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Tuesday, November 5, 2024

How did home prices perform in Cabazon during the second half of 2020?

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The median sale price of a home sold in the second half of 2020 in Cabazon rose by $82,000 while total sales increased by 200%, according to BlockShopper.com.

From July through December of 2020, there were 12 homes sold, with a median sale price of $250,000 - a 48.8% 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 second half 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 second half of 2020.

The following table compares Cabazon to other Riverside County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Lakeland Village3311200%$319,000$277,00015.2%
Hemet706274157.7%$310,250$275,50012.6%
Coachella5724137.5%$280,000$272,5002.8%
Banning13163107.9%$273,000$276,000-1.1%
Desert Hot Springs25688190.9%$261,000$232,50012.3%
White Water 70-$260,000$0-
Sun City 21100%$256,250$234,0009.5%
Thousand Palms246300%$255,000$275,500-7.4%
Cabazon 124200%$250,000$168,00048.8%
Blythe6827151.9%$154,000$148,0004.1%
Mecca 3250%$140,000$175,000-20%

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