With the Los Angeles County Fair around the corner, it is appropriate to look at the counties in Southern California and what the real estate market has been in 2019 so far.
Real estate is an ever changing landscape with statistics and averages going up and down each month. The typical home buyer and home owner cares about the fluctuations, but in the ways that it affects them directly.
If you are considering purchasing a home this year — whether it is your first home, a vacation home, or investment property — then you are looking at the median sales prices, because it affects the offers that you are submitting on properties for sale.
Search the newest properties for sale online here or find out what your home is worth!
Southern California County Median Sales Prices
Looking at this year through Friday August 23, 2019, Year to Date Median Sale Prices for the following counties (single family residences only) are the following:
Los Angeles County was $662,000
Orange County was $819,000
Riverside County was $400,000
San Bernardino County was $585,000.
The difference between the median home value in Riverside compared to Orange County was $419,000. Essentially, you could buy 2 homes in Riverside County for the price of 1 home in Orange County.
If you are an investor or first time home buyer, then that statistic should matter to you:
2 homes in RIVERSIDE COUNTY = 1 in ORANGE COUNTY
When you examine median home values between counties you see differences and then within counties you see large variation in home values. These differences mean that there is a market for everyone. Home prices in Covina are different from Pasadena. Home prices in Anaheim are different than Newport Beach. Home prices in Rialto are different than prices in Upland.
You need a local REALTOR who knows the nuances of the neighborhood or the best things about the city. KALEO Real Estate Company specializes in providing a customized and unique experience for home buyers and sellers depending on their needs, goals, and timelines. Our local expertise means that our properties are marketed to hyper-local audiences and spend less time sitting on the market before selling.
Advocating for Homeownership with First Time Home Buyers
Here at KALEO Real Estate Company we advocate for home owners and property rights. In discussions of housing affordability and inventory levels, one thing we discuss is first time home buyers wanting to enter the market. Purchasing real estate makes huge impacts on a person’s wealth, future, opportunities, and legacy. First time home buyers might be surprised by the loan programs available to them and that certain areas do have properties for sale in their price range.
Los Angeles County Fair
One of Southern California’s iconic end-of-summer events in the Los Angeles County Far. From August 30 through September 22, the LA County Fair is back! The 2019 theme is “LA County Fair Goes POP!”. Check out their website here: https://lacountyfair.com
There are 2 resident discount days this year for the Inland Empire and Los Angeles:
https://lacountyfair.com/visit/resident-discount-days
Enjoy carnival rides, unique foodie booths, the farm and petting zoo, and walk through the exhibitions of the LA County Fair!
Source:
CRMLS, Single Family Residence, County 08-23-19
LA County Fair Website
