Barstow home values fell significantly in the collapse. While the home value averages were already modest, they dropped even further.
The former high sat at over $180,000, taking a sharp plunge down to a meager $80,000 at the height of the real estate collapse. Current estimated value averages typically sit around $120,000, a far cry from where they were previously.
Growth is happening, but it’s very slow. Small percentages over longer periods of time mean that it could take decades for home values to reach their previous highs, and many homeowners will find that it’s not worth holding their breaths.
Barstow’s market is barely stable. Buyers have a significant advantage, because there aren’t very many of them. This leads 17% of Barstow homeowners to sell at a price cut, which is especially painful when the values of their properties have already sunk so low.