A Sampling of Median Prices for Inland Empire Cities
August 6, 2008
Here is a sampling of median prices for July 2008 . Also I am including median prices for the years 2003-2007. It is a tracing of the residential real estate market in the up cycle and the current down cycle. The data comes from my examination of the sold data presented through the IMRMLS. I pick the median by selecting the reported sale at the middle of total sales reported. I also check the prices of the properties just before and after the median. For that reason, in some cases, I show 2 prices because the spread is so great. The prices are listed in 3 digit numbers which represent the $1000 of sale price; i.e. 227= a selling price of $227,000.
Banning/Beaumont.....2008/227....2007/320....2006/328....2005/325....2004/235....2003/148
Bloomington.................2008/190....2007/385....2006/375....2005/309....2004/270....2003/170
214 438 392 326
Colton...........................2008/194....2007/265....2006/320....2005/314....2004/225....2003/170
Fontana........................2008/275....2007/420....2006/424....2005/399....2004/315....2003/212
Grand Terrace............2008/267....2007/348....2006/352....2005/342....2004/292....2003/225
275 365 366 365 249
Highland......................2008/280....2007/349....2006/395....2005/346....2004/272....2003/217
Loma Linda.................2008/305....2007/388....2006/495....2005/397....2004/315....2003/209
429 372 225
Mentone......................2008/160....2007/170....2006/370....2005/225....2004/298....2003/165
189 344 385 325 330 238
Moreno Valley............2008/199....2007/345....2006/390....2005/340....2004/275....2003/230
Redlands......................2008/285....2007/420....2006/425....2005/362....2004/330....2003/256
Rialto............................2008/190....2007/360....2006/390....2005/340....2004/272....2003/190
Riverside,,,,,,,,,,,,,,,,,,,,,.2008/255....2007/399....2006/437....2005/400....2004/330....2003/230
San Bernardino...........2008/150....2007/295....2006/315....2005/275....2004/212....2003/142
Yucaipa/Calimesa......2008/250....2007/355....2006/395....2005/360....2004/314....2003/205
In the cities with a few number of transactions it seems that the price spread is greater. When the numbers are greater, there seems to be a cluster around the median. The interesting comparison is between 2003 and 2008 median prices.
Here is a sampling of median prices for July 2008 . Also I am including median prices for the years 2003-2007. It is a tracing of the residential real estate market in the up cycle and the current down cycle. The data comes from my examination of the sold data presented through the IMRMLS. I pick the median by selecting the reported sale at the middle of total sales reported. I also check the prices of the properties just before and after the median. For that reason, in some cases, I show 2 prices because the spread is so great. The prices are listed in 3 digit numbers which represent the $1000 of sale price; i.e. 227= a selling price of $227,000.
Banning/Beaumont.....2008/227....2007/320....2006/328....2005/325....2004/235....2003/148
Bloomington.................2008/190....2007/385....2006/375....2005/309....2004/270....2003/170
214 438 392 326
Colton...........................2008/194....2007/265....2006/320....2005/314....2004/225....2003/170
Fontana........................2008/275....2007/420....2006/424....2005/399....2004/315....2003/212
Grand Terrace............2008/267....2007/348....2006/352....2005/342....2004/292....2003/225
275 365 366 365 249
Highland......................2008/280....2007/349....2006/395....2005/346....2004/272....2003/217
Loma Linda.................2008/305....2007/388....2006/495....2005/397....2004/315....2003/209
429 372 225
Mentone......................2008/160....2007/170....2006/370....2005/225....2004/298....2003/165
189 344 385 325 330 238
Moreno Valley............2008/199....2007/345....2006/390....2005/340....2004/275....2003/230
Redlands......................2008/285....2007/420....2006/425....2005/362....2004/330....2003/256
Rialto............................2008/190....2007/360....2006/390....2005/340....2004/272....2003/190
Riverside,,,,,,,,,,,,,,,,,,,,,.2008/255....2007/399....2006/437....2005/400....2004/330....2003/230
San Bernardino...........2008/150....2007/295....2006/315....2005/275....2004/212....2003/142
Yucaipa/Calimesa......2008/250....2007/355....2006/395....2005/360....2004/314....2003/205
In the cities with a few number of transactions it seems that the price spread is greater. When the numbers are greater, there seems to be a cluster around the median. The interesting comparison is between 2003 and 2008 median prices.
posted by shirley harry at 7:36 AM
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