The winds of change are beginning to blow in the local market, so let's take a look at the changes in the June 2022 market data and the trends from the first six months of 2022.
Twentynine Palms continues to lead the major cities of the Morongo Basin in price growth and growth in sales, with a 30% increase in median price and 16% increase in SFR sales. Joshua Tree, meanwhile, keeps a strong showing in median price growth a 27% increase in 2022, but a 7% decline in SFR sales. Yucca Valley lands in third place with a 24% increase in median price over the last six months, but an 11% decline in SFR sales. All Morongo Basin cities have seen an increase in listing activity in the first half of 2022, with Joshua Tree showing a 123% growth in listings taken, Twentynine Palms at 100.4% and Yucca Valley with a 55% increase in listings. All three cities maintain a low days on market currently, with the median days on market sitting at 11 days for Joshua Tree and Yucca Valley, and 12 for Twentynine Palms.
In June 2022, Joshua Tree had 93 active listings, and increase of 138.5% from June 2021, a median price of $490,000, and 23 closed SFR sales, which represents a 23% decline from June 2021 sales. Twentynine Palms had 112 active listings, an increase of 80.6% from June 2021, and with a median price of $335,000, had a strong 50 SFR closed sales, which was only a 13.8% decrease from closings in June 2021. Yucca Valley had 113 active listings in June 2022, which was a 91.5% increase from the amount of active listings there in June 2021. The median price there was $465,000 and there were 36 SFR closed sales, which was a 43.8% decline from the same time frame last year.
For detailed, shareable graphics showing all of this information, including increase graphs and comparisons, please see below.
YTD Market Reports by City:
June 2022 Market Data by City:
June 2022 Buyer's Guides by City:
And for a detailed report on the full numbers for San Bernardino County, the PDF for that report is linked below.