By Leslie Berkman, The Press-Enterprise, Riverside, Calif. Knight Ridder/Tribune Business News
Jan. 19--Spurred by new move-up homes hitting the market, Riverside County's median home price in December soared to a new high of $371,000 in December. That was 36.4 percent more than a year earlier and $25,000 more than in November.
Also San Bernardino County saw its median home price reach a new record $281,000, rising nearly 31 percent in a year.
John Karevoll, an analyst with DataQuick Information Systems, said a record 2,370 new homes sold in Riverside County in December, which was 14 percent more than closed escrow in December 2003.