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Thursday, November 7, 2024

Cabazon home prices rise in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Cabazon rose by $55,000 while total sales increased by 50%, according to BlockShopper.com.

From January through March of 2019, there were six homes sold, with a median sale price of $192,500 - a 40% increase over the $137,500 median sale price for the same period of the previous year. There were four homes sold in Cabazon in the first quarter of 2018.

The median sales tax in Cabazon for the most recent year with available data, 2016, was $1,213, approximately 0.6% of the median home sale price for the first quarter of 2019.

The following table compares Cabazon to other Riverside County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Cherry Valley 1116-31.3%$262,000$296,500-11.6%
Thousand Palms1020-50%$257,500$217,50018.4%
Hemet393408-3.7%$255,000$255,0000%
Coachella5258-10.3%$254,000$238,5006.5%
Banning7984-6%$248,000$225,00010.2%
White Water 770%$245,000$200,00022.5%
Desert Hot Springs163180-9.4%$210,000$205,0002.4%
Cabazon 6450%$192,500$137,50040%
Anza 125140%$186,000$210,000-11.4%
Mecca 23-33.3%$174,000$90,00093.3%
Blythe2940-27.5%$155,000$131,25018.1%

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