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Friday, November 1, 2024

Mountain Center home prices rise in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Mountain Center rose by $65,500 while total sales remained unchanged with 18 homes sold, according to BlockShopper.com.

From July through December of 2018, there were 18 homes sold, with a median sale price of $424,000 - a 18.3% increase over the $358,500 median sale price for the same period of the previous year. There were 18 homes sold in Mountain Center in the second half of 2017, as well.

The median sales tax in Mountain Center for the most recent year with available data, 2016, was $2,915, approximately 0.7% of the median home sale price for the second half of 2018.

The following table compares Mountain Center 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)
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%
Canyon Lake1371351.5%$425,000$415,0002.4%
Mountain Center 18180%$424,000$358,50018.3%
Murrieta1,0261,180-13.1%$420,000$410,0002.4%
La Quinta642689-6.8%$411,000$384,0007%
Wildomar178211-15.6%$410,000$389,0005.4%
Riverside1,7921,928-7.1%$405,000$375,0008%
Nuevo 2438-36.8%$390,500$336,00016.2%

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