Median Home Prices/ January 2012

February 9, 2012


How are we beginning 2012? Here are the median prices for homes that closed escrow in January 2012. I am also posting the median prices as reported in January 2011. Remember that I obtain these prices in a non-scientific way. I simply select the property that is at the halfway point of reported closings. It is also important to remember that median price is the number that half of the sales are greater than and half are lesser than.


Banning/Beaumont...........2012/156,000........2011/175,000


Bloomington.......................2012/110,000........2011/165,000


Colton..................................2012/125,000........2011/93,000


Fontana...............................2012/210,000........2011/196,000


Grand Terrace....................2012/179,000........2011/203,000


Highland.............................2012/160,000........2011/162,000


Loma Linda........................2012/230,000........2011/250,000


Mentone.............................2012/115,000


.......................................................130,000........2011/157,000


Moreno Valley..................2012/147,000.........2011/155,000


Redlands...........................2012/178,000.........2011/218,000


Rialto.................................2012/163,000.........2011/160,000


Riverside...........................2012/195,000.........2011/180,000


San Bernardino................2012/110,000.........2011/122,000


Yucaipa/Calimesa...........2012/189,000.........2011/210,000


These median prices seem to indicate that the activity in our real estate market remains in the lower priced homes. First time homeowners and investors are the majority of purchasers, this is reflected in numbers.