Ontario Real Estate Market Overview
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Selling a House in Ontario, CA
If you’re a resident of Ontario, CA, the best time to sell your home would be in August. Homes sell for 4.38% more than the yearly average and 6 days faster during this month. The median home value is around $454,353, but is predicted to slightly decrease over the next year. If you find yourself struggling to sell your home with an agent or as a FSBO, you’ll be happy to know you have other options. Using an iBuyer for an example, is a real estate method known for making home sales simple. With an iBuyer, you’re no longer responsible for staging your home, negotiating prices, or paying for repairs.
Location & Weather
Ontario is in San Bernard county and is the 4th most populated city in California. The LA/Ontario International Airport is one of the biggest transportation attractions nearby, bringing in people from all over the country. While Ontario is not as big of a tourist spot as LA, it still includes an abundance of different attractions perfect for sports fans, shoppers, music lovers and film connoisseurs alike. Some of these include the Ontario Mills Fashion District, the San Antonio Winery, K1 Speed Ontario and the Ontario Convention Center.
Ontario summers are hot and dry, while the winters are long and cool. Summer temperatures reach highs in the 90’s, with lows in the 60’s. Winter temperatures are in 60’s, with lows in the mid 40’s.
Population, Job Market & Cost of Living
The Ontario population is around 171,000, with a growth rate of 3.5% since 2010. The job growth has increased by 2.3% over the last year and in ten years, is predicted to have increased by 40.6%. This is higher than the U.S. average by 33.5%. Some of the more substantial industries here include manufacturing, food and beverage, modern amenities, and technology. The bigger companies to work for in Ontario are Safariland, Chariot Travelware, Niagara Bottling, Cardenas Markets and DPI Specialty Foods. As expected, the cost of living here is more than the U.S. average but is less than the overall average of California.
Despite its higher price, everything Ontario has to offer makes it worthwhile. It’s the best location for scenic views, family life and tourist attractions, which is why it will continue attracting those interested in the California life-style.