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March 15, 2009: Rancho Cucamonga Home Market Activity

By
Real Estate Agent with Tarbell, Realtors

Fifty-four Rancho Cucamonga homes were listed for sale during the week ending March 14, 2009, and 43 homes entered escrow, according to the Inland Multi-Regional Multiple Listing Service.

A total of 630 Rancho Cucamonga homes were listed for sale in the MLS on March 15. Included are 353 single-family homes. There were 277 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Rancho Cucamonga on March 15; 279 homes were reported as vacant. 

The MLS showed 118 foreclosed, or Real Estate Owned, homes listed in Rancho Cucamonga on March 15; 259 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender. Please note: The MLS only recently required the type of sale of listed homes to be reported when a listing is entered into the system; the numbers of homes in foreclosure or having a Notice of Default - both of which likely would have short payoffs - does not included previously listed homes. 

There were 17 Rancho Cucamonga homes reported as sold in the MLS in the week ending March 14, 2009. 

Ila Josephs, an associate Realtor with Tarbell, Realtors, prepares weekly reports for her website, www.ilajosephs.com, surveying home market activity in the Inland Empire cities of Chino, Claremont, Fontana, La Verne, Montclair, Ontario, Pomona, Rancho Cucamonga, and Upland. For more information, call Ila at (909) 261-3541.