Median Prices - January Through April 2012

May 21, 2012
Here are the median prices for the homes reported sold through the CRMLS. Remember that this is not a scientific determination. I simply take the number of single family homes reported as "sold", divide by 2 and use the selling price of the property at that halfway point as the median - half of what was sold sold for more and half sold for less.
Banning/Beaumont.........Jan/156,000......Feb/145,000......Mar/158,000......Apr/160,000
Bloomington..................Jan/110,000......Feb/132/140.......Mar/175,000......Apr/145,000
Colton...........................Jan/125,000......Feb/121,500......Mar/114,000......Apr/120,000
Fontana.........................Jan/210,200......Feb/210,000......Mar/197,000......Apr/215,000
Grand Terrace...............Jan/179,000......Feb/145,000......Mar/199,000......Apr/170,000
Highland........................Jan/160,000......Feb/145,000......Mar/194,000......Apr/157,000
Loma Linda...................Jan/230,000......Feb/185,000......Mar/195,000......Apr/230,000
Mentone........................Jan/115/130......Feb/140,000......Mar/129/155......Apr/118/165
Moreno Valley...............Jan/147,000......Feb/144,000......Mar/153,000......Apr/149,000
Redlands........................Jan/178,000......Feb/186,000......Mar/220,000......Apr/190,000
Rialto.............................Jan/163,000......Feb/165,000......Mar/165,000......Apr/175,000
Riverside........................Jan/195,000......Feb/180,000......Mar/190,000......Apr/190,000
San Bernardino..............Jan/110,000......Feb/100,000......Mar/105,000.......Apr/110,000
Yucaipa/Calimesa..........Jan/189,000......Feb/160,000......Mar/170,000.......Apr/180,000
The areas with the larger volume of units sold have more consistency in their median prices. Areas such as Bloomington, Grand Terrace and Mentone are much more likely to have larger fluctuations. Nevertheless, this chart can give us a picture of a real estate market that is beginning to stabilize.