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Upland Market Report for August 2008

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 2008, 28 single family homes and a total of 3 condos/townhomes entered escrow, down 7 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.

Closed Sales for August 2008: Down 10 from Last Month

37 Single Family Homes

8 Condos/Townhomes

Pending Sales for August 2008: Down 4 from last month

81 Single Family Homes

11 Condos/Townhomes

Current Actives as of Today's Post: Up 24 from last month, here comes the building inventory.

313 Single Family Homes

41 Condos/Townhomes

Foreclosure Activity for August 2008

91784 - 13 Notice of Defaults (NOD) Down 8 from last month

91784 - 14 Notice of Foreclosure Sale (NOS) Down 5 from last month

91786 - 13 Notice of Defaults (NOD) Down 27 from last month

91786 - 20 Notice of Foreclosure Sale (NOS) Down 16 from last month

With the lower NOD and NOS numbers this month don't go and get yourself all excited that foreclosures are subsiding. I believe that the drop in numbers is associated with the effects of SB 1137 which took effect this last month, for the full article on SB 1137 click here.

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 October 12, 2008 for Upland is 232, down $6 from last month.

Single Family Residences

SFR Only

San Bernardino County

# SFR

Price (1,000)

% chg from Previous Year

$/Sq Ft

Media Price Prior to Present Month % change SFR

Prior to Present Month Change $ Per Sq Ft

Prior to Present Month Median $ Change ($1,000)

Feb 08

16

$538

-16.7%

$212

Mar 08

13

$527

-21.9%

$230

8.5%

$18

($11)

Apr 08

13

$560

-16.6%

$245

6.5%

$15

$33

May 08

20

$495

-24.8%

$236

-3.7%

($9)

($65)

Jun 08

20

$503

-26.6%

$243

3.0%

$7

$8

Jul 08

34

$501

-20.6%

$213

-12.3%

($30)

($2)

Aug 08

24

$530

-13.1%

$211

-0.9%

($2)

$29

Feb-Aug % Change

0%

Feb-Aug $ Change

$1

Single Family Residences

SFR Only

San Bernardino County

# SFR

Price (1,000)

% chg from Previous Year

$/Sq Ft

Media Price Prior to Present Month % change SFR

Prior to Present Month Change $ Per Sq Ft

Prior to Present Month Median $ Change ($1,000)

Feb 08

10

$330

-25.8%

$256

Mar 08

13

$388

-18.4%

$247

-3.5%

($9)

$58

Apr 08

17

$358

-28.1%

$231

-6.5%

($16)

($30)

May 08

14

$338

-25.0%

$201

-13.0%

($30)

($20)

Jun 08

25

$305

-35.6%

$225

11.9%

$24

($33)

Jul 08

20

$380

-14.7%

$211

-6.2%

($14)

$75

Aug 08

18

$325

-33.0%

$204

-3.3%

($7)

($55)

Feb-Aug % Change

-20%

Feb-Aug $ Change

$52

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.

Posted Tuesday Oct 14

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