Median Prices - October 1, 2009

October 12, 2009


Based on the data reported through the IMRMLS, the following are median prices from 2002-2009 for the 14 communities that I have been tracking. I do not have a scientific methodology. I simply find the transaction that is at the halfway point of the number of closed transactions reported for October.


Banning/Beaumont........2009/165,000......2008/195,000......2007/290,000......2006/330,000


...........................................2005/308,000.....2004/235,000.......2003/164,000......2002/139,000


Bloomington...................2009/135,000......2008/190,000.......2007/360,000......2006/385,000


...........................................2005/350,000.....2004/270,000.......2003/185,000......2002/145,000


Colton...............................2009/110,000......2008/159,000.......2007/250,000......2006/340,000


...........................................2005/330,000.....2004/215,000.......2003/170,000.......2002/125,000


Fontana............................2009/195,000......2008/257,500.......2007/391,500.......2006/412,000


...........................................2005/405,000.....2004/325,000.......2003/235,000......2002/170,000


Grand Terrace.................2009/171,000.......2008/238,000......2007/340,000......2006/381,000


...........................................2005/249,900......2004/289,900......2003/240,000......2002/189,900


Highland..........................2009/140,000......2008/202,900......2007/339,000.......2006/364,500


..........................................2005/346,000......2004/284,900.......2003/194,950.......2002/175,000


Loma Linda.....................2009/240,000.....2008/219,000.......2007/319,000.......2006/429,900


..........................................2005/419,000......2004/322,000.......2003/250,500......2002/133,000


Mentone..........................2009/105/195......2008/250/210......2007/350/490......2006/250,000


..........................................2005/358,000.....2004/173/210........2003/75/150.........2002/134/180


Moreno Valley...............2009/140,000......2008/175,000........2007/319,900.......2006/380,000


.........................................2005/359,000......2004/280,000.......2003/199,900.......2002/157,200


Redlands........................2009/235,000......2008/310,000........2007/359,900.......2006/385,000


.........................................2005/395,000......2004/314,000........2003/255,900.......2002/197,500


Rialto..............................2009/123,000......2008/195,000........2007/316,000........2006/385,000


.........................................2005/360,000......2004/281,599........2003/195,000........2002/155,000


Riverside........................2009/180,000......2008/234,000........2007/259,900.......2006/420,000


.........................................2005/365,000......2004/325,000........2003/239,500.......2002/191,000


San Bernardino.............2009/75,000........2008/125,000.........2007/279,999........2006/319,000


.........................................2005/299,000......2004/255,000........2003/149,000........2002/110,000


Yucaipa/Calimesa.........2009/210,000......2008/264/275........2007/310,000........2006/382,500


.........................................2005/385,000......22004/315,000......2003/211,000.........2002/174,500


Three of the communities had a median price higher on the first of October 2009 than the median price at the end of the first half of 2009.


Riverside was $180,000 at the end of September versus $274,000 for the first half of 2009


Moreno Valley was $140,000 at the end of September versus $137,500 for the first half of 2009. Redlands was $235,000 at the end of September versus $225,000 for the first half of 2009.


Median prices are always influenced by the mix of what is selling, but we are hopeful the the slightly upward trend will continue or at least, not decline further.