Median Prices - November 2012, 2011 and 2005
December 11, 2012
It is always somewhat enlightening to check median prices even though the method I use is definitely not academic or even scientific. I simply take the total number of properties reported as sold though our CRMLS, divide by 2 and post the selling price of the property that falls at this halfway point. What it says is that half of the properties reported as sold, closed above or below this price. Since I have used this process consistently, it show be a reasonable indication of market values. I am posting the November 2012 numbers as well as November 2011. I am also posting the November 2005 numbers which show where we were. When you compare these numbers, you can see why so many folks are struggling with the reduced value of their homes. The good news is that median prices have risen over last year's values.
Banning/Beaumont................2012/170,000......2011/155,000........2005/327,500
Bloomington.........................2012/140,000......2011/140,000........2005/355,000
Colton..................................2012/205/255......2011/131,000........2005/310,000
Fontana................................2012/235,000......2011/199,000........2005/395,000
Grand Terrace......................2012/202,000......2011/177,000........2005/355,000
Highland...............................2012/200,000......2011/167,000........2005/377,000
Loma Linda..........................2012/202,000......2011/174/192........2005/360/410
Mentone..............................2012/79/159.........2011/170,000........2005/275,000
Moreno Valley.....................2012/170,000......2011/150,000.........2005/370,000
Redlands.............................2012/235,000.......2011/189,000.........2005/422,000
Rialto..................................2012/180,000.......2011/160,000.........2005/365,000
Riverside.............................2012/225,000......2011/190,000.........2005/407,000
San Bernardino...................2012/121,000......2011/107,000.........2005/305,000
Yucaipa/Calimesa...............2012/205,000......2011/189,900......... 2005/379,000
There you have it. What year do you think prices might be back to the 2005 numbers?
It is always somewhat enlightening to check median prices even though the method I use is definitely not academic or even scientific. I simply take the total number of properties reported as sold though our CRMLS, divide by 2 and post the selling price of the property that falls at this halfway point. What it says is that half of the properties reported as sold, closed above or below this price. Since I have used this process consistently, it show be a reasonable indication of market values. I am posting the November 2012 numbers as well as November 2011. I am also posting the November 2005 numbers which show where we were. When you compare these numbers, you can see why so many folks are struggling with the reduced value of their homes. The good news is that median prices have risen over last year's values.
Banning/Beaumont................2012/170,000......2011/155,000........2005/327,500
Bloomington.........................2012/140,000......2011/140,000........2005/355,000
Colton..................................2012/205/255......2011/131,000........2005/310,000
Fontana................................2012/235,000......2011/199,000........2005/395,000
Grand Terrace......................2012/202,000......2011/177,000........2005/355,000
Highland...............................2012/200,000......2011/167,000........2005/377,000
Loma Linda..........................2012/202,000......2011/174/192........2005/360/410
Mentone..............................2012/79/159.........2011/170,000........2005/275,000
Moreno Valley.....................2012/170,000......2011/150,000.........2005/370,000
Redlands.............................2012/235,000.......2011/189,000.........2005/422,000
Rialto..................................2012/180,000.......2011/160,000.........2005/365,000
Riverside.............................2012/225,000......2011/190,000.........2005/407,000
San Bernardino...................2012/121,000......2011/107,000.........2005/305,000
Yucaipa/Calimesa...............2012/205,000......2011/189,900......... 2005/379,000
There you have it. What year do you think prices might be back to the 2005 numbers?
posted by shirley harry at 7:41 AM
0 Comments:
Post a Comment
<< Home