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Tuesday, November 5, 2024

The fourth quarter of 2020: Home prices in Mountain Center fell

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The median sale price of a home sold in the fourth quarter of 2020 in Mountain Center fell by $50,000 while total sales increased by 214.3%, according to BlockShopper.com.

From October through December of 2020, there were 22 homes sold, with a median sale price of $475,000 - a 9.5% decrease over the $525,000 median sale price for the same period of the previous year. There were seven homes sold in Mountain Center in the fourth quarter of 2019.

The median sales tax in Mountain Center for the most recent year with available data, 2019, was $3,271, approximately 0.7% of the median home sale price for the fourth quarter of 2020.

The following table compares Mountain Center to other Riverside County cities with similar median sale prices in the fourth quarter of 2020:

CityOct. - Dec. 2020 Home SalesOct. - Dec. 2019 Home Sales% change (Total Home Sales)Oct. - Dec. 2020 Median Sales PriceOct. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Winchester 1521454.8%$500,000$408,00022.5%
Murrieta73952540.8%$500,000$435,00014.9%
Colton 24-50%$492,500$625,000-21.2%
Wildomar12810818.5%$490,000$412,50018.8%
Palm Springs54331274%$480,000$440,0009.1%
Mountain Center 227214.3%$475,000$525,000-9.5%
Riverside1,09181633.7%$470,000$425,00010.6%
Bermuda Dunes 473342.4%$460,000$390,00017.9%
Nuevo 241741.2%$457,000$385,00018.7%
Rubidoux 59549.3%$454,500$395,50014.9%
Lake Elsinore27421626.9%$443,000$373,50018.6%

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