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SW Riverside News

Sunday, November 17, 2024

Lakeland Village home prices rise in July 2020

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The median sale price of a home sold in July 2020 in Lakeland Village rose by $23,500 while total sales decreased by 62.5%, according to BlockShopper.com.

In July 2020, there were three homes sold, with a median sale price of $307,000 - a 8.3% increase over the $283,500 median sale price for the same period of the previous year. There were eight homes sold in Lakeland Village in July 2019.

The median sales tax in Lakeland Village for the most recent year with available data, 2016, was $1,467, approximately 0.5% of the median home sale price for July 2020.

The following table compares Lakeland Village to other Riverside County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Perris4476-42.1%$355,000$339,5004.6%
Calimesa39-66.7%$340,000$405,500-16.2%
Indio78117-33.3%$339,500$318,5006.6%
Cherry Valley 7616.7%$325,000$272,50019.3%
Idyllwild-Pine Cove 249166.7%$325,000$275,00018.2%
Lakeland Village38-62.5%$307,000$283,5008.3%
San Jacinto3381-59.3%$300,000$298,0000.7%
Hemet112177-36.7%$294,000$285,0003.2%
Coachella1014-28.6%$290,000$257,50012.6%
Banning2636-27.8%$270,500$285,000-5.1%
Desert Hot Springs3750-26%$250,000$239,0004.6%

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