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
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