Upland, CA Real Estate Market Report for December, 2010.
December was mixed in the Upland Real Estate market. Single Family Residence (SFR) Listings, Pending sales and Closed transactions stayed about the same as in November. What was noticeably different was the average selling price... Down 9.5% from last month and the Days On Market jumped from 81 to 98 this month on sold homes.
As this was the end of the year, I note that transactions were down 9.9% in 2010 compared to last year. Compared to the local market (Brad's Ten Cities), Upland fared significantly better than the average of -14.83%. It comes as no surprise that Upland's average selling price is still down 36% from it's peak of several years ago.
In a nutshell - All information is for Single Family Detached Residences.
- Active Listings - 180 Units - Essentially unchanged from November (179)
- Pending Sales - 61 Units - Up from November's 53.
- Closed Sales - 33 Homes - Up slightly (29)
- Average Selling Price - $385,053 - Down 1.9 % from December 2009.
- Average DOM - Up 17 days to 98 days from last month
- Months of Inventory - 5.5 months... down from last months number of 6.2
Standard transactions declined as a percent ot the total to 58.6% with Short Sales increasing to 27.6% and Bank Owned transactions remaining unchanged.
If you have any questions, Please feel free to call.
This has been the Upland, CA Real Estate Market Report for December, 2010. If you like this information and don't want to miss future reports, subscribe below.
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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