UPLAND, CA - Single Family Residential Market Report for May, 2013
By Brad Rachielles, REALTOR, CDPE, Upland, CA
(CENTURY 21 Peak, Ca BRE# 01489453)
Big changes seen in May. By Brad Rachielles. May 2013 has brought very significant changes in the real estate market in and around Upland, CA. As suspected, prices continue to climb with average selling prices up 36.2% from this month last year (although this also reflects a substantial increase in the average size of the homes purchased). Square foot pricing is still up 13% from may 2012. Not specifically covered here is the very significant increase in mortgage interest rates seen in the last couple of weeks. Buyers are encouraged to contact their lenders for up-to-date information. The Community Upland leaves the heavy industry, huge entertainment venues and highrise buildings to neighboring cities. Our strength is in our community feeling, great schools, rapidly expanding sh...
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