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Thursday, November 7, 2024

Mountain Center 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 Mountain Center rose by $244,000 while total sales increased by 83.3%, according to BlockShopper.com.

From January through March of 2019, there were 11 homes sold, with a median sale price of $639,000 - a 61.8% increase over the $395,000 median sale price for the same period of the previous year. There were six homes sold in Mountain Center in the first quarter of 2018.

The median sales tax in Mountain Center for the most recent year with available data, 2016, was $2,915, approximately 0.5% of the median home sale price for the first quarter of 2019.

The following table compares Mountain Center 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)
Indian Wells7584-10.7%$720,000$703,5002.3%
Mountain Center 11683.3%$639,000$395,00061.8%
Norco4870-31.4%$574,500$540,0006.4%
Rancho Mirage192219-12.3%$525,000$530,000-0.9%
Corona519587-11.6%$500,000$502,000-0.4%
Mira Loma 3445-24.4%$496,250$455,0009.1%
Temecula357415-14%$450,000$453,000-0.7%
Palm Springs389406-4.2%$440,000$389,50013%
Canyon Lake584820.8%$438,500$417,0005.2%
Homeland 20-$437,500$0-
La Quinta330388-14.9%$437,500$405,0008%

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