Tracking the Median Price

October 7, 2008


It seems to me that a check of the median selling price of properties in the 14 communities that I have been watching gives a reason why the the number of units selling has increased as dramatically as it has. Judge for yourself. (I am rounding the prices to the nearest $1000. Also add three zeros to the posted number.)


Banning/Beaumont.....2008/196.....2007/290.....2006/330.....2005/320.....2004/225.....2003/164


Bloomington.................2008/190.....2007/360.....2006/385.....2005/344.....2004/270.....2003/185


Colton............................2008/159.....2007/326.....2006/339.....2005/325.....2004/215.....2003/170


Fontana.........................2008/257.....2007/400.....2006/412.....2005/406....2004/325.....2003/235


Grand Terrace.........................2008/238.....2007/340.....2006/390.....2005/250....2004/295.....2003/240


Highland.......................2008/210.....2007/345.....2006/369.....2005/346.....2004/281.....2003/195


Loma Linda............................2008/310.....2007/369.....2006/426.....2005/447.....2004/322.....2003/251


Mentone......................2008/210.....2007/350.....2006/250.....2005/358.....2004/210.....2003/149


Moreno Valley..........................2008/173.....2007/320.....2006/380.....2005/360.....2004/280.....2003/200


Redlands.....................2008/325.....2007/360.....2006/385.....2005/398.....2004/320.....2003/256


Rialto...........................2008/195.....2007/322.....2006/385.....2005/360.....2004/285.....2003/195


Riverside....................2008/231.....2007/360.....2006/425.....2005/400.....2004/325.....2003/240


San Bernardino.................2008/125.....2007/280.....2006/329.....2005/300.....2004/222.....2003/149


Yucaipa/Calimesa.....2008/264.....2007/300.....2006/388.....2005/375.....2004/315.....2003/215





The data is indicating that value has returned to the real estate market!