Mid Year Median Prices

July 13, 2009

Here are the median prices for the first six months of the years 2009 back to 2002. They follow a pattern that seems to occur in every real estate cycle. Prices rise, then spike for approximately eighteen months to three years and then fall rather sharply. It is amazing to me in the almost thirty years that I have been tracking real estate prices, that even though causes of the spike and then the decline may differ, the pattern is consistent.

Add three zeros (000) to the prices quoted.

Banning Beaumont.......2009/175.....2008/242......2007/300......2006/325......2005/320

........................................2004/195.....2003/145......2002/125

Bloomington..................2009/135.....2008/223......2007/387......2006/370......2005/367

........................................2004/227.....2003/160......2002/136

Colton.............................2009/120.....2008/217......2007/335......2006/334......2005/330

........................................2004/188......2003/145.....2002/118

Fontana.........................2009/200.....2008/309.....2007/420......2006/415......2005/431

.......................................2004/271.......2003/196.....2002/165

Grand Terrace............2009/195.......2008/280.....2007/380......2006/383......2005/380

......................................2004/278.......2003/211......2002/152

Highland......................2009/150.......2008/267......2007/379......2006/365......2005/317

......................................2004/235.......2003/185......2002/156

Loma Linda.................2009/250.......2008/335.....2007/417......2006/395......2005/399

......................................2004/300.......2003/225.....2002/172

Mentone......................2009/115........2008/329.....2007/300....2006/335.......2005/269

......................................2004/195.......2003/153......2002/134

Moreno Valley............2009/137.......2008/225......2007/380.....2006/375.......2005/374

......................................2004/251.......2003/180......2002/149

Redlands......................2009/225......2008/323......2007/400.....2006/393......2005/421

......................................2004/299......2003/220......2002/198

Rialto............................2009/144......2008/230......2007/375......2006/379......2005/385

......................................2004/240......2003/180......2002/145

Riverside.....................2009/174.......2008/285......2007/402.....2006/416.......2005/417

......................................2004/299......2003/212......2002/182

San Bernardino...........2009/80........2008/184......2007/310......2006/307......2005/255

.......................................2004/175......2003/125......2002/107

Yucaipa/Calimesa.......2009/212......2008/285......2007/370.....2006/374......2005/390

.......................................2004/262......2003/190......2002/159



Remember. Median Prices just show where the transactions are taking place. They do not show what might be the value of any particular piece of property. Medians are where half of the transactions were higher and half were lower.