Ontario, CA Real Estate News

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 Ontario, four homes closed escrow and four homes entered escrow during the week ending Nov. 25, the Inland Multi-Regional Multiple Listing Service reported. The MLS said 29 new listings were added for a total inventory of 942 homes on Nov. 26, including 635 single-family homes with no monthly fees and 307 condominiums, townhomes and single-family homes in associations. Thousands of home owners whose mortgages were scheduled to reset to hig...
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By David Hood
(Chino Valley Real Estate)
HOME SALES REPORTBeginning Date: 01/01/2007Board Number: AllEnding Date: 11/01/2007City: ONTArea: 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 1 $100,000 - $149,9991 0 0  0 1 0 $150,000 - $199,9990 0 0  1 2 2 $200,000 - $249,9990 0 0  4 5 7 $250,000 - $299,9992 1 0  11 18 19 $300,000 - $324,9990 0 0  3 10 9 $325,000 - $349,9990 1 1  1 20 8 $350,000 - $374,9992 2 0  1 27 1 $375,000 - $399,9993 4 1  0 30 5 $400,000 - $424,9990 6 2  0 26 1 $425,000 - $449,9990 5 1  0 29 2 $450,000 - $474,9990 2 5  3 25 1 $475,000 - $499,9990 1 3  0 20 0 $500,000 - $549,9990 1 3  0 16 0 $550,000 - $599,9990 0 3  0 5 0 $600,000 - $649,9990 0 2  0 8 0 $650,000 - $699,9990 0 0  ...
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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 Ontario, as it remains one of the most atractive cities within San Bernardino County. Comparatively speaking, the Ontario housing market continues to post brisk sales. In of October 2007, 34 single family homes and a total of 10 condos/townhomes sold.  Total sales are down 87% for the same period last year in the Inland Valley MLS.Closed Sales For October 2007: Down from last month26 Single Family Homes7 Condos/TownhomesPending Sales For October 2007: Down from last month74 Single Family Homes19 Condos/TownhomesCurrent Actives As of Today's Post: Down Slightly from last month723 Single Family Homes28 Condos/TownhomesForeclosure Activity for October 200791710 - 62 Notice of Defaults (NOD) Up Slightly from last month9171...
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
Thirty single-family homes were sold in Ontario during October, according to DQ News, which charts changes in the sales price of single-family homes and condominiums. In Ontario Zip Code 91761, DQ News said 10 single-family homes were sold in October with a median price of $389,000, a 14.3 percent drop from October 2006. Eleven Ontario condos were sold in that area, with a median price of $280,000, a 23.8 percent drop from October. 2006. In Ontario Zip Code 91762, DQ News said 15 single-family homes were sold in October with a median price of $390,000, a 7.7 percent drop from October 2006. Three condos were sold in that area, with a median price of $214,000, an 27.8 percent drop from October. 2006. In Ontario Zip Code 91764, DQ News said 5 single-family homes were sold in October with a...
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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 Ontario home.According to the Inland Multi-Regional Multiple Listing Service, 936 homes were available in Ontario on Nov. 11, including 624 single-family homes with no association fees and 312 condominiums, townhomes and single-family homes with monthly association fees. Seventy-seven 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 ca...
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By Doug Beaver, Corona Norco Eastvale Riverside Homes
(Century 21 Olde Tyme)
September  2007 Comparison to September 2006September Average Price            Average Price TrendSeptember 07 # Sold                        2007                   200665                         $376,642             $408,193         -7.7%San Bernardino County Homes for Sale Monthly Totals:September 07 # Sold                     2007                      20061376                   $335,042                $348,553        -3.9%Closed Residential Resale Transactions As Reported By Dataquick Information Services. I post this information monthly so you can keep up with trends in a few select cities in San Bernardino County. I always post the cities of Ontario, Chino, Chino Hills, Fontana and Rancho Cucmonga as a comparison with the specific city as well. Brought to you by: Doug Beaver Corona,...
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By definition, Home Equity Loan is A loan secured by a primary residence or second home to the extent of the excess of fair market value over the debt incurred in the purchase. Ok, sounds great, but what does that mean? Well, let's take a quick look at an example. Let's say you own a home with a 1st mortgage balance of $250,000 and your home is appraised in your local market for $500,000. This means that you have 50% LTV (Loan to Value). Meaning you have 50% or $250,000 in Home Equity. Seems simple enough, right? Of course, SO let's find out what to do with the banks money.Yes, that's right, I called it the Banks Money. In most cases if a person needs a home equity line of credit or (HELOC), then they will go to a bank. The bank in turn lends money that has been deposited in thousands o...
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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 Ontario. 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, 941 Ontario homes were listed as available on Nov. 4. Of the homes listed for sale, 622 were single-family homes with no monthly association fees and 319 were condos, townhomes or single-family homes in homeowner associations. Seventy 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 13 single-family existing homes were sold in Ontario Zip Code 91761 in September. The median sales price was $410,000, 12.6 percent less than in September 2006. In Zip Code 91762, 12 homes were reported sold; median price was $411,000, 1.1 percent less than in September 2006. In Zip Code 91764, 15 homes were reported sold; median price was $395,000, 1.4 percent less than in September 2006. Sales of new homes were not included.In Ontario, the Inland Multi-Regional Multiple Listing Service reported that 954 existing homes were listed as available on Oct. 28. Of the homes listed for sale, 641 were single-family homes with no monthly association fees and 313 were condos, townhomes or single-family homes in homeowner associations. Eighty were reported in escrow.Avoi...
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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 Ontario. The local multiple listing service reported 958 homes for sale on Oct. 21.Of the homes offered for sale, 646 are single-family homes with no monthly association fees and 312 are condos, townhomes or single-family homes in homeowner associations. Thirty-one 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 t...
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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 Ontario 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 gr...
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
The Great Clean Air Tree Planting Project expects to add 5,000 trees to the Southern California landscape on Saturday, October 27, including those planted by Ontario volunteers.We may all breathe a little easier as a result. One hundred trees remove 604 pounds of pollutants from the air per year, according to statistics from the Center for Urban Forest Research cited on the United Voices website http://unitedvoices.org. The Ontario project is being run by the city Parks and Maintenance Department. Information for volunteers is posted on the city website, www.ci.ontario.ca.us. Volunteers must register by Oct. 8.   
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
More than 5,000 homes were listed for sale in six cities along the Foothill Freeway and in Ontario on Sept. 18, 2007, according to the Inland Regional Multiple Listing Service. Twenty-eight percent of the homes for sale are vacant, with owners anxious to find a buyer.In Ontario, 940 homes are for sale and 85 are in escrow, as reported by the MLS.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 someone else worry about everything outside. Almost 300 cond...
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By Robert Huntsinger, Empire Realty Upland, CA - Full Service at a Discount
(Empire Realty)
Ontario Market Report as of August 2007 No matter what the market, people will continue to desire to live in Ontario, as it remains one of the most atractive cities within San Bernardino County. Comparatively speaking, the Ontario housing market continues to post brisk sales. In of August 2007, 79 single family homes and a total of 34 condos/townhomes sold.  Total sales are down 52% for the same period last year in the Inland Valley MLS.Closed Sales For August 2007:15 Single Family Homes14 Condos/TownhomesPending Sales For August 2007:79 Single Family Homes34 Condos/TownhomesCurrent Actives As of Today's Post:769 Single Family Homes196 Condos/TownhomesIt's important to stay in tune with the changes in the market. Call Empire Realty for your next personal real estate consultation at (909...
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By Ila Josephs, Ila Josephs, Real Estate Broker
(Tarbell, Realtors)
You're driving down a street and suddenly a sign announces "Road Closed Ahead."  What do you do? You have to find another route to get to your destination. You consider different ways to get around the blockage and choose a path that is likely to get you where you want to be.  It's the same in the current real estate market. Whatever your situation, you have many choices. Even if facing foreclosure, stay focused on your goals and look at all your options. When one path turns into a dead end, don't give up. Step back and look for another route. Don't hesitate to ask for help. A low FICO score, for instance, does not necessarily mean you cannot buy a house. Lenders look at many factors - your income, employment history, whether you pay your bills on time are as important as your FICO scor...
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