December Median Prices

January 13, 2010

It has been interesting to chart the median prices of closed transactions as they have been reported through the IMRMLS. A bell curve is a fairly accurate description of their rise and fall.

I thought that I would report the medians for 2002, where the IMRMLS data begins, 2006, the peak of our pricing, and 2009, where we are currently.

Banning/Beaumont..........2009/$175,000,,,,,,,,,.2006/$324,000.........2002/$130,000

Bloomington......................2009/$135,900..........2006/$385,000.........2002/$170,000

Colton.................................2009/$120,000.........2006/$323,000.........2002/$135,000

Fontana..............................2009/$213,000.........2006/$417,500..........2002/$180,000

Grand Terrace..................2009/$199-$206.......2006/$372,990..........2002/$185-$199

Highland............................2009/$180,000.........2006/$360,000..........2002/$172,000

Loma Linda.......................2009/$254,000.........2006/$370,000..........2002/$211,000

Mentone............................2009/*.........................2006/$346,000.........2002/$140,000

Moreno Valley..................2009/$150,000.........2006/$374,900..........2002/$166,900

Redlands...........................2009/$219,000..........2006/$375,000.........2002/$205,000

Rialto.................................2009/$145,000..........2006/$380,000.........2002/$163,000

Riverside..........................2009/$183,500...........2006/$420,000.........2002/$189,900

San Bernardino................2009/$86,000............2006/$314,900..........2002/$118,500

Yucaipa/Calimesa...........2009/$200,000..........2006/$420,000.........2002/$179,900

The * by 2009 Mentone is because there were three sales reported and the prices were wildly divergent - $50,000, $222,000, $359,950.

It will be interesting to track the median pricing in the year 2010.