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Sunday, September 22, 2024

Idyllwild-Pine Cove home prices rise in the fourth quarter of 2018

Realestate3

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Adobe Stock

The median sale price of a home sold in the fourth quarter of 2018 in Idyllwild-Pine Cove rose by $11,000 while total sales decreased by 23.2%, according to BlockShopper.com.

From October through December of 2018, there were 43 homes sold, with a median sale price of $312,500 - a 3.6% increase over the $301,500 median sale price for the same period of the previous year. There were 56 homes sold in Idyllwild-Pine Cove in the fourth quarter of 2017.

The median sales tax in Idyllwild-Pine Cove for the most recent year with available data, 2016, was $2,282, approximately 0.7% of the median home sale price for the fourth quarter of 2018.

The following table compares Idyllwild-Pine Cove to other Riverside County cities with similar median sales prices in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Beaumont133184-27.7%$340,000$315,0007.9%
Menifee 392422-7.1%$338,250$325,0004.1%
Moreno Valley459606-24.3%$329,500$312,0005.6%
Perris220228-3.5%$320,500$295,0008.6%
Indio294315-6.7%$320,000$300,0006.7%
Idyllwild-Pine Cove 4356-23.2%$312,500$301,5003.6%
Cathedral City159188-15.4%$307,000$293,7504.5%
Lakeland Village2025-20%$303,000$245,00023.7%
Aguanga 711-36.4%$300,000$355,000-15.5%
San Jacinto187188-0.5%$290,000$267,5008.4%
Cherry Valley 1418-22.2%$273,500$359,750-24%

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