Скачать или смотреть October 2021 Coachella Valley Residential Real Estate Market Update

Some highlights from the Oct. 2021 Desert Housing Report from our local real estate market experts, Market Watch LLC, through the sponsorship and cooperation of both the Greater Palm Springs Realtors® and the California Desert Association of Realtors®:

• The Oct. median price of a detached home in the Coachella Valley was $600,000 (up 13.7% from $527,500 in Oct. 2020).
• The Oct. median price of an attached home in the Coachella Valley was $370,000 (up 19.4% from $310,000 in Oct. 2020).
• For detached homes, the price of the average size home increased in Oct. year-over-year by more than 26% in every Coachella Valley city. For attached homes, the price of the average size attached home increased in Oct. year-over-year by more than 21% in every Coachella Valley city.
• Total home sales over the last three months averaged 806 homes per month (less than the average 1,120 homes per month sold in Oct. 2020 but still roughly 10% above the average pre-pandemic Oct. total home sales of 730 homes per month).
• The only Coachella Valley cities with higher Oct. homes sales year-over-year were Coachella & Desert Hot Springs. Home sales declined year-over-year by 52.2% in Indian Wells, 41.4% in Rancho Mirage, 27.4% Palm Desert & 27% in Palm Springs
• In Oct., sales of homes priced in the $300,000 to $400,000 price range decreased by 43.3% year-over-year, sales of homes priced in the $200,000 to $300,000 price range decreased by 58.6% year-over-year & sales of homes priced under $200,000 decreased by 57.4% year-over-year.
• On Nov. 1st, the total home sale inventory in the Coachella Valley was 915 homes (compared to 883 homes on Oct. 1st & down 54.6% from 2,014 homes for sale on Nov. 1st, 2020).
• The months of sales ratio throughout the Coachella Valley on Nov. 1st was 9/10ths of a month (one tenth of a month higher than last month but still far below the 2.4 months on Nov. 1st , 2020).
• La Quinta, Palm Desert and Coachella had months of sales ratios of 0.7 months & 8 of the 11 Coachella Valley cities surveyed had months of sale ratios of 1 month or under.
• At the end of Oct., the median value of days in the market throughout the Coachella Valley was at a record low 24 days (compared to 49 days one year ago).
• In Bermuda Dunes, the average detached home in Oct. was selling at a premium of 2.0% over list, followed by Indio with an average premium of 1.8% over list. In the attached home market, the average attached home in Indio in Oct. was selling with an average premium of 3.0% over list, followed by Palm Springs with an average premium of 2.3% over list.

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