From July through December of 2018, there were 29 homes sold, with a median sale price of $290,500 - a 6.1% decrease over the $309,500 median sale price for the same period of the previous year. There were 46 homes sold in Cherry Valley in the second half of 2017.
The median sales tax in Cherry Valley for the most recent year with available data, 2016, was $2,537, approximately 0.9% of the median home sale price for the second half of 2018.
The following table compares Cherry Valley to other Riverside County cities with similar median sales prices in the second half of 2018:
| City | July - Dec. 2018 Home Sales | July - Dec. 2017 Home Sales | % change (Total Home Sales) | July - Dec. 2018 Median Sales Price | July - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Indio | 604 | 647 | -6.6% | $323,250 | $287,000 | 12.6% |
| Perris | 481 | 481 | 0% | $323,000 | $295,000 | 9.5% |
| Cathedral City | 334 | 396 | -15.7% | $307,000 | $285,000 | 7.7% |
| Idyllwild-Pine Cove | 86 | 118 | -27.1% | $306,000 | $295,500 | 3.6% |
| Lakeland Village | 38 | 46 | -17.4% | $304,272.50 | $255,250 | 19.2% |
| Cherry Valley | 29 | 46 | -37% | $290,500 | $309,500 | -6.1% |
| San Jacinto | 389 | 400 | -2.8% | $290,000 | $259,000 | 12% |
| Hemet | 899 | 1,064 | -15.5% | $268,000 | $252,500 | 6.1% |
| Coachella | 94 | 99 | -5.1% | $250,000 | $243,500 | 2.7% |
| Thousand Palms | 21 | 29 | -27.6% | $247,000 | $225,000 | 9.8% |
| Banning | 188 | 202 | -6.9% | $240,000 | $230,000 | 4.3% |
Alerts Sign-up