Featured Properties
Search All Local Listings
City Search
Claremont
Upland
Rancho Cucamonga
Ontario
La Verne
Fontana


Horse Properties
Extra Large Lots
Condos and Townhomes
"Karen is a hands on Realtor with great ideas"
"You can trust Karen to take good care of you because she truly cares."
Carol S.
Read Quote >
View All Quotes >
Karen Angona is one of The Top Selling Real Estate Experts™
Find Out More >

Local Economy

Welcome > Local Info > Economy ...

Local Economy
TIMES ARE CHANGING
 

  • Every real estate market has its strengths and weaknesses. Two years ago there was a shortage of homes on the market creating a very favorable market for sellers. Sellers could price their home at the top of the comparable homes sold and probably acheive a sale within 15-30 days with several offers. Buyers had to react fast, be first to see the property, and offer quickly for any hope of purchasing the home...Today we have an entirely new type of real estate market. Sellers are inviting buyers to make offers on their home. Homes are remaining on the market longer. Interest rates remain very favorable. We are seeing home loan purchase interest as low as 5.75% without paying extra points to buy down the rates. Today there are 98 homes for sale in Upland in the price range of 450,000 to $550,000. This is an estimated 5.5 months of inventory based on current sales rate. Rancho Cucamonga has 289 homes for sale in the same price range and this represents 6.5 months of inventory. THIS CREATES A VERY FAVORABLE MARKET FOR BUYERS. IF YOU HAVE BEEN WAITING TO ENTER THE HOME PURCHASE MARKET, DON'T MISS A GREAT OPPORTUNITY. I mention this information to buyers and sellers because they each need to understand the opportunities. The buyer has a great selection of homes to choose and negotiating power. The seller needs to be informed so he/she knows how to value their property. It should not be priced through panic but with an understanding of what is the correct market approach. The media headlines are not conveying the whole truth. You get a much different perspective by reading the underlying data than what appears in headline print. This is when the assistance of a experienced real estate consultant such as my team can walk you through the data available and together make informed decisions. We have the pulse of our local Foothill Communities economy. A competent agent can assess what todays value is and help you achieve your goals in a more timely manner which will save you $. If you want more information on current market conditions and inventory available for your specific needs, give me a call and I will compile a detailed report especially for your needs. My direct line is 909.920.4625. Please leave detailed information so I can get back to you quickly. 

  • Claremont facts

    Geographic facts

    City size 13.5 square miles
    Population� 33,998
    Elevation 1,150 feet
    Average temperature 63 degrees Fahrenheit
    Proximity facts
    8 minutes to L.A./Ontario International Airport
    32 minutes to Los Angeles
    42 minutes to LAX
    95 minutes to San Diego
    3.6 hours to Las Vegas
    Household facts 
    Median income  $70,647
    Average income  $91,605
    Median age 35.8 years
    Median size 2.85 persons
    College graduates 28.3% of wage earners
    Home price average (New) $260,857
    Home price average (Existing) $243,322
    Business facts
    Business licenses 7,189
    Jobs� 51,964
    Taxable sales $.96 Billion 
    Total personal income

    $2.21 Billion 

       
    � Source: CA Department of Finance, E-5 Reports  
    � Source: CA Employment Development Department. 

    Revised 03/31/04

    Upland facts

    Geographic facts

    City size 15.3 square miles
    Population� 70,493
    Elevation 1,328 feet
    Average temperature 62.4 degrees Fahrenheit
    Proximity facts
    10 minutes to L.A./Ontario International Airport
    35 minutes to Los Angeles
    45 minutes to LAX
    100 minutes to San Diego
    3.5 hours to Las Vegas
    Household facts 
    Median income  $48,734
    Average income  $57,471
    Median age 34.5 years
    Median size 2.76 persons
    College graduates 26.7% of wage earners
    Home price average (New) $242,710
    Home price average (Existing) $211,129
    Business facts
    Business licenses 6,232
    Jobs� 43,266
    Taxable sales $1.1 Billion 
    Total personal income

    $2.88 Billion 

       
    � Source: CA Department of Finance, E-5 Reports  
    � Source: CA Employment Development Department. 

    Revised 03/31/04

    Rancho Cucamonga facts

    Geographic facts

    City size 38.3 square miles
    Population� 147,000
    Elevation 1,382 feet
    Average temperature 67 degrees Fahrenheit
    Proximity facts
    5 minutes to L.A./Ontario International Airport
    30 minutes to Los Angeles
    45 minutes to LAX
    90 minutes to San Diego
    3 hours to Las Vegas
    Household facts 
    Median income  $67,752
    Average income  $80,897
    Median age 32.2 years
    Median size 3.09 persons
    College graduates 23.3% of wage earners
    Home price average (New) $342,710
    Home price average (Existing) $306,129
    Business facts
    Business licenses 7,112
    Jobs� 50,790
    Taxable sales $1.3 Billion 
    Total personal income

    $3.56 Billion 

       
    � Source: CA Department of Finance, E-5 Reports  
    � Source: CA Employment Development Department. 

    Revised 03/31/04

    About You
    * Your Name:
    * Your Email Address:
    Your Street Address:
    City:
    State/Province:
    Country:
    Zip/Postal Code:
    Phone:

    About Your Move
    When Are You Moving?
    Where Are You Moving?

    About Your Home Search
    Your Price Range?
    Number Of Bedrooms?
    Number Of Bathrooms?
    Home Size In Square Feet?

    About Your Home
    Your Preferred Selling Price?
    Number Of Bedrooms?
    Number Of Bathrooms?
    Home Size In Square Feet?

    Additional Info
    Please Enter More Details,
    Along With Any Comments,
    Concerns, Or Questions:
    Send Latest Listings: What is this?
    Send Latest News: What is this?

    *Please note that fields marked with an asterisk are required.


    Quick Response Guarantee >
    Your Privacy Is Guaranteed >
    Free & Without Obligation >

    Real Estate Tips

    Making An Offer >How Much To Offer

    When you make an offer on a house, your biggest decision is how much to offer. Although you don't want to pay more than you have to, it is sometimes hard to predict how much is "enough" for the seller.

    Some sellers price their homes at their bottom line and may be unwilling to negotiate, unless the house has been on the market for a long time. Others build in a little room for negotiation. Some sellers are more motivated than others to get their homes sold. Whatever your situation, it is hard to know what sellers will do until they are presented with an offer.

    If your offer is very low, your finances might look shaky, and asking the sellers to pick up closing costs might just result in a refusal of your offer. If your original proposal is unacceptable, the seller will usually make a counter offer. While sellers like to get their asking prices, good listing agents prepare them for the possibility of receiving offers that involve some compromises.

    See All Tips In The "Making An Offer" Category >
    See Complete Library Of Hundreds Of Tips In 30+ Categories >


    Real Estate Trivia

    Q 
    What building has the largest windows in the world?

    A 
    The Palace of Industry and Technology in Paris, France has three matching windows, each 715 feet high and 164 feet wide and comprised of multiple panes of glass.
    See More Real Estate Trivia >


    Karen Angona, REALTOR®, real estate agent and broker for Claremont, Upland, and Rancho Cucamonga, California home listings, property and land for sale - NUMBER1EXPERT

    Karen Angona
    Century 21/Prestige Properties

    255 W. Foothill Blvd. Suite 100
    Upland, CA 91786
    Direct Line: 909-920-4625
    Cell: 909-732-3910
    Fax: 909-982-8610
    Email: karen@karenangona.com

    Karen Angona is a top-producing associate-broker with Century 21/Prestige Properties. If you choose Karen, you will have the advantage of a sales person with 25 years real estate experience in the Inland Empire as well as individualized, quality service. Karen stays informed with the technological and real estate market changes. She loves the Foothill Communities area that is nestled at the base of Mount Baldy and The San Bernardino National Forest. Karen has a unique combination of experience and enthusiasm, which she shares with her clients. Her motto is "Call Karen and Start Packing. License#0401984

    CDPE Equal Housing REALTOR


    www.KarenSellsFoothillCommunities.com is brought to you by Karen Angona, real estate for
    Claremont, Upland, and Rancho Cucamonga, California

    Read Karen Angona's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge


    USA and Canada Real Estate - NUMBER1EXPERT
    NUMBER1EXPERT®
    © Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
    All rights reserved. All information deemed reliable but not guaranteed.