In Fontana, foreclosure discounts hit 50%

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Every few weeks I put together a photo gallery of foreclosed houses for sale, and I just put up another one at LATimes.com -- click here to see 16 foreclosed houses from Glendale to Redondo Beach.

Worth noting: this is the fifth such collection of listings I’ve put together, and for the first time, it includes houses listed at less than half of their peak sales price. The home pictured, a 4-bedroom in Fontana, sold for $385,000 in December of 2006 and is now listed at $189,900 -- a discount of 50.7%.

For what it’s worth, here are links to the previous collections of listings, with the range of discounts from peak sales price in each collection, and the median discount. (I know, this is not a statistically valid sample, but I enjoy playing with numbers. Humor me.)

February 25: Discounts ranged from 14.8% to 41.0%; Median discount: 19.0%
March 6: Discounts ranged from 6.7% to 38.0%; Median discount: 23.9%
April 17: Discounts ranged from 13.5% to 45.1%; Median discount: 28.8%
May 9: Discounts ranged from 7.1% to 44.3%; Median discount: 32.9%
July 9: Discounts ranged from 10.8% to 51.0%; Median discount: 30.9%

Your thoughts? Comments? E-mail story tips to peter.viles@latimes.com
Photo Credit: Baldwin Real Estate Services