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Tuesday, November 5, 2024

Bermuda Dunes median home prices rose by 149.4% in December 2019

Realestate077

The median sale price of a home sold in December 2019 in Bermuda Dunes rose by $305,500 while total sales increased by 50%, according to BlockShopper.com.

In December 2019, there were 12 homes sold, with a median sale price of $510,000 - a 149.4% increase over the $204,500 median sale price for the same period of the previous year. There were eight homes sold in Bermuda Dunes in December 2018.

The median sales tax in Bermuda Dunes for 2019 was $3,634. In 2018, the median sales tax was $3,497. This marks an increase of 3.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.7%.

The following table compares Bermuda Dunes to other Riverside County cities with similar median sale prices in December 2019:

CityDec. 2019 Home SalesDec. 2018 Home Sales% change (Total Home Sales)Dec. 2019 Median Sales PriceDec. 2018 Median Sales Price% change (Median Sales Price)
Rancho Mirage645028%$665,000$475,00040%
Indian Wells2224-8.3%$645,000$575,00012.2%
Colton 20-$576,250$0-
Corona21017122.8%$525,000$490,0007.1%
Norco252119%$515,500$573,000-10%
Bermuda Dunes 12850%$510,000$204,500149.4%
Mira Loma 14955.6%$493,500$555,000-11.1%
La Quinta1239135.2%$486,000$390,00024.6%
Temecula13911125.2%$480,000$445,0007.9%
Nuevo 6450%$471,000$351,75033.9%
Murrieta17213428.4%$435,000$404,0007.7%

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