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.
PRICESMEDIAN SALES PRICE
3.61%▼YEAR OVER Q3 AVERAGE
$374,000
PACEABSORPTION RATE - CLOSED SALES
10.04%▲YEAR OVER Q3 AVERAGE
17.53%
SALESCLOSED SALES
2.36%▲YEAR OVER Q3 TOTAL
1,948
INVENTORYBASED ON CLOSED SALES
9.42%▼YEAR OVER Q3 AVERAGE
5.8
MARKETING TIMEDAYS ON MARKET (AVERAGE)
7.93%▼YEAR OVER YEAR Q3 AVERAGE
120 days
NEGOTIABILITYLISTING DISCOUNT (ORIGINAL LP)
0.36%▲YEAR OVER Q3 AVERAGE
92.3%
Find a Bennion Deville Homes O� ce
SNAPSHOTSINGLE FAMILY HOMESCONDO & TOWNHOMES
COACHELLA VALLEY
Q3 2015 MARKET REPORT COACHELLA VALLEY
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
SINGLE FAMILY SALES Q3 2015 Q2 2015 Q3 201420 28 21485,100 421,000 401,900
28.6▼ 4.8▼
15.2▲ 20.7▲
26.4▼ 34.0▼
3.0▲ 0.2▲
5.7▲ 20.3▲
25.0▲ 26.7▲
6.1▼ 26.5▲
95 129 14495.5% 92.7% 95.3%186.6 176.6 155.19.5 7.6 7.562 66 49
%CHG Q %CHG YR
UnitsSold 38 24 13 17 20 14 19 17 21 25 19 45 37 37 38 19 29 24 21 18 20AverageSoldPrice 696,000 527,000 547,000 608,000 487,000 509,000 363,000 288,000 343,000 305,000 395,000 270,000 251,000 282,000 346,000 333,000 360,000 424,000 401,000 362,000 484,000
2005
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10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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
CONDO/TOWNHOME SALES Q3 2015 Q2 2015 Q3 201414 16 4126,900 131,900 158,300
-12.5▼ 250.0▲
-3.8▼ 19.8▼
-34.7▼ 64.6▼
0.8▲ 1.4▼
9.1▼ 2.5▼
20.8▼ 80.0▼
28.0▼ 41.9▼
79 121 22396.1% 95.3% 97.5%112.8 124.1 115.73.8 4.8 1918 25 31
%CHG Q %CHG YR
UnitsSold 12 4 2 5 6 3 4 7 11 13 22 29 29 15 14 15 8 13 4 8 14AverageSoldPrice 375,000 434,000 217,000 318,000 248,000 182,000 156,000 161,000 110,000 129,000 72,000 99,000 63,000 92,000 113,000 111,000 184,000 188,000 158,000 121,000 127,000
2005
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UnitsSold
10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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.”
See Active Listings
CONDOMINIUM / TOWNHOME
BERMUDA DUNES 92203
MLS#: 215031676
MLS#: 215024950
Q3 2015 MARKET REPORT COACHELLA VALLEY
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
SINGLE FAMILY SALES Q3 2015 Q2 2015 Q3 2014117 180 143286,600 281,000 248,600
35.0▼ 18.2▼
2.0▲ 15.3▲
7.8▼ 9.6▼
1.0▼ 0.3▼
0.4▲ 10.5▲
53.8▲ 2.6▲
24.3▲ 10.1▼
94 102 10497.4% 98.4% 97.7%158.5 157.8 143.44 2.6 3.9169 136 188
%CHG Q %CHG YR
UnitsSold 303 209 153 143 84 104 220 257 278 254 247 196 248 235 202 178 148 102 143 147 117AverageSoldPrice 387,000 412,000 384,000 367,000 359,000 349,000 240,000 183,000 176,000 178,000 191,000 194,000 152,000 161,000 176,000 205,000 223,000 244,000 248,000 262,000 286,000
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UnitsSold
10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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
CONDO/TOWNHOME SALES Q3 2015 Q2 2015 Q3 201428 41 33157,900 150,000 137,600
31.7▼ 15.2▼
5.3▲ 14.8▲
20.8▲ 13.4▲
0.4▼ 0.6▲
1.9▼ 5.7▲
47.1▲ 18.5▲
14.3▲ 19.6▲
186 154 16495.3% 95.7% 94.7%116.8 119.1 110.512.8 8.7 10.8128 112 107
%CHG Q %CHG YR
UnitsSold 98 56 35 30 31 47 41 19 54 44 31 52 34 65 38 38 46 38 33 37 28AverageSoldPrice 223,000 250,000 234,000 264,000 207,000 192,000 177,000 135,000 122,000 125,000 127,000 124,000 103,000 114,000 104,000 128,000 127,000 143,000 137,000 127,000 157,000
2005
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120
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UnitsSold
10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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.”
See Active Listings
CONDOMINIUM / TOWNHOME
CATHEDRAL CITY 92234, 92235
MLS#: 15900743PS
MLS#: 15911193PS
Q3 2015 MARKET REPORT COACHELLA VALLEY
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
SINGLE FAMILY SALES Q3 2015 Q2 2015 Q3 2014163 122 124166,200 157,100 146,400
33.6▲ 31.5▲
5.8▲ 13.5▲
13.0▲ 8.7▲
0.7▲ 0.2▲
5.8▲ 14.0▲
35.8▼ 35.8▼
0.5▼ 19.3▼
113 100 10497.3 96.6% 97.1%105.2 99.4 92.33.4 5.3 5.3197 198 244
%CHG Q %CHG YR
UnitsSold 385 284 279 148 121 108 319 409 380 332 284 269 256 229 184 176 143 129 124 109 163AverageSoldPrice 295,000 289,000 280,000 278,000 254,000 191,000 139,000 88,000 98,000 99,000 101,000 95,000 85,000 93,000 97,000 119,000 144,000 138,000 146,000 144,000 166,000
2005
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UnitsSold
10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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.”
See Active Listings
SINGLE FAMILY HOMES
UnitsSold 12 6 3 2 1 1 1 5 8 8 12 11 4 2 10 5 3 3 8 4 7AverageSoldPrice 115,000 130,000 114,000 108,000 240,000 176,000 31,000 30,000 24,000 33,000 27,000 35,000 32,000 40,000 27,000 27,000 64,000 32,000 52,000 35,000 45,000
2005
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UnitsSold
10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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
CONDO/TOWNHOME SALES Q3 2015 Q2 2015 Q3 20147 4 845,600 48,000 52,100
75.0▲ 12.5▼
5.0▼ 12.5▼
113.7▲ 18.5▲
3.5▼ 6.1▼
18.2▲ 11.1▲
44.0▼ 9.8▲
23.1▼ 33.3▼
109 51 9291.7% 95.0% 97.7%65 55.0 58.55.6 10 5.110 13 15
%CHG Q %CHG YR
MLS#: 15886903PS
MLS#: TR15042250
Q3 2015 MARKET REPORT COACHELLA VALLEY
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
SINGLE FAMILY SALES Q3 2015 Q2 2015 Q3 201435 60 371,098,900 945,300 1,007,800
41.7▼ 5.4▼
16.2▲ 9.0▲
31.2▲ 19.9▼
1.0▼ 1.1▲
3.4▲ 0.9▲
6.9▲ 10.2▲
22.0▼ 8.0▲
181 138 22693.1% 94.0% 92.1%316.1 305.8 313.410.8 10.1 9.8135 173 125
%CHG Q %CHG YR
UnitsSold 51 48 19 42 28 17 21 20 31 38 30 57 35 77 35 76 34 56 37 45 35AverageSoldPrice 855,000 1,198,000 1,334,000 1,334,000 1,530,000 1,175,000 1,366,000 927,000 829,000 821,000 857,000 906,000 754,000 973,000 950,000 1,186,000 958,000 1,190,000 1,007,000 1,104,000 1,098,000
2005
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1,200,000
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AverageSoldPrice
UnitsSold
10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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
CONDO/TOWNHOME SALES Q3 2015 Q2 2015 Q3 201412 23 17347,200 468,000 324,200
47.8▼ 29.4▼
25.8▼ 7.1▲
782.9▲ 60.9▲
1.9▼ .020▼
24.8▼ 2.2▼
43.2▲ 70.3▲
14.8▼ 26.8▲
214 117 13394.7% 96.5% 94.9%166.6 221.6 170.312.6 8.8 7.452 61 41
%CHG Q %CHG YR
UnitsSold 16 13 8 18 13 15 5 7 12 16 13 21 4 18 11 10 21 22 17 11 12AverageSoldPrice 443,000 434,000 439,000 532,000 551,000 600,000 383,000 370,000 421,000 338,000 393,000 444,000 261,000 397,000 286,000 301,000 375,000 504,000 324,000 360,000 347,000
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10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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.”
See Active Listings
CONDOMINIUM / TOWNHOME
INDIAN WELLS 92210
MLS#: 215031662
MLS#: 215014634
Q3 2015 MARKET REPORT COACHELLA VALLEY
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
SINGLE FAMILY SALES Q3 2015 Q2 2015 Q3 2014274 320 237299,800 296,900 290,700
14.4▼ 15.6▲
1.0▲ 3.1▲
2.6▼ 0.00.1▲ 0.5▲
4.4▼ 2.5▼
2.4▲ 32.3▼
4.4▲ 24.6▼
114 117 11498.0% 97.9% 97.5%141.5 148.0 145.14.2 4.1 6.2405 388 537
%CHG Q %CHG YR
UnitsSold 324 209 234 159 104 174 372 406 441 450 367 432 385 413 337 341 279 266 237 276 274AverageSoldPrice 390,000 394,000 392,000 393,000 428,000 342,000 233,000 189,000 182,000 209,000 202,000 199,000 174,000 197,000 194,000 224,000 264,000 279,000 290,000 298,000 299,000
2005
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10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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
CONDO/TOWNHOME SALES Q3 2015 Q2 2015 Q3 201414 15 6131,200 148,100 98,500
6.7▼ 133.3▲
11.4▼ 33.2▲
3.1▼ 59.3▲
4.1▲ 1.7▼
5.9▼ 18.2▲
11.5▲ 0.00.0 92.0▲
94 97 5994.8% 91.1% 96.4%129.9 138.0 109.910.7 9.6 10.748 48 25
%CHG Q %CHG YR
UnitsSold 32 15 15 13 5 7 17 19 17 27 20 22 22 24 26 31 21 21 6 18 14AverageSoldPrice 204,000 219,000 230,000 219,000 208,000 194,000 98,000 80,000 67,000 67,000 73,000 94,000 70,000 70,000 77,000 109,000 114,000 127,000 98,000 202,000 131,000
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10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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.”
See Active Listings
CONDOMINIUM / TOWNHOME
INDIO 92201, 92202, 92203
MLS#: 215023354
MLS#: 215005580
Q3 2015 MARKET REPORT COACHELLA VALLEY
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
SINGLE FAMILY SALES Q3 2015 Q2 2015 Q3 2014242 323 244480,900 617,000 496,600
25.1▼ 0.8▼
22.1▼ 3.2▼
4.6▼ 4.6▼
1.7▲ 1.6▲
14.4▼ 0.6▲
2.9▼ 2.9▼
15.4▼ 0.7▼
124 130 13096.0% 94.4% 94.5%218.4 255.2 217.06.8 7.0 7.0564 667 568
%CHG Q %CHG YR
UnitsSold 362 276 187 252 190 219 261 220 276 272 269 294 336 340 277 320 268 313 244 251 242AverageSoldPrice 650,000 929,000 698,000 906,000 657,000 786,000 499,000 459,000 442,000 545,000 499,000 474,000 376,000 480,000 448,000 499,000 543,000 670,000 496,000 766,000 480,000
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UnitsSold
10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
TOTAL NUMBEROF SALES
AVERAGE SALES PRICE
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
CONDO/TOWNHOME SALES Q3 2015 Q2 2015 Q3 201444 58 37304,400 325,800 412,800
24.1▼ 18.9▲
6.6▼ 26.3▼
30.2▲ 4.1▼
0.0 0.3▲
0.2▼ 12.7▼
4.4▲ 0.012.8▼ 17.2▲
164 126 17194.9% 94.9% 94.6%195.8 196.1 224.39.5 9.1 9.5143 164 122
%CHG Q %CHG YR
UnitsSold 60 56 27 35 14 29 32 31 57 69 34 65 32 57 52 85 47 72 37 54 44AverageSoldPrice 488,000 574,000 394,000 537,000 372,000 431,000 395,000 324,000 290,000 298,000 282,000 301,000 311,000 291,000 280,000 304,000 324,000 360,000 412,000 334,000 304,000
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10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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.”
See Active Listings
CONDOMINIUM / TOWNHOME
LA QUINTA 92253
MLS#: 215029298
MLS#: 215015798
Q3 2015 MARKET REPORT COACHELLA VALLEY
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
SINGLE FAMILY SALES Q3 2015 Q2 2015 Q3 2014237 304 214444,000 504,200 421,500
22.0▼ 10.7▲
11.9▼ 5.3▲
6.3▲ 8.9▲
0.7▲ 0.6▼
12.6▼ 4.2▲
3.8▼ 17.7▼
15.5▼ 14.4▼
135 127 12495.4% 94.7% 96.0%206.3 236.1 198.05.1 5.3 6.2398 471 465
%CHG Q %CHG YR
UnitsSold 305 230 173 194 141 171 178 142 206 216 205 244 241 272 238 301 229 231 214 237 237AverageSoldPrice 588,000 766,000 568,000 642,000 657,000 718,000 541,000 413,000 412,000 456,000 347,000 409,000 339,000 421,000 318,000 459,000 438,000 508,000 421,000 477,000 443,000
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10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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.”
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SINGLE FAMILY HOMES
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
CONDO/TOWNHOME SALES Q3 2015 Q2 2015 Q3 2014141 240 151279,000 281,600 279,100
41.3▼ 6.6▼
0.9▼ 0.03.6▲ 9.4▼
0.0 0.4▼
2.2▼ 4.1▲
31.3▲ 2.3▼
8.4▼ 6.10▼
144 139 15995.3% 95.3% 95.7%178.9 182.9 171.98.4 6.4 8.6417 455 444
%CHG Q %CHG YR
UnitsSold 217 179 116 151 116 150 118 62 136 175 151 194 151 207 169 216 179 202 151 194 141AverageSoldPrice 406,000 441,000 386,000 416,000 388,000 378,000 326,000 332,000 215,000 247,000 199,000 236,000 209,000 224,000 220,000 240,000 252,000 286,000 279,000 291,000 279,000
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10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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.”
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CONDOMINIUM / TOWNHOME
PALM DESERT 92211, 92260
MLS#: 215004286
MLS#: 215021814
Q3 2015 MARKET REPORT COACHELLA VALLEY
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
SINGLE FAMILY SALES Q3 2015 Q2 2015 Q3 2014197 315 213626,800 653,100 641,600
37.5▼ 7.5▼
4.0▼ 2.3▼
3.9▼ 22.8▼
0.2▼ 0.1▲
2.0▲ 4.4▲
27.0▲ 0.011.0▼ 5.4▼
98 102 12797.0% 97.2% 96.9%296.7 290.9 284.14.7 3.7 4.7317 356 335
%CHG Q %CHG YR
UnitsSold 363 259 258 275 228 174 260 208 338 324 312 324 306 329 407 271 235 212 213 206 197AverageSoldPrice 669,000 674,000 722,000 686,000 680,000 662,000 532,000 431,000 411,000 417,000 421,000 460,000 430,000 438,000 460,000 460,000 511,000 616,000 641,000 579,000 626,000
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10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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.”
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SINGLE FAMILY HOMES
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
CONDO/TOWNHOME SALES Q3 2015 Q2 2015 Q3 2014247 319 219227,900 246,200 228,100
22.6▼ 12.8▲
7.4▼ 0.1▼
3.2▲ 22.6▼
0.6▼ 0.4▼
1.5▼ 4.9▲
6.1▲ 20.5▼
17.8▼ 14.2▼
96 93 12495.9% 96.5% 96.3%184.6 187.5 176.03.5 3.3 4.4278 338 324
%CHG Q %CHG YR
UnitsSold 527 314 314 272 294 226 248 162 285 290 241 321 286 344 320 263 237 206 219 222 248AverageSoldPrice 294,000 325,000 336,000 319,000 320,000 247,000 242,000 209,000 188,000 189,000 157,000 175,000 163,000 166,000 174,000 187,000 197,000 221,000 227,000 235,000 226,000
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10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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.”
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CONDOMINIUM / TOWNHOME
PALM SPRINGS 92258, 92262, 92263, 92264
MLS#: 15928077PS
MLS#: 15951017PS
Q3 2015 MARKET REPORT COACHELLA VALLEY
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
SINGLE FAMILY SALES Q3 2015 Q2 2015 Q3 201478 132 109676,900 856,400 740,400
40.9▼ 28.4▼
21.0▼ 8.6▼
5.6▲ 9.0▼
1.4▲ 2.4▲
10.2▼ 3.0▼
24.4▲ 37.8▲
20.0▼ 1.1▼
151 143 16695.2% 93.9% 93.0%238.5 265.7 245.810.2 8.2 7.4268 335 271
%CHG Q %CHG YR
UnitsSold 158 123 110 115 105 104 99 72 110 129 112 126 126 126 119 135 112 100 109 94 78AverageSoldPrice 848,000 1,079,000 1,020,000 1,045,000 1,037,000 934,000 642,000 793,000 715,000 691,000 649,000 677,000 656,000 637,000 605,000 578,000 753,000 801,000 740,000 756,000 676,000
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10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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.”
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SINGLE FAMILY HOMES
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
CONDO/TOWNHOME SALES Q3 2015 Q2 2015 Q3 201457 95 70297,000 281,000 305,500
40▼ 18.6▼
5.7▲ 2.8▼
8.8▼ 3.6▼
0.3▲ 0.2▼
1.3▲ 4.1▲
18.8▲ 12.3▲
17.7▼ 5.8▼
135 148 14095.0% 94.7% 95.2%162.9 160.8 156.58.2 6.9 7.3163 198 173
%CHG Q %CHG YR
UnitsSold 96 76 40 64 46 61 39 32 35 64 63 63 58 63 75 74 79 86 70 74 57AverageSoldPrice 476,000 462,000 483,000 434,000 418,000 470,000 358,000 303,000 290,000 288,000 274,000 302,000 246,000 234,000 266,000 294,000 267,000 322,000 305,000 318,000 296,000
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20152014201320122011201020092005 2006 2007 2008
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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.”
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CONDOMINIUM / TOWNHOME
RANCHO MIRAGE 92270
MLS#: 14798605PS
MLS#: 215032390
Q3 2015 MARKET REPORT COACHELLA VALLEY
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
SINGLE FAMILY SALES Q3 2015 Q2 2015 Q3 201411 10 11177,300 206,200 240,500
10.0▲ 014.0▼ 26.3▼
7.5▼ 34.4▼
1.2▲ 3.3▲
17.6▼ 16.3▼
20.6▲ 10.9▼
50.0▲ 6.3▼
86 93 13199.8% 98.6% 96.6%111.2 134.9 132.84.1 3.4 4.615 10 16
%CHG Q %CHG YR
UnitsSold 30 29 20 12 3 16 14 38 32 24 25 25 21 29 26 15 16 9 11 5 11AverageSoldPrice 296,000 328,000 315,000 327,000 184,000 230,000 172,000 130,000 124,000 110,000 114,000 159,000 121,000 115,000 110,000 176,000 155,000 140,000 240,000 292,000 177,000
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10 YEAR HISTORY
20152014201320122011201020092005 2006 2007 2008
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
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.”
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SINGLE FAMILY HOMES
THOUSAND PALMS 92276
MLS#: 215011128