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
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 Claremont is $287, down $14 from last month.
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Single Family Residences
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SFR Only
|
|
Los Angeles County
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# 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
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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.
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