Rancho Cucamonga Market Trends

No matter how the market fluctuates, there is always a demand for quality homes in quiet and safe suburban areas. Rancho Cucamonga, a city of approximately 175,000 people just 35 miles from Los Angeles would definitely fit that description. Ranked as one of the safest cities in America, Rancho Cucamonga is one of the prime real estate spots for middle class families looking to stay close to the Los Angeles area. Much like those looking at real estate in Georgetown Ontario, Rancho Cucamonga buyers aren't likely to save much, but can find reasonable living at a reasonable price.

Like most areas in San Bernardino County, Rancho Cucamonga real estate is a perfect destination for L.A. commuters who want to raise a family somewhere safe and quiet. Therefore, there isn't the same flexibility in pricing you might typically find in Clarkson real estate. While the average price of a Rancho Cucamonga home hovers around $445,000, the median selling price holds at an average of $300,000. While the difference might seem substantial at a glance, it doesn't share the same flexibility of surrounding Alta Loma or Claremont, where prices are considerably steeper, but the median selling price averages up to half of the listing price.

Given its small community charm and reputations for public safety and education, it should come as no surprise that Rancho Cucamonga property tends to be much higher than some of the other communities in San Bernardino County. For example, the listing prices in Fontana and Montclair average below $250,000, which is what you might expect to pay for your average Toronto condos. When compared to Fontana, however, which holds some of California's highest crime and auto theft rates, one can easily understand why Rancho Cucamonga real estate is at such a premium.

Like most American cities today, Rancho Cucamonga is not immune to the economic downturn. Currently, there are 1,890 foreclosures in the city. While this is most unfortunate for those who are being forced to sell their homes, these foreclosures present buyers with an opportunity to grab real estate at prices comparable to a home sale Whitby. Sellers of foreclosed property need to move their assets quicker than most conventional sellers, so there isn't much room for negotiation, but buyers are likely to get a price below average market value.

One of the most staggering trends from this year to last with Rancho Cucamonga real estate is the average price per square foot. Listed currently at $474, this is an increase of 124% from the same time last year. Surprisingly, this spike has only occurred in the last month, mainly in 3 and 4 bedroom houses. This shows both the demand for family housing in the city, and is a good sign for anyone looking for a single or shared home.

Rancho Cucamonga is a great city for anyone looking to raise a family, and it's comforting to know that though you may be paying a higher price, you're investing your future in this great community.