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No. 5 Riverside-San Bernardino-Ontario, Calif.

No. 5 Riverside-San Bernardino-Ontario, Calif.

Change in Condo Price (2007:Q2-2008:Q2): -24.0%
Median Condo Price: $263,000

California’s Inland Empire was a hot market for new condo developments this decade, says Leslie Appleton-Young, chief economist at the California Association of Realtors. But today, as in many other parts of California, a surplus means lower prices.