LOCAL HOME VALUES GO UP, EXCEPT IN TWENTYNINE PALMS

LOCAL HOME VALUES GO UP, EXCEPT IN TWENTYNINE PALMS

Recently released figures show most of the Morongo Basin is recovering steadily from the real estate mortgage bubble burst that caused a deep recession nationally, except for Twentynine Palms. According to Data Quick of San Diego, over the past 12 months, Yucca Valley saw a 52 percent increase in the median resale prices of 40 homes sold, with the average cost of $130,000, averaging $90 per square foot. In contrast, Twentynine Palms saw a 5.4 percent drop in home prices with 25 sold, at an average median price of a home now at $88,000, or $80 per square foot. Joshua Tree also saw a healthy increase of 26.6 percent in home values; 24 were sold at an average of $98,000, or $88 per square foot. Morongo Valley saw an increase of 13.6 percent, with seven homes sold for an average of $142,000 each, or $100 per square foot. Landers, with five home sales last year, saw an increase of 9.6 percent in home values, an average of $63,000 each at $63 per square foot. Pioneertown did not have enough sales, with only one home sold in the past year, to get a statistical comparison. That home sold for $260,000 at $127 per square foot. The square foot figures do not include attached garages. Countywide, home values increased 20.5 percent, with 2,105 homes sold at an average price of $235,000, or $154 per square foot.

2 comments to LOCAL HOME VALUES GO UP, EXCEPT IN TWENTYNINE PALMS

  • Sam

    Why do I think that this is connected to the Base? Why do I think that home values in 29 now reflect military poverty and violence? Who would want to live here but those who are hardened to a military mentality? What jobs are there for our daughters here but to give tattoos and “massages” to Marines? That is why 29 values are still in the commode. Thank you USMC. Destroying liberty one homeowner at a time.

  • Cliff

    After living in PS, YV, JT, & now 29 Palms over the past 30 years, I believe the real estate market is lagging in 29 Palms
    because it’s the furthest east you can go and for some reason seems “far away”…..which is exactly what makes this place so special….29 Palms has a unique climate unlike any of these other cities….drive around, you’ll see more palms, Bougainvilla, and plants in general….this place is awesome for not only growing your favorite palms & plants, but the cost of living is cheaper and the real estate has only one way to go. And that’s up…..are you listening Mr Grocery Man? ( another grocery store would be nice)….

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