Median Prices of Closed Transactions January thru August 2011

September 14, 2011




Here is a quick overview of median prices as reported in the CRMLS for the fourteen communities that I track. This is not done in any official methodology. I simply take the number of sold properties, divide by 2 and list the selling price of the property at that halfway mark.




I omit the "000" so you will need to remember that the number $165 is really $165,000.




Banning/Beaumont.........Jan/175......Feb/155......Mar/155......Apr/155


..........................................May/148.....June/165....July/161......Aug/165


Bloomington....................Jan/165......Feb/130......Mar/149......Apr/150
.........................................May/125.....June/150....July/155.......Aug/140


Colton..............................Jan/93.......Feb/122.......Mar/149.......Apr/110


.........................................May/117.....June/130.....July/110.......Aug/120


Fontana...........................Jan/194.....Feb/195.......Mar/211.......Apr/200


.........................................May/185....June/215.....July/205......Aug/200


Grand Terrace................Jan/203.....Feb/242......Mar/200......Apr/205


.........................................May/180...June/165.....July/220.......Aug/215


Highland.........................Jan/162.....Feb/180......Mar/155........Apr/165


.........................................May/185...June/182.....July/163........Aug/200


Loma Linda....................Jan/250....Feb/219.......Mar/220.......Apr/200


........................................May/235....June/250....July/220.......Aug/250


Mentone.........................Jan/157......Feb/80........Mar/85.........Apr/129/154


........................................May/95......June/95......July/144........Aug/159/235


Moreno Valley................Jan/155.....Feb/154.......Mar/148.......Apr/148


........................................May/148....June/153.....July/157........Aug/159


Redlands........................Jan/218......Feb/203......Mar/205......Apr/202


.......................................May/220....June/225.....July/205......Aug/215


Rialto.............................Jan/160......Feb/165.......Mar/152.......Apr/160


.......................................May/164.....June/158.....July/165.......Aug/170


Riverside.......................Jan/180......Feb/195.......Mar/187.......Apr/189


.......................................May/190.....June/189....July/190.......Aug/200


San Bernardino............Jan/122......Feb/105.......Mar/95........Apr/109


......................................May/105......June/99......July/123.......Aug/100


Yucaipa/Calimesa.......Jan/210.......Feb/190......Mar/181.......Apr/198


......................................May/180.....June/188.....July/195.......Aug/212


You can judge for yourselves about the state of our local real estate marketplace. These numbers seem to indicate that we have home sales resting on a plateau as far as prices are concerned. No wild swings lower nor swings higher. Interestingly, the median prices are not significantly changed from where they were in 2010. We can hope that this is a market that has found its "bottom" and will be ready for a change when the economy posts some positive numbers in other areas, particularly jobs and new construction.