Friday, July 18, 2008

SFR Median sales price by Zip Code

Here is the Median Sales price data for Single family resale homes by Zip Code. Check out the zip codes where the median has fallen below $200k. One Hemet zip is $130K and there are a few other really low ones too but they are even farther out.

RIVERSIDE COUNTY SFR Price % chg



Countywide 2,842 $263 -33.4%



Aguanga 92536 1 $220 -40.5%



Anza 92539 1 $200 -1.5%



Banning 92220 34 $194 -28.4%



Beaumont 92223 45 $247 -19.4%



Blythe 92225 5 $167 -6.7%



Blythe 92226 n/a n/a n/a



Cabazon 92230 5 $150 -36.4%



Calimesa 92320 4 $270 -27.2%



Canyon Lake 92587 20 $285 -49.1%



Cathedral City 92234 49 $217 -36.4%



Coachella 92236 29 $200 -26.1%





















Corona 92879 44 $320 -24.3%



Corona 92880 102 $378 -34.7%



Corona 92881 46 $390 -25.0%



Corona 92882 84 $360 -28.7%



Corona 92883 77 $348 -33.6%



Desert Center 92239 n/a n/a n/a



Dsrt Hot Springs 92240 37 $128 -53.4%



Dsrt Hot Springs 92241 2 $199 -7.4%



Hemet 92543 31 $130 -44.7%



Hemet 92544 57 $175 -44.4%



Hemet 92545 57 $190 -36.8%



Homeland 92548 n/a n/a n/a



Idyllwild 92549 5 $338 8.8%



Indian Wells 92210 14 $870 -22.7%



Indio 92201 65 $205 -39.3%



Indio 92203 50 $260 -32.5%



La Quinta 92253 81 $415 -25.6%



Lake Elsinore 92530 64 $220 -36.2%



Lake Elsinore 92532 43 $271 -37.0%



Mecca 92254 n/a n/a n/a



Menifee 92584 86 $242 -34.5%



Mira Loma 91752 25 $365 -25.4%



Moreno Valley 92551 54 $195 -44.4%



Moreno Valley 92552 n/a n/a n/a



Moreno Valley 92553 95 $165 -51.4%



Moreno Valley 92555 76 $258 -36.3%



Moreno Valley 92557 63 $219 -39.2%



Mountain Center 92561 1 $660 -3.9%



Murrieta 92562 130 $294 -38.8%



Murrieta 92563 141 $289 -31.8%



Norco 92860 22 $463 -14.3%



N Palm Springs 92258 n/a n/a n/a



Nuevo 92567 10 $239 n/a



Palm Desert 92211 42 $354 -5.7%



Palm Desert 92260 24 $445 -7.0%



Palm Springs 92262 38 $329 -35.5%



Palm Springs 92264 23 $580 -11.8%



Perris 92570 31 $255 -46.9%



Perris 92571 96 $205 -39.4%



Rancho Mirage 92270 34 $683 -0.7%



Riverside 92501 7 $121 -67.7%



Riverside 92503 82 $273 -34.6%



Riverside 92504 44 $197 -47.5%



Riverside 92505 41 $249 -40.1%



Riverside 92506 40 $300 -36.6%



Riverside 92507 35 $234 -32.2%



Riverside 92508 54 $360 -28.0%



Riverside 92509 54 $265 -32.1%



San Jacinto 92582 35 $214 -40.9%



San Jacinto 92583 49 $182 -36.0%



Sun City 92585 30 $230 -29.9%



Sun City 92586 22 $165 -25.8%



Temecula 92590 n/a n/a n/a



Temecula 92591 61 $314 -27.8%



Temecula 92592 139 $319 -28.8%



Thermal 92274 n/a n/a n/a



Thousand Palms 92276 7 $223 -12.7%



White Water 92282 3 $128 -52.8%



Wildomar 92595 35 $280 -32.9%



Winchester 92596 55 $279 -28.5%



3 comments:

Oldtimer said...

Some of those prices are starting to look a lot more reasonable. They may over-shoot to unreasonably low from here, but once the current overhang is worked through, I wouldn't be surprised to see similar prices two or three years from now.

bigdog76 said...

I am looking in the 92880 zip code of Eastvale. Is the consensous here that when the percent drop of -34% over last year at the same time gets to even 0 or -2% that is the bottom is that how I read that?

So based on that as we get closer to say December we will start to see theses number edge closer to even par numbers?

Golfer X please chime in on this one. I noticed more houses sold but the bigger number to pay attention to is the -% over the previous year?? More house sold but prices are still dropping?

Basically we started to see close to $105-$110 sq foot prices in Eastvale this January and Febuary "08" so as we edge closer to December this year we will be bridging the gap together?

Realty Rider said...

Learning to know what precedes property price increases can be challenging for any investor. There are some well-recognized factors that drive the market. I have discussed few of them below:
1. Demand & Supply- Population change is the key driver of demand. When an area becomes popular more people want to live there. Given there are fewer dwellings than interested parties, prices increase and vice-versa. The other driver is availability of land.
2. Affordability and availability of money-Affordability is the relationship between housing prices, interest rates and wages. It's the cost to the owner or investor to retain and enjoy a property. When prices, interest rates and wages reach a ceiling in a particular area, residents often realise they can have a better lifestyle elsewhere.
3. Infrastructure-Infrastructure is always a major driver for price growth when it increases the attractiveness and amenities of an area. The benefits of infrastructure are generally recognized after the changes.
4. The resources boom-The demand for skilled and unskilled workers is increasing day by day.And with an increase in their salary scale, these workers seek to improve their lifestyle by buying bigger and better homes, or maybe an investment property or two.
Put a number of these drivers together and you have an extremely good understanding of what's going to drive price growth. Having identified these areas, careful homework may reveal good cash-flow returns as well.For more view- realtydigest.blogspot.com