 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.

Inland Empire Market Direction - Prediction

Empire Realty — Sun, 14 Sep 2008 23:10:10 -0500

Jumping out on a limb?

After reviewing the foreclosure and sales data for the Inland Empire I am going to jump out on a limb here.

I predict that the second wave of foreclosures is going to come through this winter, I am already seeing sales dry up and fast. Inventory will build, prices will drop and foreclosures will pile up.

Someone remember to have me review this post in February 2009 as I believe that the story will be written by then.

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.

Empire Realty is your one stop shop for information and Full Service at a Discount.

Victorville Market Report for July 2008

Empire Realty — Sun, 14 Sep 2008 22:46:10 -0500

No matter what the market, people will continue to desire to live in Victorville, as it remains one of the most active cities within San Bernardino County. Comparatively speaking, the Victorville housing market continues to post brisk sales.

In of July 2008, 39 single family homes and a total of 0 condos/townhomes sold, down 34 from last month. My overall view of the market is still slipping in cost per square foot while the sales numbers are stabilizing a little.

For a full county market report Click Here.

Closed Sales For July 2008, Up 12 from last month

75 Single Family Homes

0 Condos/Townhomes

Pending Sales For July 2008, Up 24 from last month

117 Single Family Homes

0 Condos/Townhomes

Current Actives As of Today's Post, Up 6 from last month

770 Single Family Homes

0 Condos/Townhomes

Foreclosure Activity for July 2008

92392 - 212 Notice of Defaults (NOD) Up 2 from last month

92392 - 202 Notice of Foreclosure Sale (NOS) Up 38 from last month

92394 - 104 Notice of Defaults (NOD) Down 12 from last month

92394 - 143 Notice of Foreclosure Sale (NOS) Up 27 from last month

92395 - 92 Notice of Defaults (NOD) Up 16 from last month

92395 - 76 Notice of Foreclosure Sale (NOS) Down 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 September 14, 2008 for Victorville is $198, down $9 from last month.

By Zip Code:

92392 - Lost $10 a square foot from last month, a $20,000 loss on a 2,000 square foot home, giving it an $96 average per square foot value.

92394 - Lost $4 a square foot from last month, a $8,000 loss on a 2,000 square foot home, giving it an $91 average per square foot value.

92395 - Lost $3 a square foot from last month, a $6,000 loss on a 2,000 square foot home, giving it an $100 average per square foot value.

Any way you slice it, the averages are getting real close to replacement value.

This sales data lags a month.

Data Sources: MRMLS, Altosresearch, Foreclosure Radar and Data Quick.

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 Victorville 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

Riverside Market Report for July 2008

Empire Realty — Sun, 14 Sep 2008 22:32:11 -0500

No matter what the market, people will continue to desire to live in Riverside, as it remains one of the most active cities within Riverside County. Comparatively speaking, the Riverside housing market continues to post brisk sales.

In of July 2008, 263 single family homes and a total of 11 condos/townhomes sold, down 279 from last month. Click Here to view the Riverside County market report.

Closed Sales for July 2008: Up 55 from last month

382 Single Family Homes

20 Condos/Townhomes

Pending Sales for July 2008: Up 59 from last month

899 Single Family Homes

31 Condos/Townhomes

Current Actives as of Today's Post: Down 193 from last month

2,219 Single Family Homes

117 Condos/Townhomes

Foreclosure Activity for July 2008

92501 - 40 Notice of Defaults (NOD) Down 7 from last month

92501 - 49 Notice of Foreclosure Sale (NOS) Up 12 from last month

92503 - 169 Notice of Defaults (NOD) Up 13 from last month

92503 - 173 Notice of Foreclosure Sale (NOS) Down 8 from last month

92504 - 100 Notice of Defaults (NOD) Up 1 from last month

92504 - 96 Notice of Foreclosure Sale (NOS) Up 10 from last month

92505 - 87 Notice of Defaults (NOD) Down 3 from last month

92505 - 91 Notice of Foreclosure Sale (NOS) Up 15 from last month

92506 - 48 Notice of Defaults (NOD) Down 15 from last month

92506 - 67 Notice of Foreclosure Sale (NOS) Up 20 from last month

92507 - 54 Notice of Defaults (NOD) Down 9 from last month

92507 - 58 Notice of Foreclosure Sale (NOS) Up 16 from last month

92508 - 68 Notice of Defaults (NOD) Down 6 from last month

92508 - 80 Notice of Foreclosure Sale (NOS) Up 20 from last month

92509 - 142 Notice of Defaults (NOD) Up 1 from last month

92509 - 115 Notice of Foreclosure Sale (NOS) 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 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.

Moreno Valley Market Report for May 2008

Empire Realty — Sun, 14 Sep 2008 21:28:24 -0500

No matter what the market, people will continue to desire to live in Moreno Valley, as it remains one of the most active cities within Riverside County. Comparatively speaking, the Moreno Valley housing market continues to post brisk sales.

In of May 2008, 300 single family homes and a total of 7 condos/townhomes sold, down 262 from last month. My overall view of the market is still slipping in cost per square foot while the sales numbers are stabilizing a little.

For a full county market report Click Here.

Closed Sales For May 2008, up 53 from last month

362 Single Family Homes

7 Condos/Townhomes

Pending Sales For May 2008, Down 555 from last month

388 Single Family Homes

16 Condos/Townhomes

Current Actives As of Today's Post, Down 113 from last month

1,826 Single Family Homes

69 Condos/Townhomes

Foreclosure Activity for May 2008

92551 - 109 Notice of Defaults (NOD) Down 28 from last month

92551 - 100 Notice of Foreclosure Sale (NOS) Down 15 from last month

92553 - 183 Notice of Defaults (NOD) Up 8 from last month

92553 - 178 Notice of Foreclosure Sale (NOS) Down 8 from last month

92555 - 155 Notice of Defaults (NOD) Up 19 from last month

92555 - 147 Notice of Foreclosure Sale (NOS) Up 22 from last month

92557 - 140 Notice of Defaults (NOD) Up 15 from last month

92557 - 121 Notice of Foreclosure Sale (NOS) Down 17 from last month

Moreno Valley- 92551
		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)
Moreno Valley	Feb 08	19	$239	-36.30%	$129
Moreno Valley	Mar 08	22	$225	-35.50%	$127	-1.55%	($2)	($14)
Moreno Valley	Apr 08	34	$229	-36.40%	$125	-1.57%	($2)	$4
Moreno Valley	May 08	39	$180	-50.30%	$120	-4.00%	($5)	($49)
Moreno Valley	Jun 08	54	$195	-44.40%	$108	-10.00%	($12)	$15
Moreno Valley	Jul 08	69	$178	-43.10%	$111	2.78%	$3	($17)
					-14%
					$18

Moreno Valley- 92553
		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)
Moreno Valley	Feb 08	45	$200	-42.90%	$145
Moreno Valley	Mar 08	47	$180	-49.30%	$133	-8.28%	($12)	($20)
Moreno Valley	Apr 08	51	$168	-54.10%	$127	-4.51%	($6)	($12)
Moreno Valley	May 08	68	$170	-53.40%	$116	-8.66%	($11)	$2
Moreno Valley	Jun 08	95	$165	-51.40%	$117	0.86%	$1	($5)
Moreno Valley	Jul 08	114	$162	-51.30%	$103	-11.97%	($14)	($3)
					-29%
					$42

Moreno Valley- 92555
		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)
Moreno Valley	Feb 08	31	$304	-30.00%	$123
Moreno Valley	Mar 08	41	$285	-37.40%	$111	-9.76%	($12)	($19)
Moreno Valley	Apr 08	60	$267	-42.30%	$114	2.70%	$3	($18)
Moreno Valley	May 08	64	$271	-35.60%	$109	-4.39%	($5)	$4
Moreno Valley	Jun 08	76	$258	-36.30%	$105	-3.67%	($4)	($13)
Moreno Valley	Jul 08	85	$245	-45.60%	$100	-4.76%	($5)	($13)
					-19%
					$23

Moreno Valley- 92557
		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)
Moreno Valley	Feb 08	35	$235	-35.20%	$154
Moreno Valley	Mar 08	37	$240	-36.80%	$135	-12.34%	($19)	$5
Moreno Valley	Apr 08	43	$235	-41.30%	$133	-1.48%	($2)	($5)
Moreno Valley	May 08	60	$225	-37.50%	$127	-4.51%	($6)	($10)
Moreno Valley	Jun 08	63	$219	-39.20%	$116	-8.66%	($11)	($6)
Moreno Valley	Jul 08	113	$201	-40.00%	$113	-2.59%	($3)	($18)
					-27%
					$41

Data Sources: MRMLS, Altosresearch, Foreclosure Radar and Data Quick.

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 Moreno Valley 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.

Beaumont Market Report for July 2008

Empire Realty — Sun, 14 Sep 2008 21:10:36 -0500

No matter what the market, people will continue to desire to live in Beaumont, as it remains one of the most active cities within Riverside County. Comparatively speaking, the Beaumont housing market continues to post brisk sales.

In of July 2008, 84 single family homes and a total of 0 condos/townhomes sold, 10 more than last month. My overall view of the market is still slipping in cost per square foot while the sales numbers are stabilizing a little.

For a full county market report Click Here.

Closed Sales For July 2008, Up 2 from last month

57 Single Family Homes

0 Condos/Townhomes

Pending Sales For July 2008, Up 6 from last month

144 Single Family Homes

2 Condos/Townhomes

Current Actives As of Today's Post, The same as last month

348 Single Family Homes

6 Condos/Townhomes

Foreclosure Activity for July 2008 - 92223

100 Notice of Defaults (NOD) Down 16 from last month

85 Notice of Foreclosure Sale (NOS) Up 5 from last month

Beaumont - 92223
		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)
Beaumont	Feb 08	27	$290	-22.10%	$141
Beaumont	Mar 08	37	$246	-27.60%	$126	-10.64%	($15)	($44)
Beaumont	Apr 08	47	$248	-28.70%	$132	4.76%	$6	$2
Beaumont	May 08	43	$253	-26.00%	$122	-7.58%	($10)	($10)
Beaumont	Jun 08	45	$247	-19.40%	$119	-2.46%	($3)	($6)
Beaumont	Jul 08	70	$240	-26.20%	$116	-2.52%	($3)	$1
					-18%
					$25

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 Beaumont 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.

Fontana Market Report for July 2008

Empire Realty — Sun, 14 Sep 2008 20:59:00 -0500

No matter what the market, people will continue to desire to live in Fontana, as it remains one of the most active cities within San Bernardino County. Comparatively speaking, the Fontana housing market continues to post brisk sales.

In of July 2008, 213 single family homes and a total of 3 condos/townhomes sold, down 183 from last month, this is a good size increase from last month. My overall view of the market is still slipping. Click Here to view the San Bernardino County market report.

Closed Sales for July 2008: Up 58 from last month

265 Single Family Homes

2 Condos/Townhomes

Pending Sales for July 2008: Up 69 from last month

707 Single Family Homes

13 Condos/Townhomes

Current Actives as of Today's Post: Down 159 from last month

1,665 Single Family Homes

59 Condos/Townhomes

Foreclosure Activity for July 2008

92335 - 187 Notice of Defaults (NOD) Down 1 from last month

92335 - 161 Notice of Foreclosure Sale (NOS) Up 8 from last month

92336 - 235 Notice of Defaults (NOD) Down 39 from last month

92336 - 207 Notice of Foreclosure Sale (NOS) Down 22 from last month

92337 - 130 Notice of Defaults (NOD) Down 3 from last month

92337 - 112 Notice of Foreclosure Sale (NOS) Up 8 from last month

Fontana- 92335
		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)
Fontana	Feb 08	22	$282	-27.20%	$201
Fontana	Mar 08	20	$261	-33.90%	$203	1.00%	$2	($21)
Fontana	Apr 08	24	$254	-34.90%	$176	-13.30%	($27)	($7)
Fontana	May 08	39	$215	-43.40%	$158	-10.23%	($18)	($39)
Fontana	Jun 08	58	$195	-48.30%	$148	-6.33%	($10)	($20)
Fontana	Jul 08	70	$208	-42.20%	$147	-0.68%	($1)	$13
					-27%
					$54


Fontana- 92336
		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)
Fontana	Feb 08	42	$363	-21.90%	$171
Fontana	Mar 08	66	$340	-27.90%	$170	-0.58%	($1)	($23)
Fontana	Apr 08	74	$340	-24.40%	$163	-4.12%	($7)	$0
Fontana	May 08	127	$339	-28.60%	$150	-7.98%	($13)	($1)
Fontana	Jun 08	119	$321	-25.50%	$149	-0.67%	($1)	($20)
Fontana	Jul 08	146	$320	-27.30%	$139	-6.71%	($10)	($1)
					-19%
					$32
Fontana- 92337
		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)
Fontana	Feb 08	23	$290	-25.10%	$174
Fontana	Mar 08	23	$282	-31.40%	$159	-8.62%	($15)	($8)
Fontana	Apr 08	44	$264	-34.00%	$168	5.66%	$9	($18)
Fontana	May 08	30	$269	-32.40%	$164	-2.38%	($4)	$5
Fontana	Jun 08	59	$276	-29.60%	$147	-10.37%	($17)	$7
Fontana	Jul 08	68	$252	-32.50%	$155	5.44%	$8	($24)
					-11%
					$19

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.

Ontario Market Report as of July 2008

Empire Realty — Sun, 14 Sep 2008 20:37:18 -0500

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 July 2008, 71 single family homes and a total of 20 condos/townhomes sold, down 77 from last month. My overall view of the market is still going to slip this fall. Click Here for the San Bernardino County market report.

Closed Sales for July 2008: Up 24 from last month

106 Single Family Homes

19 Condos/Townhomes

Pending Sales for July 2008: Up 26 from last month

245 Single Family Homes

72 Condos/Townhomes

Current Actives As of Today's Post: Down 83 from last month

556 Single Family Homes

176 Condos/Townhomes

Foreclosure Activity for July 2008

91710 - 92 Notice of Defaults (NOD) The same as last month

91710 - 84 Notice of Foreclosure Sale (NOS) Up 13 from last month

91761 - 76 Notice of Defaults (NOD) Down 8 from last month

91761 - 79 Notice of Foreclosure Sale (NOS) Up 23 from last month

91762 - 72 Notice of Defaults (NOD) Down 3 from last month

91762 - 68 Notice of Foreclosure Sale (NOS) Down 2 from last month

91764 - 70 Notice of Defaults (NOD) Down 10 from last month

91764 - 60 Notice of Foreclosure Sale (NOS) Up 9 from last month

Ontario - 91710
		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)
Chino	Feb 08	17	$392	-20.90%	$237
Chino	Mar 08	29	$390	-21.70%	$218	-8.02%	($19)	($2)
Chino	Apr 08	25	$428	-20.20%	$251	15.14%	$33	$38
Chino	May 08	40	$340	-32.00%	$207	-17.53%	($44)	($88)
Chino	Jun 08	42	$360	-28.00%	$207	0.00%	$0	$20
Chino	Jul 08	49	$350	-29.10%	$191	-7.73%	($16)	($10)
					-19%
					$46

Ontario - 91761
		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)
Ontario	Feb 08	9	$322	-30.00%	$228
Ontario	Mar 08	11	$306	-32.70%	$193	-15.35%	($35)	($16)
Ontario	Apr 08	25	$350	-23.90%	$204	5.70%	$11	$44
Ontario	May 08	18	$310	-33.70%	$209	2.45%	$5	($10)
Ontario	Jun 08	23	$330	-28.70%	$172	-17.70%	($37)	$20
Ontario	Jul 08	39	$318	-36.40%	$189	9.88%	$17	$1
					-17%
					$39

Ontario - 91762
		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)
Ontario	Feb 08	9	$338	-26.20%	$222
Ontario	Mar 08	8	$263	-32.70%	$176	-20.72%	($46)	($75)
Ontario	Apr 08	10	$262	-42.60%	$185	5.11%	$9	($1)
Ontario	May 08	15	$315	-21.70%	$227	22.70%	$42	($10)
Ontario	Jun 08	26	$282	-33.10%	$192	-15.42%	($35)	($33)
Ontario	Jul 08	29	$255	-33.90%	$187	-2.60%	($5)	$1
					-16%
					$35

Ontario - 91764
		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)
Ontario	Feb 08	13	$328	-18.40%	$240
Ontario	Mar 08	15	$258	-35.00%	$231	-3.75%	($9)	($70)
Ontario	Apr 08	20	$290	-21.60%	$219	-5.19%	($12)	$32
Ontario	May 08	22	$235	-40.50%	$219	0.00%	$0	($10)
Ontario	Jun 08	19	$223	-45.00%	$197	-10.05%	($22)	($12)
Ontario	Jul 08	30	$235	-39.00%	$175	-11.17%	($22)	$1
					-27%
					$65

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 Ontario 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.

We all love food right? Haandi in Rancho Cucamonga is Great!

Empire Realty — Sat, 13 Sep 2008 15:56:32 -0500

If you are in the area of Foothill and Haven in Rancho Cucamonga you must check out the Haandi Indian Restaurant.

It is a great Indian restaurant that features a varied menu in which they specialize in Tandoor clay oven dishes. Their curries can be made mild, medium or hot to match your tastes, bring a big appetite as they give you plenty. My whole family loves the varied nan, bread for you north Americans.

Located at 7890 Haven in Rancho Cucamonga, near the corner of Haven and Foothill by the bowling alley, this is a must try for locals and those passing through. You can visit them on the web at http://www.haandi.net.

Empire Realty - Premium Full Service at a Discount Visit us on the web EMPIRE REALTY. Oh Yea, and great food suggestions!