Single Family Homes sold over $400,000

August 11, 2011
As you might have noted in yesterday's post of the median prices of homes sold in July from 2011 back to 2003, in the boom years of 2005, 2006, 2007 the median price in some communities reached $400,000 and slightly above. Will that median return? I track now the $400,000 volume just to see the activity in that higher end of prices. The volume had fallen to zero, but this year there have been a few transactions. Here are the numbers from July back to January 2011.
Banning/Beaumont............July/1......June/0......May/0......Apr/1......Mar/0
.............................................Feb/0......Jan/0
Bloomington.......................July/0.....June/1......May/0......Apr/0......Mar/0
.............................................Feb/0......Jan/0
Colton..................................July/0.....June/0.....May/0......Apr/0.....Mar/0
.............................................Feb/0......Jan/0
Fontana...............................July/3.....June/4......May/0......Apr/4......Mar/4
.............................................Feb/2......Jan/3
Grand Terrace....................July/0.....June/0......May/0......Apr/0......Mar/0
.............................................Feb/0......Jan/0
Highland.............................July/2.....June/1......May/0......Apr/0......Mar/0
.............................................Feb/2......Jan/0
Loma Linda........................July/0.....June/0.....May/0......Apr/1......Mar/0
............................................Feb/0......Jan/0
Mentone.............................July/0.....June/0.....May/0......Apr/0......Mar/0
............................................Feb/0......Jan/0
Moreno Valley...................July/0......June/1.....May/0......Apr/0......Mar/0
...........................................Feb/0......Jan/0
Redlands...........................July/4......June/8.....May/8......Apr/7......Mar/5
..........................................Feb/6.......Jan/6
Rialto................................July/0......June/0.....May/0......Apr/0.....Mar/0
..........................................Feb/0.......Jan/0
Riverside..........................July/20....June/24....May/18....Apr/22...Mar/16
..........................................Feb/10.....Jan/11
San Bernardino...............July/0......June/0......May/0......Apr/0.....Mar/1
.........................................Feb/0.......Jan/2
Yucaipa/Calimesa..........July/1......June/4.......May/4......Apr/7......Mar/3
.........................................Feb/2.......Jan/2
I especially watch the activity in Riverside as it has the largest number of active listings in the communities that I track. It also is somewhat influenced by what is happening in Orange County. It is a long way from the median $400,000+ prices obtained in 2005, 2006, 2007, but the numbers do show that there is activity, however small that activity might be.