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SW Riverside News

Monday, November 18, 2024

Lakeview home prices fall in 2019

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The median sale price of a home sold in 2019 in Lakeview fell by $56,000 while total sales decreased by 58.3%, according to BlockShopper.com.

From January through December of 2019, there were five homes sold, with a median sale price of $360,000 - a 13.5% decrease over the $416,000 median sale price for the previous year. There were 12 homes sold in Lakeview in 2018.

The median sales tax in Lakeview for the most recent year with available data, 2016, was $2,399, approximately 0.7% of the median home sale price for 2019.

The following table compares Lakeview to other Riverside County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Nuevo 3865-41.5%$385,000$370,0004.1%
Calimesa100130-23.1%$381,250$354,2507.6%
Rubidoux 115214-46.3%$377,000$365,0003.3%
Lake Elsinore555871-36.3%$369,000$370,000-0.3%
Aguanga 2327-14.8%$360,000$370,000-2.7%
Lakeview 512-58.3%$360,000$416,000-13.5%
Palm Desert1,4952,163-30.9%$349,000$335,0004.2%
Menifee 1,1411,694-32.6%$347,500$340,0002.2%
Beaumont429670-36%$338,000$326,2503.6%
Moreno Valley1,2772,139-40.3%$335,000$325,0003.1%
Perris526925-43.1%$328,500$315,0004.3%

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