Median Prices - 2011

July 14, 2011

Here is a look at the median prices of residential real estate reported sold through the CRMLS. These median prices are arrived at in a very simplistic methodology. I take the total number of units reported as sold, divide by 2 and post the selling price of the property that falls at that halfway point.Since my methodology is consistent, I hope that the numbers reported are indicative of the medians in the actual market.

Banning/Beaumont........Jan/175,000.....Feb/155,000.....Mar/155,000

.........................................Apr/155,000.....May/148,500....June/165,000

Bloomington...................Jan/165,000.....Feb/130,000....Mar/149,000

........................................Apr/150,000.....May/125,000....June/150,000

Colton.............................Jan/93,000.......Feb/122,000.....Mar/120,000

.......................................Apr/110,000......May/117,000....June/130,000

Fontana.........................Jan/196,000.....Feb/195,000.....Mar/211.000

......................................Apr/200,000.....May/185,000....June/215,000

Grand Terrace.............Jan/203,000.....Feb/242,000.....Mar/200,000

.....................................Apr/205,000.....May/180,000....June/165,000

Highland.....................Jan/162,000......Feb/180,000.....Mar/155,000

.....................................Apr/164,900.....May/185,000.....June/182,000

Loma Linda................Jan/250,000.....Feb/219,000......Mar/220,000

....................................Apr/200,000.....May/235,000....June/199,000

Mentone....................Jan/157,000.......Feb/80,000.......Mar/85,000

...................................Apr/129,900.......May/95/130......June/95,000

Moreno Valley...........Jan/155,000.......Feb/154,000.....Mar/148,000

...................................Apr/148,000......May/148,000....June/153,000

Redlands...................Jan/218,000......Feb/203,500......Mar/205,000

..................................Apr/202,000.....May/220,000.....June/225,000

Rialto.......................Jan/160,000......Feb/165,000.......Mar/152,000

.................................Apr/159,900......May/164,000......June/158,000

Riverside.................Jan/180,000......Feb/195,000.......Mar/187,000

................................Apr/189,000......May/190,000......June/189,000

San Bernardino......Jan/122,000......Feb/105,000......Mar/95,000

,...............................Apr/109,000.....May/105,000......June/99,000

Yucaipa/Calimesa...Jan/210,000...Feb/190,000......Mar/181,500

.................................Apr/198,000....May/180,000....June/188,000

There are the numbers. With the exception of the very small communities such as Grand Terrace and Mentone, the median prices fall within a relatively tight trading range. Hopefully this is a sign that the market is finally stabilizing.