The market activity report below is streamlined for a quick view of home listings, sales and leases available. I hope this will be convenient for viewers. Please let me know if you find it helpful and especially if you would like additional information. I have included information from last week as well. The figures were compiled from data provided by the Inland Multi-Regional Multiple Listing Service.   Ontario Home Market Activity     Market Activity as of Sept. 14, 2008* Sept. 14, 2008 Sept. 7, 2008 Ontario Homes Listed During Week 48 28 Total Number of Homes Listed for Sale 713 711      Single-Family (no monthly fee) 477 489      Homes in Associations (such as condos) 236 222 Vacant Homes for Sale 331 327 Short Sales 46 226 Lender-Owned Homes for Sale 137 143 Homes Sold During Week ... 09/14/2008

The number of previously owned homes on the market has dropped dramatically in the past six months in the cities of Chino, Montclair and Ontario, according to figures available from the Inland Multi-Regional Multiple Listing Service.  Chino showed the largest drop - 27 percent - in the number of homes listed for sale in the MLS, closely trailed by Ontario, with 23 percent fewer homes listed than on March 9, 2008. In Montclair, the number of previously owned homes listed for sale in the MLS was 22 percent lower on September 7 than on March 9, 2007.  Elsewhere in the region, San Dimas showed the least amount of change, with 136 previously owned homes for sale on March 9 and 135 for sale on Sept. 7. The change was also slight in Claremont, where 118 homes were for sale on March 9 and 116 o... 09/07/2008

The market activity report below is streamlined for a quick view of home listings, sales and leases available. I hope this will be more convenient for viewers. Please let me know if you find it helpful and especially if you would like additional information. I have included information from last week as well. I am working this holiday weekend. If you are interested in purchasing or selling a home in western San Bernardino County or eastern Los Angeles County, please do not hesitate to contact me by phone or e-mail.  The figures below were compiled from information provided by the Inland Multi-Regional Multiple Listing Service. For additional information, please call Ila Josephs at (909) 261-3541 or send an e-mail message in the form at the bottom of the page. Market Activity as of Augus... 08/31/2008

The market activity report below is streamlined for a quick view of home listings, sales and leases available. I hope this will be more convenient for viewers. Please let me know if you find it helpful and especially if you would like additional information. The "Prior Week" column is information for the week ending August 16, 2008. During the past year, the number of listings in each city have declined, along with prices. The number of homes sold is increasing as home buyers take advantage of lower prices and low interest rates.  There are some signs that housing prices may be leveling off - multiple offers on bank-owned properties and renewed construction in nearly every Inland Valley city. The figures below were compiled from information provided by the Inland Multi-Regional Multiple... 08/24/2008

Like a Phoenix, new life is emerging in downtown Ontario, not from ashes, but on land cleared with the help of the Ontario Redevelopment Department. After decades of deliberation, debate and denial, the downtown area is being reborn as a 21st Century destination.   Ontario Town Square will provide housing adjacent to Ontario's Civic Center, a block from the City Library, and a few miles from Ontario International Airport.  If the visionaries are correct, restaurants, boutique shops and internet cafes will bring additional traffic to the downtown area.   Ontario Town Square, under construction in August, 2008 Ontario, CA, was founded by the Chaffey brothers in 1881 and named after the Canadian province. In the next decades, Euclid Avenue businesses benefited from its location at the inte... 08/20/2008

It's still a Buyer's Market for Inland Empire home sales. The Housing and Economic Recovery Act of 2008 signed by President Bush in late July offers encouragement to home buyers to jump into the market now, before rising interest rates rise and seller-financed down payment assistance programs end October 1, 2008. July home sales statistics are due to be released this week and will be reported on my website; you can click on http://marketreport.ilajosephs.com for a direct link. I'm also adding a new section to my weekly report this week. Look below for a comparison to home sales data for February 17, 2008, and see the changes that have taken place in the past six months. The following information was compiled from information reported in the Inland Multi-Regional Multiple Listing Service... 08/17/2008

Homes Sold: Ten previously-owned homes closed escrow in Ontario, CA, during the week ending August 9, 2008, and 24 Ontario homes reportedly were listed as pending during the week, according to the Inland Multi-Regional Multiple Listing Service, which shows listings and sales of previously-owned homes reported by real estate professionals in the Inland Empire.                                      Homes for Sale: The MLS said 50 new Ontario listings were added during the week, for a total inventory of 786 previously-owned homes listed in Ontario on August 10, including 536 single-family homes with no monthly fees and 250 condominiums, town homes and single-family homes in associations. The MLS listings indicated 344 of homes currently on the market were vacant. Of the homes for sale in On... 08/10/2008

Homes Sold: Fifteen previously-owned homes closed escrow in Ontario during the week ending August 2, 2008, and 28 Ontario homes reportedly were listed as pending during the week, according to the Inland Multi-Regional Multiple Listing Service, which shows listings and sales of previously-owned homes reported by real estate professionals in the Inland Empire.                                      Homes for Sale: The MLS said 39 new Ontario listings were added during the week, for a total inventory of 777 previously-owned homes listed in Ontario on August 3, including 530 single-family homes with no monthly fees and 247 condominiums, town homes and single-family homes in associations. The MLS listings indicated 323 of homes currently on the market were vacant. Of the homes for sale in Onta... 08/03/2008

No matter what the market, people will continue to desire to live in Ontario, as it remains one of the most attractive cities within San Bernardino County. Comparatively speaking, the Ontario housing market continues to post brisk sales.  In of June 2008, 132 single family homes and a total of 36 condos/townhomes sold, up by 18 from last month.  My overall view of the market is still going to slip this fall even though the number of sales have increased the last few months. Sales were up 78 last month but closed sales this month were only up 22, this tells me that many of the pending sales are not closing escrow. Click Here for the San Bernardino County market report. Closed Sales for June 2008: Up 22 from last month85 Single Family Homes16 Condos/TownhomesPending Sales for June 2008: U... 07/31/2008

Homes Sold: Twenty-one previously-owned homes closed escrow in Ontario during the week ending July 26, 2008, and 32 Ontario homes reportedly entered escrow during the week, according to the Inland Multi-Regional Multiple Listing Service, which shows listings and sales of previously-owned homes reported by real estate professionals in the Inland Empire.                                      Homes for Sale: The MLS said 29 new Ontario listings were added during the week, for a total inventory of 804 previously-owned homes listed in Ontario on July 27, including 544 single-family homes with no monthly fees and 260 condominiums, town homes and single-family homes in associations. The MLS listings indicated 335 of homes currently on the market were vacant. Of the homes for sale in Ontario, 26... 07/27/2008

Homes Sold: Twelve previously-owned homes closed escrow in Ontario during the week ending July 19, 2008, and 34 Ontario homes reportedly entered escrow during the week, according to the Inland Multi-Regional Multiple Listing Service, which shows listings and sales of previously-owned homes reported by real estate professionals. Homes for Sale: The MLS said 37 new Ontario listings were added during the week, for a total inventory of 832 previously-owned homes listed in Ontario on July 20, including 566 single-family homes with no monthly fees and 266 condominiums, town homes and single-family homes in associations. The MLS listings indicated 347 of homes currently on the market were vacant. Of the homes for sale in Ontario, 258 were listed as "short sales" and 137 were being sold by the ... 07/20/2008

Five previously-owned homes closed escrow in Ontario during the week ending July 12, 2008, and 28 Ontario homes reportedly entered escrow during the week, according to the Inland Multi-Regional Multiple Listing Service, which shows listings and sales of previously-owned homes reported by its members. The MLS said 65 new Ontario listings were added during the week, for a total inventory of 853 previously-owned homes listed in Ontario on July 6, including 582 single-family homes with no monthly fees and 271 condominiums, town homes and single-family homes in associations. The MLS listings indicated 371 of homes currently on the market were vacant. Of the homes for sale in Ontario, 256 were listed as "short sales" and 149 were being sold by the lender, according the MLS listing information... 07/13/2008

      Welcome to Ontario! Ontario-- Welcome to the City of Ontario, one of California's first planned communities. Our City's Canadian founders arrived in 1880. Nourished by their business bravado and engineering brilliance, the City of Ontario grew to become an economic leader in Southern California. Today, growing recognition of the City of Ontario's prominent role in Southern California and increasing importance to the state, national and international economies is greatly attributable to the Mayor and City Council's aggressive economic development strategies, vision and determination to shape events and create Ontario's future.         Our City on the Internet • Official City Website • Ontario-Montclair School District • Chaffey Joint Union High School District • Mountain View Scho... 07/10/2008

Twelve previously-owned homes closed escrow in Ontario during the week ending July 5, 2008, and 12 Ontario homes reportedly entered escrow during the week, according to the Inland Multi-Regional Multiple Listing Service, which shows listings and sales of previously-owned homes reported by its members. The MLS said 36 new Ontario listings were added during the week, for a total inventory of 836 previously-owned homes listed in Ontario on July 6, including 598 single-family homes with no monthly fees and 258 condominiums, town homes and single-family homes in associations. The MLS listings indicated 348 of homes currently on the market were vacant. Of the homes for sale in Ontario, 247 were listed as "short sales" and 142 were being sold by the lender, according the MLS listing informatio... 07/06/2008

Eleven previously-owned homes closed escrow in Ontario during the week ending June 28, 2008, and 34 Ontario homes reportedly entered escrow during the week, according to the Inland Multi-Regional Multiple Listing Service, which shows listings and sales of previously-owned homes reported by its members. The MLS said 43 new Ontario listings were added during the week, for a total inventory of 848 previously-owned homes listed in Ontario on June 29, including 593 single-family homes with no monthly fees and 255 condominiums, town homes and single-family homes in associations. The MLS listings indicated 344 of homes currently on the market were vacant. Of the homes for sale in Ontario, 249 were listed as "short sales" and 137 were being sold by the lender, according the MLS listing informat... 06/29/2008

Eleven previously-owned homes closed escrow in Ontario, CA, during the week ending June 21, 2008, and 23 Ontario homes reportedly entered escrow during the week, according to the Inland Multi-Regional Multiple Listing Service, which shows listings and sales of previously-owned homes reported by its members. The MLS said 44 new Ontario listings were added during the week, for a total inventory of 863 previously-owned homes listed in Ontario on June 22, including 598 single-family homes with no monthly fees and 265 condominiums, town homes and single-family homes in associations. The MLS listings indicated 354 of homes currently on the market were vacant. Of the homes for sale in Ontario, 242 were listed as "short sales" and 138 were being  sold by the lender, according the MLS listing in... 06/22/2008

No matter what the market, people will continue to desire to live in Ontario, as it remains one of the most attractive cities within San Bernardino County. Comparatively speaking, the Ontario housing market continues to post brisk sales.  In of May 2008, 106 single family homes and a total of 44 condos/townhomes sold, up by 76 from last month.  My overall view of the market is still going to slip this fall even though we had a huge bump in sales this month. Click Here for the San Bernardino County market report. Closed Sales for May 2008: Up 46 from last month65 Single Family Homes14 Condos/TownhomesPending Sales for May 2008: Up 154 from last month201 Single Family Homes68 Condos/TownhomesCurrent Actives As of Today's Post: Up 39 from last month672 Single Family Homes207 Condos/Townhom... 06/20/2008

Eight previously-owned homes closed escrow in Ontario during the week ending June 14, 2008, and 34 Ontario homes reportedly entered escrow during the week, according to the Inland Multi-Regional Multiple Listing Service, which shows listings and sales of previously-owned homes reported by its members.  The MLS said 45 new Ontario listings were added during the week, for a total inventory of 864 previously-owned homes listed in Ontario on June 15, including 606 single-family homes with no monthly fees and 258 condominiums, town homes and single-family homes in associations. The MLS listings indicate 342 of homes currently on the market are vacant. Of the homes for sale in Ontario, 241 are listed as "short sales" and 128 are being  sold by the lender, according the MLS listing information... 06/15/2008

Current Ontario Home Sales Trends for 2008   by Kris & Kim Darney With the coming of summer also comes the activity in home sales and listings.  The current market trends are supporting this dynamic in our recent study.  New May 2008 MRMLS* listings are on a dramatic rise increasing 61% since January 2008. This phenomenon shows 2 dynamics. One being,  the summer months increasing activity for relocation and job changes.  Not particularly a phenomenon in itself.  The 2nd is the dramatic increases of "Distress or REO" properties entering the market.   Of the 222 new listings in May 2008, 114 or 51.3% fall into the "distress or REO" criteria.  This is a dramatic sign of the times and will only increase over the next few years as the "shady loans" of the past catch up to the homeowners who ... 06/11/2008

Six previously-owned homes closed escrow in Ontario during the week ending June 7, 2008, and 77 Ontario homes reportedly entered escrow during the week, according to the Inland Multi-Regional Multiple Listing Service, which shows listings and sales of previously-owned homes reported by its members. The MLS said 63 new Ontario listings were added during the week, for a total inventory of 856 previously-owned homes listed in Ontario on June 8, including 607 single-family homes with no monthly fees and 249 condominiums, town homes and single-family homes in associations. The MLS listings indicate 341 of homes currently on the market are vacant. Of the homes for sale in Ontario, 242 are "short sales" and 120 are being  sold by the lender, according the MLS listing information.  As of June 8... 06/08/2008