A Sampling of Median Price History In the Inland Empire

December 9, 2008

Though the IMRMLS data records, I researched median prices for the years 2003, 2005, and 2008. I chose these years because 2003 was when the market began its rise, 2005 was near, if not at, the peak, and 2008 is the current market place. These are prices of closed sales in the month of November. This is not a scientific analysis. I only look at the total number of reported closed sales, divide in half, and pick the price of the halfway property. It is interesting, but may not accurately reflect median prices.

Banning/Beaumont.......2003/$160,000..........2005/$327,500..........2008/$199,000

Bloomington...................2003/$192,000..........2005/$370,000..........2008/$142,000

Colton..............................2003/$187,500..........2005/$310,000..........2008/$170,000

Fontana..........................2003/$236,000..........2005/$392,000..........2008/$235,000

Grand Terrace..............2003/$222,000.................................................2008/$240,000

2003/$234,000..........2005/$349,900..........2008/$257,000

Highland.........................2003/$191,000...........2005/$379,900..........2008/$170,000

Loma Linda...................2003/$280,000...........2005/$360,000.........2008/$190,000

2003/$345,000...........2005/$410,000..........2008/$240,000

Mentone........................2003/$170,000...........2005/$275,000...........2008/$90,000

........................................2005/$293,000..........2008/$138,000

...............................................................................2008/$325,000

...............................................................................2008/$442,000

Moreno Valley..............2003/$210,000.........2005/$365,000............2008/$165,000

Redlands.......................2003/$283,500..........2005/$425,000............2008/$239,000

Rialto.............................2003/$203,000.........2005/$371,500.............2008/$180,000

Riverside......................2003/$257,500..........2005/$405,000............2008/$210,000

San Bernardino...........2003/$145,000..........2005/$307,000.............2008/$110,000

Yucaipa/Calimesa.......2003/$248,000.........2005/$365,000.............2008/$239,000

......................................2005/$379,000.........................................

Where I have posted several prices for a year, it is because there was a fairly significant spread in the prices at the median point.