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Sunday, November 29, 2015

most affordable housing markets in Southern California

Midwest want to pay the price for the house West Coast?

Although skyrocketing housing prices in Southern California, some people still offer cheap home-basement - even by national standards.

10 Postal most affordable all the rest in the Inland Empire, where the average house prices in some communities remained under $ 100,000, including Barstow and Twentynine Palms.

But the houses become harder and harder to find, because the investor has scooped many houses either flipping or renting. In June, the number of homes sold in the Southland under $ 200,000 fell 43.2% from a year earlier, while the number of homes priced below $ 300,000 dropped 35%, according to research firm DataQuick.


Investor activity has helped drive a dramatic increase in the price recently by adding another level of demand over traditional home buyers. Although investors have slowed their purchases of late, they remain a dominant force in the market.

Buyer attendance - mostly investors - purchased 28.7% of all homes sold in Southern California last month, DataQuick said.

The average selling price in June for Riverside and San Bernardino County was $ 269,250 and $ 204,000 respectively, the research firm said.

ZIP 10 most affordable - assessed by a median sales price of second quarter - including three in the city of San Bernardino.

Here are the 10 most expensive ZIP codes that are considered to have enough sales to assess the average selling price:

Least expensive ZIP codes

ZIP codeCommunityApr-June median 92311 BARSTOW $60,000 92252 JOSHUA TREE $71,000 92225 BLYTHE $74,000 92277 TWENTYNINE PALMS $78,500 92386 SUGARLOAF $100,000 92284 YUCCA VALLEY $100,000 92411 SAN BERNARDINO $105,000 92410 SAN BERNARDINO $105,000 92543 HEMET $110,000 92405 SAN BERNARDINO $115,000 Source: DataQuick 

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