PALM DESERT PALM SPRINGS LA QUINTA RANCHO MIRAGE INDIAN WELLS LA MESA VILLAGE INDIO LAKE ARROWHEAD LAGUNA NIGUEL GARNER VALLEY LAGUNA BEACH REDLANDS ENCINITAS COACHELLA VALLEY SAN DIEGO ORANGE COUNTY CARLSBAD CARMEL VALLEY HILLCREST/ MISSION HILLS LITTLE ITALY GLENDORA Overall the Coachella Valley is a Buyer’s market! The number of For Sale listings was up 4.9% from one year earlier and down 8% from the previous quarter. The number of Sold listings decreased 3.7% year-over-year and increased 24.7% quarter-over-quarter. The Months of Inventory based on Closed Sales is 6.3, up 8.6% from the previous year. The Average Sold Price per Square Footage was down 0.9% compared to the previous quarter and down 0.5% compared to last year. Based on the 6-month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Neutral”. The Average Days on Market showed a neutral trend, an increase of 4.9% compared to the previous year. The ratio of Sold Price vs. Original List Price is 91%, was the same compared to the previous year. Q3 2015 MARKET REPORT COACHELLA VALLEY *All reports are published July 2015, based on data available at the end of June 2015, except for the today stats. All reports presented are based on data supplied by the Desert AOR,CARETS,and Sandicor MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity.Featured properties may not be listed by the office/agent presenting this brochure. PRICES MEDIAN SALES PRICE 3.61% ▼ YEAR OVER Q3 AVERAGE $374,000 PACE ABSORPTION RATE - CLOSED SALES 10.04% ▲ YEAR OVER Q3 AVERAGE 17.53% SALES CLOSED SALES 2.36% ▲ YEAR OVER Q3 TOTAL 1,948 INVENTORY BASED ON CLOSED SALES 9.42% ▼ YEAR OVER Q3 AVERAGE 5.8 MARKETING TIME DAYS ON MARKET (AVERAGE) 7.93% ▼ YEAR OVER YEAR Q3 AVERAGE 120 days NEGOTIABILITY LISTING DISCOUNT (ORIGINAL LP) 0.36% ▲ YEAR OVER Q3 AVERAGE 92.3% Find a Bennion Deville Homes Office SNAPSHOT SINGLE FAMILY HOMES CONDO & TOWNHOMES COACHELLA VALLEY
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BDH Market Report Coachella Valley Q3 2015 · 23/12/2015 · q3 2015 market report coachella valley listing inventory months to sell inventory average price per sf average sp/average
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PALM DESERT
PALM SPRINGS
LA QUINTA
RANCHO MIRAGE
INDIAN WELLS
LA MESA VILLAGE
INDIO
LAKE ARROWHEAD
LAGUNA NIGUELGARNER VALLEYLAGUNA BEACH
REDLANDS
ENCINITAS
COACHELLA VALLEY
SAN DIEGO
ORANGECOUNTY
CARLSBAD
CARMEL VALLEY
HILLCREST/MISSION HILLS
LITTLE ITALY
GLENDORA
Overall the Coachella Valley is a Buyer’s market! The number of For Sale listings was up 4.9% from one year earlier and down 8% from the previous quarter. The number of Sold listings decreased 3.7% year-over-year and increased 24.7%quarter-over-quarter. The Months of Inventory based on Closed Sales is 6.3, up 8.6% from the previous year.
The Average Sold Price per Square Footage was down 0.9% compared to the previous quarter and down 0.5% compared to last year. Based on the 6-month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Neutral”. The Average Days on Market showed a neutral trend, an increase of 4.9% compared to the previous year. The ratio of Sold Price vs. Original List Price is 91%, was the same compared to the previous year.
Q3 2015MARKET REPORTCOACHELLA VALLEY
*All reports are published July 2015, based on data available at the end of June 2015, except for the today stats. All reports presented are based on data supplied by the Desert AOR,CARETS,and Sandicor MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not refl ect all real estate activity.Featured properties may not be listed by the o� ce/agent presenting this brochure.
Bermuda Dunes Single Family Detached Homes is a Buyer’s market! The number of for sale listings was up 21% from one year earlier and down 10.8% from the previous quarter. The number of sold listings decreased 4.8% year-over-year and decreased 28.6% quarter-over-quarter. The Months of Inventory based on Closed Sales is 9.5, up 26.8% from the previous year. The Average Sold Price increased by 15% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Appreciating.”
See Active Listings
SINGLE FAMILY HOME
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
Bermuda Dunes Condominium/Townhome is a Neutral market! The number of for sale listings was down 30.3% from one year earlier and down 31.2% from the previous quarter. The number of sold listings increased 250% year-over-year and decreased 12.5% quarter-over-quarter. The Months of Inventory based on Closed Sales is 3.8, down 80% from the previous year. The Average Sold Price also decreased by 3.8% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
Cathedral City Single Family Detached Homes is a Neutral market! The number of for sale listings was down 16.2% from one year earlier and up 1.7% from the previous quarter. The number of sold listings decreased 18.2% year-over-year and decreased 35% quarter-over-quarter. The Months of Inventory based on Closed Sales is 4, up 2.5% from the previous year. The Average Sold Price also increased by 2.1% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Appreciating.”
See Active Listings
SINGLE FAMILY HOMES
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
Cathedral City Condominium/Townhome is a Buyer’s market! The number of for sale listings was the same as one year earlier and up 0.3% from the previous quarter. The number of sold listings decreased 15.2% year-over-year and decreased 31.7% quarter-over-quarter. The Months of Inventory based on Closed Sales is 12.8, up 18.5% from the previous year. The Average Sold Price also increased by 4.7% from last quarter. Based on the 6 month trend, the Average Sold Price trend is “Appreciating.”
Desert Hot Springs Single Family Detached Homes is a Neutral market! The number of for sale listings was down 17.2% from one year earlier and down 15.3% from the previous quarter. The number of sold listings increased 31.5% year-over-year and increased 33.6% quarter-over-quarter. The Months of Inventory based on Closed Sales is 3.4, down 35.5% from the previous year. The Average Sold Price increased by 5.7% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Appreciating.”
Desert Hot Springs Condominium/Townhome is a Neutral market! The number of for sale listings was down 4.9% from one year earlier and down 2.5% from the previous quarter. The number of sold listings decreased 12.5% year-over-year and increased 75% quarter-over-quarter. The Months of Inventory based on Closed Sales is 5.6, up 9.8% from the previous year. The Average Sold Price decreased by 6.2% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
See Active Listings
CONDOMINIUM / TOWNHOME
DESERT HOT SPRINGS 92240, 92241
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
Indian Wells Single Family Detached Homes is a Buyer’s market! The number of for sale listings was up 4.7% from one year earlier and down 37.6% from the previous quarter. The number of sold listings decreased 5.4% year-over-year and decreased 41.7% quarter-over-quarter. The Months of Inventory based on Closed Sales is 10.8, up 10.2% from the previous year. The Average Sold Price also increased by 16.2% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
See Active Listings
SINGLE FAMILY HOMES
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
Indian Wells Condominium/Townhome is a Buyer’s market! The number of for sale listings was up 20.8% from one year earlier and down 25.6% from the previous quarter. The number of sold listings decreased 29.4% year-over-year and decreased 47.8% quarter-over-quarter. The Months of Inventory based on Closed Sales is 12.6, up 70.7% from the previous year. The Average Sold Price decreased by 25.7% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
Indio Single Family Detached Homes is a Neutral market! The number of for sale listings was down 21.7% from one year earlier and down 11.6% from the previous quarter. The number of sold listings increased 15.6% year-over-year and decreased 14.4% quarter-over-quarter. The Months of Inventory based on Closed Sales is 4.2, down 32.1% from the previous year. The Average Sold Price also increased by 1% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Appreciating.”
See Active Listings
SINGLE FAMILY HOMES
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
Indio Condominium/Townhome is a Buyer’s market! The number of for sale listings was up 134.4% from one year earlier and up 4.2% from the previous quarter. The number of sold listings increased 133.3% year-over-year and decreased 6.7% quarter-over-quarter. The Months of Inventory based on Closed Sales is 10.7, the same as the previous year. The Average Sold Price decreased by 11.5% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
La Quinta Single Family Detached Homes is a Buyer’s market! The number of for sale listings was down 2.5% from one year earlier and down 27.2% from the previous quarter. The number of sold listings decreased 0.8% year-over-year and decreased 25.1% quarter-over-quarter. The Months of Inventory based on Closed Sales is 6.8, down 2.9% from the previous year. The Average Sold Price also decreased by 22.1% from last quarter. Based on the 6 -month trend, the Average Sold Price trend is “Neutral.”
See Active Listings
SINGLE FAMILY HOMES
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
La Quinta Condominium/Townhome is a Buyer’s market! The number of for sale listings was up 19.3% from one year earlier and down 20.2% from the previous quarter. The number of sold listings increased 18.9% year-over-year and decreased 24.1% quarter-over-quarter. The Months of Inventory based on Closed Sales is 9.5, the same as the previous year. The Average Sold Price decreased by 6.5% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Depreciating.”
Palm Desert Single Family Detached Homes is a Neutral market! The number of for sale listings was down 9.2% from one year earlier and down 25.5% from the previous quarter. The number of sold listings increased 10.7% year-over-year and decreased 22% quarter-over-quarter. The Months of Inventory based on Closed Sales is 5.1, down 17.8% from the previous year. The Average Sold Price also decreased by 12.1% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
See Active Listings
SINGLE FAMILY HOMES
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
Palm Desert Condominium/Townhome is a Buyer’s market! The number of for sale listings was down 9.1% from one year earlier and down 22.7% from the previous quarter. The number of sold listings decreased 6.6% year-over-year and decreased 41.5% quarter-over-quarter. The Months of Inventory based on Closed Sales is 8.4, down 2.3% from the previous year. The Average Sold Price also decreased by 0.4% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Depreciating.”
Palm Springs Single Family Detached Homes is a Neutral market! The number of for sale listings was down 7.3% from one year earlier and down 19.6% from the previous quarter. The number of sold listings decreased 7.5% year-over-year and decreased 37.5% quarter-over-quarter. The Months of Inventory based on Closed Sales is 4.7, the same as the previous year. The Average Sold Price decreased by 4.1% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
See Active Listings
SINGLE FAMILY HOMES
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
Palm Springs Condominium/Townhome is a Neutral market! The number of for sale listings was down 12.1% from one year earlier and down 18.9% from the previous quarter. The number of sold listings increased 13.2% year-over-year and decreased 22.3% quarter-over-quarter. The Months of Inventory based on Closed Sales is 3.4, down 22.6% from the previous year. The Average Sold Price also decreased by 7.8% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
Rancho Mirage Single Family Detached Homes is a Buyer’s market! The number of for sale listings was down 1.6% from one year earlier and down 26.1% from the previous quarter. The number of sold listings decreased 28.4% year-over-year and decreased 40.9% quarter-over-quarter. The Months of Inventory based on Closed Sales is 10.2, up 37.6% from the previous year. The Average Sold Price decreased by 21% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
See Active Listings
SINGLE FAMILY HOMES
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
Rancho Mirage Condominium/Townhome is a Buyer’s market! The number of for sale listings was down 7.9% from one year earlier and down 28.1% from the previous quarter. The number of sold listings decreased 18.6% year-over-year and decreased 40% quarter-over-quarter. The Months of Inventory based on Closed Sales is 8.2, up 12.4% from the previous year. The Average Sold Price also increased by 5.7% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
Thousand Palms Single Family Detached Homes is a Neutral market! The number of for sale listings was down 11.8% from one year earlier and up 32.4% from the previous quarter. The number of sold listings was the same year-over-year and increased 10% quarter-over-quarter. The Months of Inventory based on Closed Sales is 4.1, down 10.8% from the previous year. The Average Sold Price also decreased by 14.1% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”