Region’s home sales, prices climb
Despite overall home sales being down in December 2005 from a year earlier in Southern California (30k vs. 28k or minus 4.5%), numbers provided by DataQuick Information Systems show Riverside and San Bernardino counties continue to buck local trends with sales increases of 16.5% (6,305) and 5.7% (4,580) respectively.
Along with the sales increase has been a steady rise in median prices as well, now pegged at $411k (Riverside) and $361k (San Bernardino). Overall, Southern California’s median home price stands at $479k, up from $424k in December 2004 (a 13% increase).
Karen Nelson, a real estate agent in Temecula and chairwoman of the board of the Southwest Riverside County Association of Realtors, said she has not seen a decrease in San Diegans moving to the Temecula area who want to buy larger houses.
“Folks that have grown up in San Diego can’t get the kind of house they want down there, so they’re coming up here,” she said.
Riverside Press-Enterprise – January 19, 2006
Related
- Riverside Press-Enterprise – Inland home prices draw closer to coast (January 19)
- DataQuick Information Systems
Sources: Riverside Press-Enterprise (PE-20060119)
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