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Sunday, September 22, 2024

Mountain Center home prices rise in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in Mountain Center rose by $236,000 while total sales decreased by 22.2%, according to BlockShopper.com.

From October through December of 2018, there were seven homes sold, with a median sale price of $518,000 - a 83.7% increase over the $282,000 median sale price for the same period of the previous year. There were nine homes sold in Mountain Center in the fourth quarter of 2017.

The median sales tax in Mountain Center for the most recent year with available data, 2016, was $2,915, approximately 0.6% of the median home sale price for the fourth quarter of 2018.

The following table compares Mountain Center 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)
Indian Wells5468-20.6%$707,000$649,5008.9%
Yucaipa 21100%$695,000$820,000-15.2%
Norco6873-6.8%$577,091$570,0001.2%
Mountain Center 79-22.2%$518,000$282,00083.7%
Corona576676-14.8%$499,500$491,0001.7%
Rancho Mirage159177-10.2%$489,000$500,000-2.2%
Mira Loma 403225%$479,000$442,5008.2%
Temecula404470-14%$450,000$450,0000%
Canyon Lake605313.2%$440,000$440,0000%
Palm Springs343400-14.3%$440,000$360,00022.2%
Winchester 113130-13.1%$437,000$414,0005.6%

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