Rancho Cucamonga, CA Market Report for November, 2010
For years, Rancho Cucamonga home pricing raced ahead of inflation. since their peak several years ago, Rancho Cucamonga's prices have fallen (adjusted) 36.5% as of November. Now, more than ever, the savvy home buyer or seller needs to know the numbers FOR HIS/HER LOCAL MARKET. Past articles have been concerned with Ten Cities including and surrounding Rancho Cucamonga. These statistics are as local as you cab get... specifically for Rancho Cucamonga, CA Only. Further analysis and cities compared can be seen at R.E.Stats.
Rancho Cucamonga, CA Market Report for November, 2010 - All information for Single Family Dwellings Detached
- Active Listings -400 Units - down slightly from October (417)
- Pending Sales -291 Units - down slightly from October (296)
- Closed Sales -103 Units - down 13.4% from 11/2009
- Average Selling Price -$392,971 - Up 1.4% from 11/2009
- Average Days-On-Market (sold homes) -Up 6 days this month to 71 days
- Average Dollars per Sq. Foot -$159.53
- Months of inventory - Down to 3.9 from 4.1 in October
Rancho Cucamonga's proportion of "Standard Sale" closed transactions was 45.4%. "Bank Owned" and "short Sales" transactions represented over 50%. Short sales do close and the wait can be rewarding.
If you have any questions, PLEASE feel free to call or e-mail me at your convenience.
This has been your Rancho Cucamonga, CA Market Report for November, 2010. Watch for coverage of other communities and an updated report next month. Subscribing to this Blog can have these valuable reports delivered directly to your e-mail. Thanks for your interest and the Best of Success in your home search or Sale.
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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