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SW Riverside News

Friday, November 15, 2024

Lakeland Village home prices fell in August 2021

Re 9

The median sale price of a home sold in August 2021 in Lakeland Village fell by $83,500 while total sales decreased by 60%, according to BlockShopper.com.

In August 2021, there were two homes sold, with a median sale price of $299,000 - a 21.8% decrease over the $382,500 median sale price for the same period of the previous year. There were five homes sold in Lakeland Village in August 2020.

The median sales tax in Lakeland Village for the most recent year with available data, 2019, was $1,691, approximately 0.6% of the median home sale price for August 2021.

The following table compares Lakeland Village to other Riverside County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Cherry Valley 27-71.4%$414,500$484,500-14.4%
Hemet74147-49.7%$390,000$300,00030%
Lakeview 12-50%$365,000$431,000-15.3%
Coachella711-36.4%$350,000$285,00022.8%
Banning623-73.9%$330,000$270,00022.2%
Cabazon 15-80%$310,000$250,00024%
Blythe716-56.3%$301,000$154,00095.5%
Bermuda Dunes 314-78.6%$300,000$387,500-22.6%
Lakeland Village25-60%$299,000$382,500-21.8%
Desert Hot Springs3157-45.6%$275,000$250,00010%
Mecca 20-$169,000$0-

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