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Saturday, November 2, 2024

Cabazon home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Cabazon rose by $62,000 while total sales increased by 125%, according to BlockShopper.com.

From July through September of 2020, there were nine homes sold, with a median sale price of $230,000 - a 36.9% increase over the $168,000 median sale price for the same period of the previous year. There were four homes sold in Cabazon in the third quarter of 2019.

The median sales tax in Cabazon for the most recent year with available data, 2016, was $1,213, approximately 0.5% of the median home sale price for the third quarter of 2020.

The following table compares Cabazon to other Riverside County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Lakeland Village161145.5%$305,000$277,00010.1%
Hemet38227439.4%$305,000$275,50010.7%
Coachella302425%$282,500$272,5003.7%
Banning756221%$267,000$275,500-3.1%
Thousand Palms146133.3%$264,500$275,500-4%
Desert Hot Springs1388856.8%$250,000$232,5007.5%
White Water 40-$242,500$0-
Cabazon 94125%$230,000$168,00036.9%
Sun City 110%$217,500$234,000-7.1%
Mecca 3250%$140,000$175,000-20%
Blythe422755.6%$139,000$148,000-6.1%

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