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.
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