The $400,000+ Market

April 17, 2012


In the fourteen communities of Inland Southern California, I keep tracking the $400,000 and over real estate sales. While the volume of our sales has increased, this upper portion of our market remains relatively dormant. If you are a prospective buyer for a $400,000 plus property, now is certainly an excellent time to make a purchase. This segment of the market still has inventory, particularly in the Riverside and Redlands areas. As you will see by the numbers, $400,000 plus has not yet recovered.


Banning/Beaumont.........Jan/1......Feb/0......Mar/1


Bloomington.....................Jan/0......Feb/0......Mar/0


Colton...............................Jan/0......Feb/0.......Mar/0


Fontana...........................Jan/1.......Feb/3.......Mar/1


Grand Terrace...............Jan/0.......Feb/0......Mar/0


Highland.........................Jan/1........Feb/1......Mar/0


Loma Linda....................Jan/1.......Feb/0......Mar/0


Mentone.........................Jan/0.......Feb/0......Mar/0


Moreno Valley...............Jan/0.......Feb/0......Mar/0


Redlands........................Jan/5.......Feb/10.....Mar/8


Rialto..............................Jan/0......Feb/0.......Mar/0


Riverside.......................Jan/18.....Feb/18.....Mar/20


San Bernardino............Jan/1........Feb/0......Mar/0


Yucaipa/Calimesa.......Jan/5........Feb/3.......Mar/2


Considering the the median price in 2006 in Riverside, Fontana, Redlands and Yucaipa was over $400,000 you know that we have a ways to go.