Median Prices - January 2013 and January 2012

February 12, 2013
In examining the data of closed residential real estate transactions reported through the CRMLS for January 2013 as compared to January 2012, I was pleased to find that the median prices had indeed risen. Withe the exception of Colton, the fourteen communities that I track all saw a nice upward trend in the median prices.
As always, I remind readers that the median prices I post are not derived by any academic method. They are the result of dividing the total number of sold properties by 2 and posting the price of the sale at that point.
Banning/ Beaumont............2013/170,000........2012/155,000
Bloomington......................2013/160,000........2012/132,000
Colton...............................2013/120,000........2012/122,000
Fontana.............................2013/235,000........2012/203,000
Grand Terrace...................2013/195,000........2012/155,000
Highland............................2013/185,000........2012/160,000
Loma Linda.......................2013/247,000........2012/230,000
Mentone............................2013/125/173........2012/115/130
Moreno Valley...................2013/179,000........2012/147,000
Redlands............................2013/250,000........2012/180,000
Rialto.................................2013/180,000........2012/163,000
Riverside............................2013/235,000........2012/198,000
San Bernardino..................2013/130,000........2012/115,000
Yucaipa/Calimesa..............2013/220,000........2012/189,000
It definitely seems that our housing market has turned a corner.