DataQuick has released the Southern California Home Resale Activity report for June 2008. How is your zip code faring? I have included a few of them from San Bernardino County below.
Some interesting items. Fontana 92336 had the most sales of SFR homes in all zip codes with 119. This was followed by Victorville and Hesperia which are just up the hill with 96 and 86 respectively.
The highest median sales price was Rancho Cucamonga with $508,000 followed by Upland at $503,000.
The majority of resale activity was significantly lower throughout San Bernardino County. Countywide prices were down by 37.50%. A few areas bucked the trend. Pioneertown had an increase in median price of 291% and San Bernardino posted the largest decline of -66.9%.
Percent change is from June 2007
| Community Name | ZIP Code | Sales of Single Family Homes | Price Median SFR ($1,000) | Price % Chg from June 2007 |
| SAN BERNARDINO COUNTY | SFR | Price | % chg | |
| Countywide | 1,787 | $225 | -37.50% | |
| Chino | 91710 | 42 | $360 | -28.00% |
| Fontana | 92336 | 119 | $321 | -25.50% |
| R Cucamonga | 91701 | 29 | $403 | -23.60% |
| R Cucamonga | 91730 | 28 | $335 | -28.60% |
| R Cucamonga | 91737 | 29 | $455 | -17.10% |
| R Cucamonga | 91739 | 32 | $508 | -25.60% |
| Max | 119.00 | $508.00 | 291.00% | |
| Min | 1.00 | $38.00 | -66.90% | |
| 25th Percentile | 5.75 | $157.25 | -44.40% | |
| 50th Percentile | 23.50 | $203.50 | -33.65% | |
| 75th Percentile | 35.25 | $282.50 | -25.58% | |
| Average | 26.24 | $228.72 | -26.22% |
Home sales in Southern California are a their lowest levels in two decades. Foreclosures continue to be a large influence on the market with 41.1% of all resales in June. John Walsh, president of DataQuick, points out one of the other problems plaguing this market, the lack of money to lend. Even those that are well qualified find it difficult to get financing.
From DataQuick: Southland home sales drag along bottom
Home sales in Southern California continued at their slowest pace in more than two decades last month as many potential buyers and sellers held off if they could, or struggled with mortgage financing if they couldn't, a real estate information service reported.
A total of 17,424 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was up 3.0 percent from 16,917 the previous month and down 13.6 percent from 20,166 for June a year ago, according to DataQuick Information Systems.
While last month's sales were the highest in ten months, it was still the slowest June in DataQuick's statistics, which go back to 1988. The June average is 28,488 sales, the peak was reached in 2005 when 40,156 homes sold.
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