Inland California Communities - Median Prices

September 11, 2007

The following data is taken from the sales reported through the IMRMLS for the month of August. It does not include new construction or properties for sale by owner.

Banning/Beaumont.....2007:$293,000.....2006:$315,000....Percentage:-7%

Bloomington.................2007:$324,000.....2006:$399,000...Percentage:-19%

Colton............................2007:$335,000.....2006:$370,000....Percentage:-9.5%

Fontana.........................2007:$399,000.....2006:$415,000....Percentage:-4%

Grand Terrace..............2007:$350,000.....2006:$375,000....Percentage:-7%

Highland.......................2007:$335,000.....2006:$380,000....Percentage:-12%

Loma Linda..................2007:$450,000.....2006:$365,000....Percentage:+24%

Moreno Valley..............2007:$355,000.....2006:$382,000....Percentage:-7%

Redlands.......................2007:$399,000.....2006:$420,000....Percentage:-5%

Rialto............................2007:$325,000.....2006:$370,000....Percentage:-13%

Riverside......................2007:$390,000.....2006:$425,000....Percentage:-8%

San Bernardino...........2007:$270,000.....2006:$320,000....Percentage:-16%

Yucaipa........................2007:$355,000.....2006:$410,000....Percentage:-13.5%



These are median prices. One half of the properties sold in each area sold for less than the median and one half sold for more than the median. As you can note, the median will depend on the mix of houses sold which is reflected in the Loma Linda statistic. With only 9 houses reported, the mix can alter a median price. This data is interesting to track, but not the best indicator of what might be the value of a specific property. A complete market analysis by a professional agent will give a more reliable indication of current market value.