The Over $400,000 Real Estate Market
October 13, 2011
In keeping tabs on what is happening in our local real estate markets, the number of closed transactions with a selling price over $400,000 is on of the data points that I track. In 2006 and 2007, Riverside, Fontana and Redlands had median prices over $400,000. We are a long ways from that median price, but Riverside, Redlands, Yucaipa/Calimesa and Highland have had sales over $400,000 the remaining ten of the fourteen communities that I track are still without sales in that range. In this third quarter of 2011, Banning/Beaumont and Colton did each post one or two over $400,000 sales. The total in September for the fourteen communities was thirty-two, down from the forty-two posted in August but up from the twenty-eight posted in July.
As I track the numbers, it is interesting to see that they seem to confirm the general opinion that we are bouncing along the bottom of the housing recession. We are not going up nor are we going down.
In keeping tabs on what is happening in our local real estate markets, the number of closed transactions with a selling price over $400,000 is on of the data points that I track. In 2006 and 2007, Riverside, Fontana and Redlands had median prices over $400,000. We are a long ways from that median price, but Riverside, Redlands, Yucaipa/Calimesa and Highland have had sales over $400,000 the remaining ten of the fourteen communities that I track are still without sales in that range. In this third quarter of 2011, Banning/Beaumont and Colton did each post one or two over $400,000 sales. The total in September for the fourteen communities was thirty-two, down from the forty-two posted in August but up from the twenty-eight posted in July.
As I track the numbers, it is interesting to see that they seem to confirm the general opinion that we are bouncing along the bottom of the housing recession. We are not going up nor are we going down.
posted by shirley harry at 8:46 AM
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