Here are the numbers from DataQuick for sales by city.
City, .......Sales......2008 median....2007 Median...% chg
| Riverside County | 3,471 | $275,000 | $405,000 | -32.10% |
| BANNING | 38 | $198,750 | $262,000 | -24.14% |
| BEAUMONT | 73 | $272,500 | $380,000 | -28.29% |
| BLYTHE | 7 | $215,000 | $190,136 | 13.08% |
| CABAZON | 5 | $150,000 | $252,000 | -40.48% |
| CALIMESA | 4 | $269,500 | $370,000 | -27.16% |
| CATHEDRAL CITY | 51 | $217,000 | $330,000 | -34.24% |
| COACHELLA | 38 | $212,000 | $325,000 | -34.77% |
| CORONA | 431 | $369,705 | $550,000 | -32.78% |
| DESERT HOT SPRINGS | 61 | $157,500 | $273,500 | -42.41% |
| HEMET | 161 | $177,000 | $288,750 | -38.70% |
| HOMELAND | 2 | $167,750 | $435,000 | -61.44% |
| IDYLLWILD | 4 | $338,000 | $310,750 | 8.77% |
| INDIAN WELLS | 34 | $739,250 | $860,000 | -14.04% |
| INDIO | 167 | $256,000 | $365,000 | -29.86% |
| LA QUINTA | 113 | $466,000 | $556,250 | -16.22% |
| LAKE ELSINORE | 119 | $245,000 | $385,000 | -36.36% |
| MENIFEE | 109 | $268,000 | $392,000 | -31.63% |
| MIRA LOMA | 25 | $360,000 | $439,000 | -18.00% |
| MORENO VALLEY | 322 | $212,090 | $379,500 | -44.11% |
| MURRIETA | 296 | $289,000 | $440,000 | -34.32% |
| NORCO | 20 | $476,000 | $540,000 | -11.85% |
| NUEVO | 9 | $238,500 | $547,000 | -56.40% |
| PALM DESERT | 126 | $354,000 | $402,250 | -12.00% |
| PALM SPRINGS | 102 | $300,000 | $371,250 | -19.19% |
| PERRIS | 134 | $215,000 | $370,000 | -41.89% |
| RANCHO MIRAGE | 67 | $520,000 | $569,000 | -8.61% |
| RIVERSIDE | 383 | $272,000 | $413,750 | -34.26% |
| SAN JACINTO | 99 | $205,000 | $334,000 | -38.62% |
| SUN CITY | 88 | $252,500 | $328,250 | -23.08% |
| TEMECULA | 239 | $319,000 | $450,000 | -29.11% |
| THOUSAND PALMS | 7 | $222,500 | $290,000 | -23.28% |
| WHITE WATER | 3 | $127,500 | $270,000 | -52.78% |
| WILDOMAR | 45 | $294,000 | $440,000 | -33.18% |
| WINCHESTER | 84 | $305,000 | $423,250 | -27.94% |
| San Bernardino County | 2,043 | $239,500 | $365,000 | -34.38% |
| ADELANTO | 75 | $165,000 | $300,000 | -45.00% |
| ANGELUS OAKS | 3 | $200,000 | n/a | n/a |
| APPLE VALLEY | 109 | $190,000 | $295,000 | -35.59% |
| BARSTOW | 25 | $121,500 | $185,000 | -34.32% |
| BIG BEAR CITY | 31 | $204,000 | $300,000 | -32.00% |
| BIG BEAR LAKE | 26 | $292,500 | $410,000 | -28.66% |
| BLOOMINGTON | 13 | $200,000 | $360,000 | -44.44% |
| CEDARPINES PARK | 5 | $76,000 | $175,000 | -56.57% |
| CHINO | 78 | $360,409 | $500,000 | -27.92% |
| CHINO HILLS | 64 | $446,500 | $630,000 | -29.13% |
| COLTON | 34 | $200,500 | $345,000 | -41.88% |
| CREST PARK | 3 | $196,000 | $375,500 | -47.80% |
| CRESTLINE | 24 | $180,000 | $234,500 | -23.24% |
| FAWNSKIN | 2 | $417,500 | $664,500 | -37.17% |
| FONTANA | 252 | $289,000 | $435,000 | -33.56% |
| GRAND TERRACE | 11 | $305,000 | $367,500 | -17.01% |
| GREEN VALLEY LAKE | 3 | $165,000 | $345,750 | -52.28% |
| HELENDALE | 10 | $175,000 | $274,750 | -36.31% |
| HESPERIA | 129 | $200,000 | $328,750 | -39.16% |
| HIGHLAND | 38 | $240,000 | $360,000 | -33.33% |
| JOSHUA TREE | 6 | $170,000 | $163,750 | 3.82% |
| LAKE ARROWHEAD | 41 | $349,000 | $515,000 | -32.23% |
| LANDERS | 8 | $56,750 | $102,500 | -44.63% |
| LOMA LINDA | 12 | $266,000 | $414,000 | -35.75% |
| MENTONE | 4 | $267,500 | $321,500 | -16.80% |
| MONTCLAIR | 21 | $300,000 | $409,000 | -26.65% |
| MORONGO VALLEY | 3 | $113,000 | $189,000 | -40.21% |
| NEEDLES | 3 | $183,000 | $86,000 | 112.79% |
| ONTARIO | 96 | $290,000 | $411,000 | -29.44% |
| PHELAN | 10 | $216,500 | $338,750 | -36.09% |
| PINON HILLS | 5 | $273,000 | n/a | n/a |
| RANCHO CUCAMONGA | 163 | $385,000 | $523,500 | -26.46% |
| REDLANDS | 45 | $297,500 | $429,000 | -30.65% |
| RIALTO | 76 | $225,000 | $354,500 | -36.53% |
| RUNNING SPRINGS | 13 | $224,500 | $255,000 | -11.96% |
| SAN BERNARDINO | 170 | $168,500 | $287,000 | -41.29% |
| SUGARLOAF | 11 | $100,000 | $196,000 | -48.98% |
| TWENTYNINE PALMS | 22 | $137,000 | $135,000 | 1.48% |
| TWIN PEAKS | 6 | $192,500 | $265,000 | -27.36% |
| UPLAND | 55 | $375,000 | $555,000 | -32.43% |
| VICTORVILLE | 245 | $180,000 | $317,000 | -43.22% |
| WRIGHTWOOD | 4 | $245,000 | $332,500 | -26.32% |
| YUCAIPA | 51 | $292,500 | $350,500 | -16.55% |
| YUCCA VALLEY | 32 | $147,500 | $201,000 | -26.62% |
5 comments:
Price has fallen off quite a bit in Rancho Cucamonga. And volume is up, too. However, I am always confused by sales volume stats because you cannot distinguish between foreclosures and arms length transactions.
Norco has cooled off, but Norco Hills prices have come down a lot in the past year.
My lease it up at the end of August and I am not seeing a lot of incentive from the developers whose communities I've vistited. I am always greeted with the (starting to border on comedic) "it's a great time to buy", but a 25-30% reduction off of peak prices still leaves the price at $550k. With jumbo rates and special assessments, monthly payments are pretty expensive at that price fo a first time buyer.
Will probably renew the lease for another year and start looking in Rancho, Norco Hills and the nice areas of Corona (Retreat and northern hills near Cleveland National Forest) next spring.
Rancho will probably have the edge because of the schools (have a 6 year old and 4 year old), but if anyone has info on the schools in the other areas I am interested in, I would love to hear it.
Ummm...the column names are mixed up. Scared me for a sec there.
Joseph, just reverse 2007 & 2008. Pretty simple.
oops, my bad. Column headings all fixed now.
funny thing on the column names, this morning I read it and was thinking that prices went up for a sec?
glad to see that wasnt the case
as for schools in the corona area, having done some quick research of all the schools in the corona norco unified, it doesnt look all that great. I think there was one intermediate school that score in the mid 800's with the API, other than that, they were all pretty subpar. I'd say put your kids in the area with the better schools so that they are not ridiculed for wanting to study and do well in school
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