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 December 2007, 28 single family homes and a total of 3 condos/townhomes entered escrow, up 18 sales from last month, this is real good news. Total sales are down 60.2% for the same period last year and 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 an article about the market conditions of the Inland Empire.
Closed Sales For December 2007: Down by 11 from Last Month
11 Single Family Homes
2 Condos/Townhomes
Pending Sales For December 2007: Up by 14 from Last Month, Yipee
33 Single Family Homes
6 Condos/Townhomes
Current Actives As of Today's Post: Down by 54 from Last Month
311 Single Family Homes
57 Condos/Townhomes
Foreclosure Activity for December 2007
34 Notice of Defaults (NOD) Down by 23 from last month
21 Notice of Foreclosure Sale (NOS) Down by 27 from last month
This is real good news if it continues to decline like this, my concern is that the banks were light on filing over the holidays as to not bring further attention to themselves. Time will tell if tis is a real trend or just a blip on the radar.
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.
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