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Upland Market Report for May 2008

By
Real Estate Broker/Owner with Empire Realty

No matter what the market, people will continue to desire to live in Upland, as it remains one of the most prestigious cities within San Bernardino County. Comparatively speaking, the Upland housing market continues to outpace the bulk of cities in the San Bernardino County. 

In of May 2008, 45 single family homes and a total of 3 condos/townhomes entered escrow, down by 3 from last month.  My overall view of the market is still slow but it is stabilizing, Click Here to view an article about the market conditions of the Inland Empire. All sales factors have come up slightly, finally some good news.

Closed Sales For May 2008: Up 51 from Last Month, now that is an increase

67 Single Family Homes

13 Condos/Townhomes

Pending Sales For May 2008: Up 17 from last month

77 Single Family Homes

10 Condos/Townhomes

Current Actives As of Today's Post: Down 16 from last month

306 Single Family Homes

59 Condos/Townhomes

Foreclosure Activity for May 2008

91784 - 19 Notice of Defaults (NOD) Up down 13 from last month

91784 - 19 Notice of Foreclosure Sale (NOS) No change from last month

91786 - 25 Notice of Defaults (NOD) Down by 20 from last month

91786 - 31 Notice of Foreclosure Sale (NOS) Down by 3 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 Upland is 245, down $9 from last month.

 http://charts.altosresearch.com/AltosCharts/CA/upland/a/median_price/a/a/i/e/sf/5594086.png 

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 Upland  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.