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.
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