Rancho Cucamonga, California is escalating in price rapidly, up 15 percent in the last month, say local Realtors, who attribute the growth to good city planning.

"Rancho Cucamonga is a very fast-growing city," says Realtor Joeann Dickinson. "There are many job opportunities due to the commercial and residential growth over the last 15 years. The city of Rancho Cucamonga is a very beautifully planned community with new homes, condominium complexes, a new senior center, parks with sports fields, many new shopping malls, restaurants and more. Rancho Cucamonga is one of the fastest growing communities in all of the Inland Empire. The most recent addition to Rancho Cucamonga shopping is the Victoria Gardens Mall. Just that mall alone will draw you to this wonderful community."

About the market, Dickinson says, "As of May 17, 2005, there are 202 homes currently on the market, starting at $165,000 up to $1,900,000. This really gives the buyer a wide price range for home buying. The median home price in Rancho Cucamonga is $425,000. Currently there are 313 pending sales, this indicates that the home buying is still strong in this community. This only poses a problem for the supply of homes for the buyer and great news for the seller. Supply and demand is on the rise along with the home prices."

Advises Realtor Ivy Carroll, "If location and continued value increase in your property are what you are looking for, then the Rancho Cucamonga area is just where your should be moving. At this time the "Inland Empire" is experiencing unbelievable growth. With the new home developments and the commercial and business growth, you will enjoy fine living for many years to come. We have some of the best schools, parks and churches in the area. This is a great place to live, with lots of new home developments and charming areas to live in."

"Rancho Cucamonga, the "Inland Empire's" premier city invites you to acquaint yourself with all it has to offer," says Realtor Greg Coyoque. "As part of one of the fastest growing metropolitan areas, Rancho Cucamonga nonetheless remains one of the safest cities in the country and is a desirable place to live, work, and play. Rancho Cucamonga has much to offer its residents. Businesses, too, are finding Rancho Cucamonga is a great place to call their home. Homes keep appreciating at a steady pace and Rancho Cucamonga has homes available under $500,000."

To sellers, Coyoque suggests, "Selling your home? How soon will it sell? Twelve days? Ninety-five days? Two hundred days? What factors can influence the time it takes to produce a serious buyer? Here's what can be done to speed up the time it takes to attract a buyer -- simply improve any one of the following three items: price, terms, and condition. Realistic price is crucial for a fast sale in this changing market. If your home is being shown, but no offers are received, take a second look at price. Never forget that buyers comparison shop. Savvy home sellers know that pricing a home at "fair market value" is the best way to attract a full price offer. For example, if homes have been listed for $400,000 in a particular neighborhood, yet have been selling for an average of $389,200, the list to sale percentage would be 97.3 percent for that neighborhood. This indicates that homes sell for within about 3 percent of their list price, virtually full price."

To buyers, Coyoque says, "Good bargains only stay on the market for a few days. You need an agent who can spot them right away. Don't forget to get prequalified for a loan, full loan approval is always best."

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Published: June 3, 2005

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