No matter what the market, people will continue to desire to live in Chino Hills, as it remains one of the most active cities within San Bernardino County. Comparatively speaking, the Chino Hills housing market continues to post brisk sales.
In of July 2008, 32 single family homes and a total of 3 condos/townhomes sold, 31 less than last month. My overall view of the market is still slipping in cost per square foot while the sales numbers are slowing further. I expect this winter will see slowing sales and an increase pace in price decreases.
For a full county market report Click Here.
Closed Sales For July 2008, Up 9 from last month
58 Single Family Homes
3 Condos/Townhomes
Pending Sales For July 2008, Up 4 from last month
85 Single Family Homes
10 Condos/Townhomes
Current Actives As of Today's Post, Up 28 from last month
298 Single Family Homes
28 Condos/Townhomes
Foreclosure Activity for July 2008
91709 - 64 Notice of Defaults (NOD) Down 13 from last month
91709 - 59 Notice of Foreclosure Sale (NOS) Down 5 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 Chino Hills is $259, down $10 from last month.
By Zip Code:
91709 - Lost $2 a square foot from in July, a $4,000 loss on a 2,000 square foot home, , giving it an $241 average per square foot value.
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Chino Hills- 91709 |
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Single Family Residences |
SFR Only |
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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) |
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Chino Hills |
Feb 08 |
25 |
$500 |
-13.00% |
$245 |
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Chino Hills |
Mar 08 |
36 |
$515 |
-14.30% |
$248 |
1.22% |
$3 |
$15 |
|||
|
Chino Hills |
Apr 08 |
55 |
$463 |
-22.60% |
$249 |
0.40% |
$1 |
($52) |
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|
Chino Hills |
May 08 |
49 |
$483 |
-17.50% |
$256 |
2.81% |
$7 |
$20 |
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Chino Hills |
Jun 08 |
62 |
$455 |
-24.70% |
$243 |
-5.08% |
($13) |
($28) |
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Chino Hills |
Jul 08 |
58 |
$499 |
-16.50% |
$241 |
-0.82% |
($2) |
$44 |
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|
-2% |
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|
$4 |
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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 Chino Hills 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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