The median home price in Alta Loma Zip Code 91701 was $325,000 in December 2008, but rebounded to $390,000 by the end of 2009, according to Data Quick, which compiles home sale data throughout California. In contrast, the eastern section of Alta Loma, where homes in Zip Code 91737 are generally newer and more expensive when prices peaked, 2008 brought little relief. The median home price in 2008 plunged from $679, 000 in January 2008 to $385,000 in January 2009. After a year of ups and downs, the median home price in December 2009 was $358,000.
In Upland Zip Code 91784, where the huge Upland Colonies project is located, median home prices slipped $14,000 to $425,000 in December 2009, compared to $439,000 in December 2008 – and far below the median price of $603,000 in January 2008.
Homes in the desirable established neighborhoods of Claremont generally maintained their value in the two-year period, starting with a median home price of $520,000 in January 2008, dropping to $438,000 in September 2008, and peaking at $570,000 in February, 2009. The median Claremont home price in December 2009 was $496,000.
We prepare Home Market Snapshots for the 19 Zip Codes in Chino, Claremont, Fontana, La Verne, Montclair, Ontario, Pomona, Rancho Cucamonga, and Upland. For detailed information about specific neighborhoods, and a Competitive Analysis for your home, call Ila at (909) 261-3541 or Jim at (951) 833-7967.