The Over $400,000 Market

January 10, 2013
Tracking the properties that were reported "sold" in the over $400,000 range seems to show that our market in the higher end has stabilized. Riverside and Redlands have shown some signs of life in this higher end market. Remembering that in the hey-days of 2005 and 2006 we had median prices in the $400,000 range, we still have a ways to go.
Here are the numbers as we began 2012 and as we ended 2012.
Banning/Beaumont...............December/0........January/1
Bloomington........................December/0........January/0
Colton.................................December/0........January/0
Fontana...............................December/3........January/1
Grand Terrace.....................December/0........January/0
Highland..............................December/2........January/1
Loma Linda.........................December/1........January/1
Mentone..............................December/0........January/0
Moreno Valley.....................December/0........January/0
Redlands..............................December/17..... January/5
Rialto...................................December/0........January/0
Riverside..............................December/27......January/18
San Bernardino....................December/1........January/1
Yucaipa/Calimesa................December/2........January/5
We shall continue to track these sales. I feel certain that many homeowners who purchased their homes in 2004, 2005 and 2006 are also watching to see when their values return.