January 2011 Market Stats - Rancho Cucamonga, CA
Rancho Cucamonga, CA
Of the "Top Ten Cities" that I follow, Rancho Cucamonga is one of the larger cities and certainly a community of interest for many home shoppers.
Single Family Residences (SFR) real estate statistics information about closed transactions, pending sales and active listings were dismal in December of last year. Everyone appeared to take a holiday from home buying and selling. January, 2011 has arrived with prices in Rancho declining again. It comes as no huge surprise that Rancho Cucamonga average home prices are still down almost 42% from the peak prices several years ago.
Several indicators of the January market for Rancho "In A Nutshell":
- Active Listings - 429 units.
- Pending Sales - 189 Units
- Closed Sales - 79 properties - Down 6% from January 2010.
- Average Selling Price - $361,010 - Down 9% from January 2010, and down 10.8 from last month
- Average Days On Market - 69 Days. Almost 20 days longer to sell than last January.
- Months of Inventory - 5.4 months.... Up from last month.
Distressed properties in Rancho Cucamonga represent a substantial share of the market. Bank Owned sales were 26.6% of the total and Short Sales 39.2%.
These numbers may not answer all of your questions, so please feel free to either follow this link for the Top Ten Cities spreadsheet, of give me a call.
This has been the January 2011 Market Stats - Rancho Cucamonga, CA
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It's All About YOU! Brad Rachielles, REALTOR, Upland, CA
Brad Rachielles, REALTOR. Helping Inland Empire Buyers and Sellers with their Real Estate needs in the Communities of: Upland, Rancho Cucamonga, Fontana, Claremont, Ontario, Chino, Chino Hills, Pomona and La Verne, CA.
Web Page: http://www.BradRachielles.com