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Upland, CA Real Estate News

By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
Short sales - often called "pre-foreclosure" in listings - continue to drive the market down, but the effect is exaggerated by sellers who advertise a very low price to get attention and leave it to the lender to counter offers with a higher, more realistic price.They are called short sales because the seller actually owes more than he expects to receive from the sale. In order to complete a transaction, the lender must either accept less than what is owed or proceed with foreclosure and essentially "repossess" the house. A lender often agrees to a short sale because writing off a portion of the balance owed would be a better option than taking possession of the house and then having the expense of maintaining it, without receiving any payments, until a buyer can found. By the way, a se...
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By Robert Huntsinger, Empire Realty Upland, CA - Full Service at a Discount
(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 November 2007, 10 single family homes and a total of 3 condos/townhomes entered escrow, a down from last month.  Total sales are down 53.5% for the same period last year and 14.1% from last month's sales in the Inland Valley MLS, keep in mind that some of this is seasonal trends coming into play.My overall view of the market is still slipping, Click Hereto view an article about the market conditions of the Inland Empire.Closed Sales For November 2007: Up by 2 from Last Month22 Single Family Homes2 Condos/Townh...
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By Robert Huntsinger, Empire Realty Upland, CA - Full Service at a Discount
(Empire Realty)
For over 55 years a 30 foot star has lit bright from Thanksgiving through Christmas from its perch in the hills above the end of Euclid Avenue in Upland. I have been a resident of Upland for just over five years and my family and I have grown very fond of the star just as I know everyone that sees it must have.The last few years brought many challenges to the star, in October 2003, wild fires almost knocked it out but the owner, Ken Petschow, with the help of friends and supporters were able to get the star back in working order.  Ken did not have as much luck with his home which was completely destroyed in the wild fires, it has yet to be rebuilt.  In 2006 vandals were successful in knocking the star out for the holiday season, due to the recent price increases of copper vandals have b...
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
"You listen to the news and it seems like everyone is moving out of California or losing their house" to foreclosure, said a friend. "It's really a small percentage of homes that are for sale now," I retorted, and we went for a drive. You know what happened. On some streets in every city, there were a number of houses for sale. But on those same streets, a larger number of homes were NOT for sale. My curiosity was piqued, however, so I went in search of statistics showing just how households there are in the cities in my service area. On Board, a real estate information company, says there are 27,900 households in the city of Upland. That includes apartments as well as homes, condominiums and town homes.  (If you're curious too, you can find the number of households On Board reports in ...
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
Thanksgiving and the shopping sprint that followed may have dampened the enthusiasm of some home shoppers, but those determined to change addresses before the end of the year continued to seek out "open house" signs and followed flags into new developments. Most new-construction models were closed for Thanksgiving, but open again on Friday morning. In Upland, four homes closed escrow and two homes entered escrow during the week ending Nov. 25, the Inland Multi-Regional Multiple Listing Service reported. The MLS said 24 new listings were added for a total inventory of 421 homes on Nov. 26, including 300 single-family homes with no monthly fees and 121 condominiums, townhomes and single-family homes in associations. Thousands of home owners whose mortgages were scheduled to reset to high ...
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By David Hood
(Chino Valley Real Estate)
HOME SALES REPORTBeginning Date: 01/01/2007Board Number: AllEnding Date: 11/01/2007City: UPLArea: AllPrice Range: $0 - ALL Single Family Sales - Residential Other StatisticsPrice ClassBedrooms  2 OR Less34 Or More Condo SoldResidential ActiveCondo Active$0 - $99,9990 0 0  0 0 0 $100,000 - $149,9990 0 0  0 0 0 $150,000 - $199,9990 0 0  0 0 0 $200,000 - $249,9990 0 0  1 0 2 $250,000 - $299,9990 0 0  0 0 3 $300,000 - $324,9990 0 0  0 0 0 $325,000 - $349,9990 0 0  2 1 0 $350,000 - $374,9990 0 0  0 0 1 $375,000 - $399,9990 1 0  1 0 0 $400,000 - $424,9990 2 0  0 1 0 $425,000 - $449,9990 2 0  0 5 0 $450,000 - $474,9990 0 1  1 1 0 $475,000 - $499,9990 1 4  0 5 0 $500,000 - $549,9990 2 0  0 7 0 $550,000 - $599,9990 4 2  0 7 0 $600,000 - $649,9990 0 2  0 4 0 $650,000 - $699,9990 0 2  0 5 0 $700,0...
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
Twenty-seven single-family homes were sold in Upland during October, according to DQ News, which charts changes in the sales price of single-family homes and condominiums. In Upland Zip Code 91784, DQ News said 16 single-family homes were sold in October with a median price of $615,000, a 11.6 percent drop from October 2006. Five condos was sold in that area, with a median price of $390,000, a 42.6 percent decline from October. 2006. In Upland Zip Code 91786, DQ News said 11 single-family homes were sold in October with a median price of $380,000, a 22.1 percent drop from October 2006. Two condos were sold in that area, with a median price of $412,000, a 28.3 percent drop from October. 2006. In Upland, 28 new listings were added in the week ending Nov. 18, according to the Inland Multi-...
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By Robert Huntsinger, Empire Realty Upland, CA - Full Service at a Discount
(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 October 2007, 25 single family homes and a total of 3 condos/townhomes entered escrow, a slight up tick from last month.  Total sales are down 58% for the same period last year in the Inland Valley MLS.  My overall view of the market is slipping a little, go to my other blog listing to see why I feel this way, http://activerain.com/blogsview/228068/Soft-to-Softer-inClosed Sales For October 2007: Down Greatly from Last Month18 Single Family Homes3 Condos/TownhomesPending Sales For Octorber 2007: No Change from ...
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
As the number of foreclosures rise and home prices drop, first-time buyers can use down-payment grants, low interest rates, and loan programs allowing FICO scores as low as 480 to purchase an Upland home.According to the Inland Multi-Regional Multiple Listing Service, 405 homes were available in Upland on Nov. 11, including 284 single-family homes with no association fees and 121 condominiums, townhomes and single-family homes with monthly association fees. Twenty-three homes were reported in escrow.Complete information on available homes, down-payment grants and loan programs can be obtained by calling Ila Josephs at (909) 261-3541. First-time home buyers especially can benefit from new government and private agencies ready to help them purchase an affordable home.Current renters can e...
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
Bank-owned properties and short sales continue to add to the number of homes on the market in Upland. Home shoppers can find a wide variety of homes in all price ranges.According to information provided by the Inland Multi-Regional Multiple Listing Service, 419 Upland homes were listed as available on Nov. 4. Of the homes listed for sale, 296 were single-family homes with no monthly association fees and 123 were condos, townhomes or single-family homes in homeowner associations. Nineteen homes were reported in escrow.Call (909) 261-3541 to get daily updates on new listings, including bank-owned and short-sale properties and the services of experienced professionals dedicated to helping you buy or sell real estate with confidence.
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
DQ News has reported that 15 single-family existing homes were sold in Upland Zip Code 91784 in September. The median sales price was $578,000, 18 percent less than in September 2006. In Zip Code 91786, 21 homes were reported sold in September; median price was $438,000, 9.3 percent less than in September 2006. Sales of new homes were not included.In Upland, the Inland Multi-Regional Multiple Listing Service reported that 4232 existing homes were listed as available on Oct. 28. Of the homes listed for sale, 297 were single-family homes with no monthly association fees and 126 were condos, townhomes or single-family homes in homeowner associations. Twenty-two homes were reported in escrow.Avoid Credit Pitfalls During EscrowYou're pre-approved for a loan to buy the home of your dreams. As...
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
Bank-owned properties and short sales continue to add to the number of homes on the market in Upland. The local multiple listing service reported 419 homes for sale on Oct. 21.Of the homes offered for sale, 293 are single-family homes with no monthly association fees and 126 are condos, townhomes or single-family homes in homeowner associations. Eleven homes are in escrow, according to the IMRMLS.The large number of bank-owned and short-sale properties are for sale, providing home shoppers a wide variety of homes in all price ranges. With many bank-owned properties sitting vacant, home buyers who are ready to act can close escrow quickly. Offers on short-sale properties generally take much longer. The lender must approve any short-sale offer. Because the anticipated proceeds from the sa...
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By Robert Huntsinger, Empire Realty Upland, CA - Full Service at a Discount
(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 September 2007, 10 single family homes and a total of 2 condos/townhomes sold, a huge drop from last month.  Total sales are down 42% for the same period last year in the Inland Valley MLS.  My overall view of the market is slipping a little, go to my other blog listing to see why I feel this way, http://activerain.com/blogsview/228068/Soft-to-Softer-inClosed Sales For September 2007: Up Slightly from Last Month36 Single Family Homes8 Condos/TownhomesPending Sales For September 2007: Down Slightly from Last Mo...
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
By Ila JosephsReports of an exploding job market is good news for Upland homeowners. The Inland Valley Daily Bulletin reported on Sept. 27 that Milken Institute rates the Ontario-San Bernardino-Riverside market as No. 3 among 200 large U.S. metropolitan areas in job creation and retention, ranking just behind Ocala, Florida, and Wilmington, North Carolina.It makes sense. The LA/Ontario International Airport processes passengers and cargo more easily than the vast airport in Los Angeles, major freeways offer quick access, land costs much less than in Los Angeles or Orange counties, and the large number of people who moved to the Inland Empire in search of lower- cost housing provide a ready source of employees. More jobs will bring more people to the area needing a place to live, and gre...
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
More than 5,000 homes have been listed for sale in six cities along the 210-Corridor and in Ontario. Twenty-eight percent of the homes for sale are vacant, with owners anxious to find a buyer.In Upland, 431 homes were listed for sale on Sept. 16, according to the local multiple listing service, including 45 condominiums. A two-bedroom condominium was offered for $199,000. Thirty homes were in escrow.The market report below contains information about San Dimas, La Verne, Claremont, Upland, Rancho Cucamonga, Fontana and Ontario. If you want to buy a home this year, please email or call me at (909) 261-3541 for more details.  Affordable CondominiumsCondominiums are an affordable entry into home ownership, and convenient for those who want to control the interior of their home but let someo...
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By Robert Huntsinger, Empire Realty Upland, CA - Full Service at a Discount
(Empire Realty)
Upland Market Report as of August 2007 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 August 2007, 29 single family homes and a total of 5 condos/townhomes sold.  Total sales are down 52% for the same period last year in the Inland Valley MLS.Closed Sales For August 2007:31 Single Family Homes7 Condos/TownhomesPending Sales For August 2007:29 Single Family Homes5 Condos/TownhomesCurrent Actives As of Today's Post:436 Single Family Homes60 Condos/TownhomesIt's important to stay in tune with the changes in the market. Call Empire Realty for your next persona...
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By Linda Moulder
(Weichert Commercial Affliates)
So many people I come into contact with feel the market is going to drop in price anywhere from 25% to 50% before years end. This comes from the media shouting doom and gloom to sell papers. Give me your thoughts please on what you feel. I will come back in to share my thoughts later. Thanks for stopping in and posting in advance I want to say welcome.
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By Ron Gent
(Century 21 Prestige Properties)
                                            This Realtors Opinion, Vol #3--March 2007                This Realtors Opinion, Vol 3        With the warmer weather fast approaching there is a clatter of increased activity in the market, buyers are beginning to take notice again, and those in the know are taking advantage of some of the best values in home prices there has been in years.        Granted it is a very different market than it has been in the past 2-3 years, and 100% Financing & Low Doc loans appear to be going on vacation for a while--but they will return--without a doubt !          People living in California, and especially in The Inland Valley should take note when listening to Media Reports about the housing market, much of the time those reports are referring to Housing o...
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