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Thursday, November 7, 2024

Colton home prices fall in the first quarter of 2019

Realestate3

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Adobe Stock

The median sale price of a home sold in the first quarter of 2019 in Colton fell by $162,000 while total sales increased by 33.3%, according to BlockShopper.com.

From January through March of 2019, there were four homes sold, with a median sale price of $280,000 - a 36.7% decrease over the $442,000 median sale price for the same period of the previous year. There were three homes sold in Colton in the first quarter of 2018.

The median sales tax in Colton for the most recent year with available data, 2016, was $3,840, approximately 1.4% of the median home sale price for the first quarter of 2019.

The following table compares Colton 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)
Perris188196-4.1%$320,000$302,5005.8%
Cathedral City150183-18%$316,500$292,0008.4%
Idyllwild-Pine Cove 2840-30%$310,000$295,2505%
Indio237306-22.5%$310,000$295,0005.1%
San Jacinto1581533.3%$287,750$265,0008.6%
Colton 4333.3%$280,000$442,000-36.7%
Sun City 23-33.3%$270,000$390,000-30.8%
Lakeland Village1921-9.5%$270,000$270,0000%
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%

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