2 homes in ____ = 1 in ____?

Hello!!!

Last Friday I looked at the Year to Date Median Sale Prices for the following counties (single family residences only). Los Angeles County was $662,000, Orange County was $819,000, Riverside County was $400,000, and 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. 

So to answer my subject line, 2 homes in RIVERSIDE COUNTY = 1 in ORANGE COUNTY

Why do I bring up the median home values in the Southern California area? When you look 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.  

That is why you need a local REALTOR who knows the nuances of the neighborhood or the best things about the city. My local expertise helps when I am selling your property (because I know the highlights of the area) and it helps when I am helping you buy as well.  

My real estate office, KALEO Real Estate Company, advocates for home owners and property rights and 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. 

Where am I being a local this month? 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:  https://lacountyfair.com/visit/resident-discount-days Thanks for sending your friends & family my way! I really appreciate the referrals and support! 

Source:  CRMLS, Single Family Residence, County 08-23-19

LA County Fair Website