Median Home Prices/June 2008/2007/2003
July 10, 2008
The topic of the current status of the real estate market seems never far from any casual conversation, news headline or TV commentary. I, too, contribute my data collection. Since I am a data-nut, I enjoy collecting the data and passing it on to anyone who is interested. Since, as I said yesterday, I am not an economist nor, I might add, a statistician, my bias is to just present the raw data and let the person reading it make the interpretation. So for those of you who are interested in median prices, here is some data. This is data reported through the IMRMLS for the month of June 2008, 2007 and 2003. I went to 2003 since it is commonly believed that the up cycle began sometime in 2003-2004. Banning/Beaumont........2008/$240,000.....2007/$285,000.....2003/$164,900
Bloomington....................2008/$200,000.....2007/$375,000.....2003/$175,000
Colton...............................2008/$201,000,,,,,2007/$350,000.....2003/$182,500
Fontana............................2008/$270,000.....2007/$399,000.....2003/$205,900
Grand Terrace................2008/$299,900.....2007/$370,000.....2003/$206,500
Highland..........................2008/$240,000.....2007/$345,000.....2003/$198,900
Loma Linda.....................2008/$270,000.....2007/$435,000.....2003/$195,000
Mentone...........................2008/$269,600.....2007/$343,000.....2003/$143,900
Moreno Valley................2008/$200,000.....2007/$358,000.....2003/$181,000
Redlands.........................2008/$300,000.....2007/$395,000.....2003/$227,000
Rialto...............................2008/$222,500.....2007/$350,000.....2003/$182,500
Riverside.........................2008/$265,000.....2007/$402,600.....2003/$214,950
San Bernardino..............2008/$160,000.....2007/$295,000.....2003/$134,000
Yucaipa/Calimesa.........2008/$295,000.....2007/$329,000.....2003/$196,500
A caveat: The median price is arbitrarily chosen as the price of the reported sale that is at the halfway point of the total sales reported. i.e. if 50 sales are reported it would be the price of the 25th sale. Half of the homes sold for less and half sold for more.
The topic of the current status of the real estate market seems never far from any casual conversation, news headline or TV commentary. I, too, contribute my data collection. Since I am a data-nut, I enjoy collecting the data and passing it on to anyone who is interested. Since, as I said yesterday, I am not an economist nor, I might add, a statistician, my bias is to just present the raw data and let the person reading it make the interpretation. So for those of you who are interested in median prices, here is some data. This is data reported through the IMRMLS for the month of June 2008, 2007 and 2003. I went to 2003 since it is commonly believed that the up cycle began sometime in 2003-2004. Banning/Beaumont........2008/$240,000.....2007/$285,000.....2003/$164,900
Bloomington....................2008/$200,000.....2007/$375,000.....2003/$175,000
Colton...............................2008/$201,000,,,,,2007/$350,000.....2003/$182,500
Fontana............................2008/$270,000.....2007/$399,000.....2003/$205,900
Grand Terrace................2008/$299,900.....2007/$370,000.....2003/$206,500
Highland..........................2008/$240,000.....2007/$345,000.....2003/$198,900
Loma Linda.....................2008/$270,000.....2007/$435,000.....2003/$195,000
Mentone...........................2008/$269,600.....2007/$343,000.....2003/$143,900
Moreno Valley................2008/$200,000.....2007/$358,000.....2003/$181,000
Redlands.........................2008/$300,000.....2007/$395,000.....2003/$227,000
Rialto...............................2008/$222,500.....2007/$350,000.....2003/$182,500
Riverside.........................2008/$265,000.....2007/$402,600.....2003/$214,950
San Bernardino..............2008/$160,000.....2007/$295,000.....2003/$134,000
Yucaipa/Calimesa.........2008/$295,000.....2007/$329,000.....2003/$196,500
A caveat: The median price is arbitrarily chosen as the price of the reported sale that is at the halfway point of the total sales reported. i.e. if 50 sales are reported it would be the price of the 25th sale. Half of the homes sold for less and half sold for more.
posted by shirley harry at 9:08 AM
0 Comments:
Post a Comment
<< Home