Market Update

Chino Hills homes sales fell 12% in the month of July. 58 sales closed in July 2007 compared to 66 sales closed in July 2006. Available inventory remains high with 369 homes currently active on the MLS in Chino Hills. The number of foreclosure and short sale properties on the market continue to grow. In addition we are seeing increased levels of appraisals reviews of those properties that are in escrow. All of this indicates the critical importance of pricing when listing your home for sale. The properties that offer value and are reasonably priced, are still selling!