From July through December of 2019, there were eight homes sold, with a median sale price of $367,500 - a 5.9% decrease over the $390,500 median sale price for the same period of the previous year. There were 24 homes sold in Nuevo in the second half of 2018.
The median sales tax in Nuevo for the most recent year with available data, 2016, was $2,599, approximately 0.7% of the median home sale price for the second half of 2019.
The following table compares Nuevo to other Riverside County cities with similar median sales prices in the second half of 2019:
| City | July - Dec. 2019 Home Sales | July - Dec. 2018 Home Sales | % change (Total Home Sales) | July - Dec. 2019 Median Sales Price | July - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Riverside | 542 | 1,792 | -69.8% | $410,000 | $405,000 | 1.2% |
| Romoland | 4 | 22 | -81.8% | $409,000 | $375,500 | 8.9% |
| Bermuda Dunes | 23 | 76 | -69.7% | $395,000 | $368,500 | 7.2% |
| Lake Elsinore | 146 | 413 | -64.6% | $385,500 | $375,000 | 2.8% |
| Calimesa | 17 | 55 | -69.1% | $380,000 | $362,500 | 4.8% |
| Nuevo | 8 | 24 | -66.7% | $367,500 | $390,500 | -5.9% |
| Aguanga | 10 | 14 | -28.6% | $365,000 | $342,000 | 6.7% |
| Menifee | 293 | 827 | -64.6% | $360,000 | $345,000 | 4.3% |
| Lakeview | 3 | 4 | -25% | $360,000 | $474,772.50 | -24.2% |
| Palm Desert | 312 | 898 | -65.3% | $355,000 | $336,750 | 5.4% |
| Beaumont | 119 | 329 | -63.8% | $342,000 | $335,000 | 2.1% |
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