It’s fun to think about what the year ahead will hold!
In Real Estate, it’s anything goes – almost like 2009 but let’s hope a whole Lot better. So that we all know where we are at, I want to give you some statistics that buyers and sellers can use anyway they want – Just how many homes are on the market in the area?
Well we will start with Upland. Upland total homes for sale as of January 5, 2010 is 125. Of those 125, 12 are bank owned and 32 are short sales. January ’09 showed Upland homes for sale at about 350 On to Rancho Cucamonga. There are 305 homes on the market, 44 are bank owned and 141 are short sales. Last year this time Rancho had about 700 homes for sale. Claremont only has 80 homes for sale with 7 being bank owned and 14 being short sales. Claremont inventory is always low & stable they were at 150 last year What about Ontario? They are showing 286 total homes on the market, 63 being bank owned and 139 are short sales. On the other hand Fontana which is known by Realtors to be “Ground Zero” for this economic crisis, has 460 total homes for sale, 100 being bank owned and a whopping 244 being short sales. Wow, just a little less than all 4 cities combined! But at the first of 2009 there were a little over 1200 homes for sale in Fontana. This will give us a starting point for the year, I will check these stats every month so you can see where we are going! Last year Buyers ate up inventory quickly. The buyers are still hungry but the cupboards are bare!
