The Upper End Real Estate Market ($400,000+)

May 22, 2012
As those of you who follow the CENTURY 21 Lois Lauer Realty blog are aware, I track the unit numbers for the properties that have sold over $400,000. Remembering that once, about five years ago, some of our communities had median prices of $400,000, I look to see how this segment of the market is recovering as the over $400,000 sales almost entirely dropped off. They still remain a very small portion of the overall sales reported through the CRMLS.
Banning/Beaumont.............Jan/1......Feb/0......Mar/0......Apr/0
Bloomington......................Jan/0......Feb/0......Mar/0......Apr/0
Colton...............................Jan/0......Feb/0......Mar/0......Apr/0
Fontana.............................Jan/1......Feb/3......Mar/1......Apr/0
Grand Terrace...................Jan/0......Feb/0......Mar/0......Apr/0
Highland............................Jan/1......Feb/1......Mar/0......Apr/2
Loma Linda.......................Jan/1......Feb/0......Mar/0......Apr/1
Mentone............................Jan/0......Feb/0......Mar/0......Apr/0
Moreno Valley...................Jan/0......Feb/0......Mar/0......Apr/0
Redlands...........................Jan/5......Feb/10.....Mar/8......Apr/6
Rialto................................Jan/0......Feb/0......Mar/0......Apr/0
Riverside..........................Jan/18.....Feb/18....Mar/20....Apr/20
San Bernardino.................Jan/1.......Feb/0......Mar/0......Apr/0
Yucaipa/Calimesa.............Jan/5.......Feb/3......Mar/2......Apr/4
The numbers in Riverside, Redlands, Yucaipa and Highlend are remaining fairly consistent. However, these communities have a larger number of "for sale" properties in the over $400,000 category and it would be encouraging to see an uptick in this end of the real estate market.