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Wednesday, November 6, 2024

Bermuda Dunes home prices rise in the second half of 2019

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The median sale price of a home sold in the second half of 2019 in Bermuda Dunes rose by $26,500 while total sales decreased by 69.7%, according to BlockShopper.com.

From July through December of 2019, there were 23 homes sold, with a median sale price of $395,000 - a 7.2% increase over the $368,500 median sale price for the same period of the previous year. There were 76 homes sold in Bermuda Dunes in the second half of 2018.

The median sales tax in Bermuda Dunes for the most recent year with available data, 2016, was $3,292, approximately 0.8% of the median home sale price for the second half of 2019.

The following table compares Bermuda Dunes to other Riverside County cities with similar median sales prices in the second half of 2019:

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Wildomar65178-63.5%$420,000$410,0002.4%
Mountain Center 918-50%$420,000$424,000-0.9%
Palm Springs213743-71.3%$419,000$440,000-4.8%
Riverside5421,792-69.8%$410,000$405,0001.2%
Romoland 422-81.8%$409,000$375,5008.9%
Bermuda Dunes 2376-69.7%$395,000$368,5007.2%
Lake Elsinore146413-64.6%$385,500$375,0002.8%
Calimesa1755-69.1%$380,000$362,5004.8%
Nuevo 824-66.7%$367,500$390,500-5.9%
Aguanga 1014-28.6%$365,000$342,0006.7%
Menifee 293827-64.6%$360,000$345,0004.3%

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