Do You Live in Beaumont? I've Got Some Good News!

Beaumont: French for "Beautiful Mountain" has no shortage of stunning views. San Gorgonio Mountain Range

As I did for Yucaipa last week, I've pulled Median Home Prices in Beaumont for the past 4 years. This is not information quickly pulled from Zillow, or some other real estate app. I'm not one to take other's market analysis as the gospel truth, so I pulled the data shown below on my own.  It comes directly from CRMLS; California Regional Multiple Listing Service.  MLS records the actual, real-time data that Zillow, RedFin, Realtor.com, and the others can only hope to pull from. I don't have the luxury of "wonder." People depend on me to KNOW the facts, not to wonder what they might be.  There's no shortcut, it's just number crunching.

So here it is: The last four years of Median Home Prices in Beaumont, CA, broken down by month and year.

Raw data pulled directly from CRMLS on 01.13.2015

If you own a home in Beaumont, or you're looking to buy one in the near future, this information will either bring a smile...or bring some insight and motivation!  Over the past four years, Median home prices have increased from a low of $165,000 to a high of $272,000.  Now these are median prices, which means that there are as many houses above these price points as there are below. Keeping in mind that there are countless factors that influence a home's value, simply put...the median price of a Single Family Residence in Beaumont, CA increased by over 15% in 2014. Compare that to the national inflation rate of only 1.3% and you've got some real value being generated.

Q: "But what about the bigger picture? Not just this 2014?" 

A: The table above illustrates an average of  just above 13% annual increase in the sale price of single family homes in Beaumont over the past 4 years. 

Q: "But what's the typical growth rate throughout history?"  Or perhaps a better question is "What's an ideal growth rate?  

A: The average annual increase in the sale price of single family homes in California over the past 30 years is just under 7%. One could say that 7% is 'ideal' as we've maintained that for so long.  In Beaumont, we've doubled that.  We're showing strong growth!  

Some might say that this is too much growth to be healthy.  In my opinion, they'd be right...if we were talking about an urban/city-like environment.  I believe that less densely populated areas are better suited to support responsible growth as there is often physical and economical room for healthy growth.  Compare that to dense, urban areas that have been saturated for decades where home values are more susceptible to the laws of supply and demand which respond more immediately to changes in the economy.  Simply put...Beaumont has room to grow...and they are!  Keep it up Beaumont!

If you'd like a more comprehensive understanding of what you're unique home's value might be, drop me a quick e-mail or PM me on Facebook. I'll create and send over a personalized comprehensive market analysis on your property. My contact information is at the bottom of this post, and your contact information will never ever be used, but by me personally and directly. 

Until next time,

Andy Blasquez ~ The last Realtor you'll ever need to look for.

Cell ~ 909.539.3292

Andy.Blasquez@gmail.com
www.AndyBlasquez.Com

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