Median Home Prices - March 2010-2003

April 8, 2010


It is interesting to trace the rise and fall of median prices in the Inland Empire. In the fourteen communities that I track, about half have slightly higher median prices than last March. The rest are slightly less. However, no big discrepancy such as were apparent from March 2007 to March 2008.


Here are the numbers.


Banning/Beaumont..........2010/185,000......2009/160,000.......2008/238,000......2007/285,000


............................................2006/305,000......2005/254,900......2004/185,000.......2003/135,000


Bloomington......................2010/155,000......2009/190,000......2008/249,900.......2007/391,000


............................................2006/365,000......2005/285,000......2004/216,000.......2003/168,000


Colton.................................2010/102,000.......2009/127,900......2008/220,000......2007/275,000


............................................2006/333,000......2005/264,000......2004/180,000......2003/132,000


Fontana..............................2010/200,000.....2009/190,000......2008/319,000.......2007/419,900


............................................2006/413,000......2005/349,900......2004/265,000.......2003/185,000


Grand Terrace..................2010/249,900......2009/193,000......2008/280,000......2007/382/424


............................................2006/405,000......2005/349.900......2004/290,000......2003/194,000


Highland............................2010/160,000......2009/120,000......2008/335,000......2007/380,000


............................................2006/365,000......2005/309,000.....2004/195,000......2003/171,000


Loma Linda.......................2010/179,000......2009/215,000......2008/350,000......2007/379/435


............................................2006/465,000......2005/304,900......2004/238,000......2003/213,000


Mentone............................2010/164,000......2009/55,000........2008/330,000......2007/254/419


............................................2006/293/315.....2005/219,900......2004/159,000.......2003/179/210


Moreno Valley..................2010/150,000......2009/135,000......2008/236,990.......2007/364,000


............................................2006/375,000......2005/305,000......2004/237,000......2003/172,000


Redlands...........................2010/214,000.......2009/218,000......2008/310,000......2007/412,000


...........................................2006/409,000......2005/342,000......2004/314,000......2003/238,100


Rialto.................................2010/155,000......2009/145,000......2008/224,900.......2007/375,000


...........................................2006/375,000......2005/302,000......2004/229,000......2003/180,777


Riverside..........................2010/190,000......2009/178,000.......2008/293,000......2007/405,000


...........................................2006/420,000......2005/364,000......2004/294,000......2003/199,500


San Bernardino................2010/90,000........2009/82,000........2008/190,000......2007/310,000


...........................................2006/303,000......2005/245,000......2004/165,000......2003/124,950


Yucaipa/Calimesa...........2010/199,000......2009/205,000......2008/289,000......2007/350,000


...........................................2006/374,900......2005/315,000......2004/245,000......2003/190.000


This is not a scientific method for determine median prices. I simply use the data reported through the IMRMLS and take the number of closed transactions and divide by two. The price of the property at this halfway point is the property I select for the median price. Half of the sales reported closed above this number and half closed below.