Median Prices - July -January, 2012

August 9, 2012
We still have a "bouncy" market.One month an up tick, next month a down tick. No trend as yet. Here are the numbers. Remember that this is not a scientific determination. It is simply taking the number of properties reported sold, dividing by two and selecting the reported selling price of that property.
Banning/Beaumont.......Jan/156,000......Feb/145.000......Mar/158,000......Apr/160,000......May/151,000
.........................................June/158,500......July/149,000
Bloomington..................Jan/110,000......Feb/132/140......Mar/175,000......Apr/145,000......May/129,000
........................................June/149,000.....July/159,000
Colton.............................Jan/125,000......Feb/121,500......Mar/114,000......Apr/120,000......May/139,000
........................................June/110,000.....July/125,000
Fontana..........................Jan/210,200.......Feb/210,000.....Mar/197,000......Apr/215,000......May/220,000
........................................June/198,000.....July/216,000
Grand Terrace................Jan/179,000......Feb/145,000.....Mar/199,000......Apr/170,000......May/182,000
........................................June/194,600.....July/185,000
Highland........................Jan/160,000.......Feb/145,000.....Mar/184,000......Apr/157.000......May/225,000
........................................June/181,000.....July/175,000
Loma Linda....................Jan/230,000.......Feb/185,000.....Mar/295,000......Apr/230,000......May/189,000
........................................June/185,000.....July/270,000
Mentone........................Jan/115/130.......Feb/140,000.....Mar/129/155......Apr/118,000......May/180,000
........................................June/80,000.......July/110/170
Moreno Valley..............Jan/147,000.......Feb/144,000......Mar/153,000......Apr/149,000......May/152,500
........................................June/158,900.....July/160,000
Redlands........................Jan/178,000.......Feb/186,000......Mar/220,000......Apr/190,000......May/220,000
........................................June/223,000......July/245,000
Rialto..............................Jan/163,000.......Feb/165,000......Mar/165,000.......Apr/175,000......May/160,000
........................................June/163,000......July/165,000
Riverside........................Jan/195,000.......Feb/180,000......Mar/190,000.......Apr/190,000......May/189,000
........................................June/208,000......July/204,000
San Bernardino.............Jan/110,000.......Feb/100,000......Mar/105,000.......Apr/110,000.......May/114,200
........................................June/117,000......July/120,000
Yucaipa/Calimesa.........Jan/189,000.......Feb/160,000......Mar/170,000.......Apr/180,000.......May/154,000
.......................................June/179,000......July/181,500
There you have it. Certainly these numbers are better thaan a year ago. Check the blog posts of August 2011. It will be interesting to watch the numbers as we begin to experience a real estate market where demand seems to be greater than supply. Multiple offers are already pretty common and buyers are more willing to offer over the listed price. When lenders get on board perhaps we will see an upward trend. At the moment, appraisals are still a challenge when a sale goes higher than the past three months comparable sales.