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Sunday, September 22, 2024

Mira Loma home prices rise in the second half of 2018

Realestate1

The median sale price of a home sold in the second half of 2018 in Mira Loma rose by $37,500 while total sales increased by 5.4%, according to BlockShopper.com.

From July through December of 2018, there were 97 homes sold, with a median sale price of $495,000 - a 8.2% increase over the $457,500 median sale price for the same period of the previous year. There were 92 homes sold in Mira Loma in the second half of 2017.

The median sales tax in Mira Loma for the most recent year with available data, 2016, was $3,209, approximately 0.6% of the median home sale price for the second half of 2018.

The following table compares Mira Loma to other Riverside County cities with similar median sales prices in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Indian Wells112129-13.2%$732,500$650,00012.7%
Yucaipa 41300%$695,000$820,000-15.2%
Norco143149-4%$576,000$545,0005.7%
Rancho Mirage344369-6.8%$510,000$499,0002.2%
Corona1,2931,478-12.5%$510,000$490,0004.1%
Mira Loma 97925.4%$495,000$457,5008.2%
Colton 440%$490,000$449,0009.1%
Lakeview 47-42.9%$474,772.50$245,00093.8%
Temecula9221,076-14.3%$465,000$450,0003.3%
Palm Springs743779-4.6%$440,000$365,50020.4%
Winchester 266288-7.6%$435,000$420,0003.6%

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