coachella valley q2 2016 single family homes...
TRANSCRIPT
Q2 2016MARKET REPORTCOACHELLA VALLEY
*All reports are published July 2016, based on data available at the end of June 2016, 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.
PRICESAVERAGE SALES PRICE
2.02%YEAR OVER Q2 AVERAGE
$436,000
PACEABSORPTION RATE - CLOSED SALES
5.02%YEAR OVER Q2 AVERAGE
16.73%
SALESCLOSED SALES
9.31%sYEAR OVER Q2 TOTAL
1,914 units
INVENTORYBASED ON CLOSED SALES
3.19%YEAR OVER Q2 AVERAGE
6.1 monthst
MARKETING TIMEDAYS ON MARKET (AVERAGE)
6.01%YEAR OVER YEAR Q2 AVERAGE
120 days
NEGOTIABILITYLISTING DISCOUNT (ORIGINAL LP)
0.37%
t
YEAR OVER Q2 AVERAGE91.0%
PALM DESERT
PALM SPRINGS
LA QUINTA
RANCHO MIRAGE
INDIAN WELLS
LA MESA VILLAGE
INDIO
LAKE ARROWHEAD
LAGUNA NIGUELGARNER VALLEY
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 8.6% from one year earlier and down 6.1% from the previous quarter. The number of sold listings increased 0.9% year-over-year and increased 9.31% quarter-over-quarter. The Months of Inventory based on Closed Sales is 6.1, down 3.19% from the previous year.
The Average Sold Price per Square Footage was down 2.4% compared to the previous quarter and down 14% compared to last year. Based on the 6-month trend, the Average Sold Price trend is “Neutral.” The ratio of Sold Price vs. Original List Price is 91%, an increase of .37% compared to the previous year.
For more information on a specific market and why now is the time to act, please contact one of our experienced real estate professionals for a free market analysis.
SNAPSHOTSINGLE FAMILY HOMESCONDO & TOWNHOMES
COACHELLA VALLEY
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FIND A BENNION DEVILLE HOMES OFFICE
Q2 2016 MARKET REPORT COACHELLA VALLEY
See Active Listings
See Active Listings
UnitsSold 17 17 12 6 20 10 18 26 32 24 35 24 43 44 34 23 33 21 25 20 28AverageSoldPrice 551,000 518,000 625,000 425,000 390,000 358,000 274,000 353,000 292,000 265,000 222,000 262,000 311,000 300,000 385,000 316,000 391,000 459,000 371,000 381,000 407,000
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10 YEAR HISTORY
20162015201420132012201120102006 2007 2008 2009
20162015201420132012201120102006 2007 2008 2009
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 3.0% from one year earlier and down 16% from the previous quarter. The number of sold listings increased 10.7% year-over-year and increased 106.7% quarter-over-quarter. The Months of Inventory based on Closed Sales is 6.9, down 9.2% from the previous year. The Average Sold Price increased by 18.8% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
SINGLE FAMILY HOME
UnitsSold 8 5 5 5 4 4 6 10 20 16 21 17 12 12 14 7 12 8 16 12 8AverageSoldPrice 278,000 184,000 242,000 326,000 285,000 99,000 147,000 117,000 140,000 62,000 89,000 81,000 145,000 133,000 159,000 117,000 203,000 108,000 132,000 180,000 147,000
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CONDOMINIUM / TOWNHOME
BERMUDA DUNES 92203
MLS#: 216015206
MLS#: 2160022614Courtesy: HK Lane
CONDO/TOWNHOME SALES
Bermuda Dunes Condominium/Townhome is a Buyer’s market! The number of for sale listings was up 4.0% from one year earlier and down 25.7% from the previous quarter. The number of sold listings decreased 50% year-over-year and was the same quarter-over-quarter. The Months of Inventory based on Closed Sales is 11.1, up 131.3% from the previous year. The Average Sold Price decreased by 17.4% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
SINGLE FAMILY SALESQ22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
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31 15 28419,800 353,300 421,000
106.7 10.7s
18.8 0.320.5 4.70.5 2.96.4 0.8s
57.7t 9.2t
16.0 3.0s
135 112 12995.4% 94.9% 92.7%178 167.3 176.66.9 16.3 7.668 81 66
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Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
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8 8 16147,300 178,300 131,900
0 50.017.4 1.752.2 13.26.9 4.1s
5.4 0.84.3 131.325.7 4.0
105 69 12199.2% 92.8% 95.3%125.1 132.3 124.111.1 11.6 4.826 35 25
t
Q2 2016 MARKET REPORT COACHELLA VALLEY
See Active Listings
See Active Listings
SINGLE FAMILY SALES
UnitsSold 213 114 147 125 178 256 279 275 266 178 245 204 264 184 194 132 195 108 175 91 135AverageSoldPrice 405,000 390,000 382,000 366,000 285,000 209,000 169,000 183,000 187,000 179,000 176,000 150,000 179,000 190,000 230,000 242,000 249,000 261,000 278,000 288,000 269,000
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10 YEAR HISTORY
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
Cathedral City Single Family Detached Homes is a Neutral market! The number of for sale listings was up 41.2% from one year earlier and down 15.8% from the previous quarter. The number of sold listings decreased 22.8% year-over-year and increased 15.8% quarter-over-quarter. The Months of Inventory based on Closed Sales is 4.7, up 80.8% from the previous year. The Average Sold Price decreased by 2.4% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
SINGLE FAMILY HOMES
CONDO/TOWNHOME SALES
UnitsSold 50 37 69 31 41 40 51 43 51 38 67 29 74 31 74 42 45 27 41 42 52AverageSoldPrice 244,000 250,000 228,000 204,000 185,000 159,000 129,000 124,000 126,000 115,000 118,000 94,000 116,000 110,000 122,000 141,000 147,000 147,000 150,000 141,000 151,000
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Cathedral City Condominium/Townhome is a Buyer’s market! The number of for sale listings was down 5.4% from one year earlier and down 22.1% from the previous quarter. The number of sold listings increased 26.8% year-over-year and increased 18.2% quarter-over-quarter. The Months of Inventory based on Closed Sales is 6.7, down 23% from the previous year. The Average Sold Price increased by 11.2% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
CONDOMINIUM / TOWNHOME
CATHEDRAL CITY 92234, 92235, 92236
MLS#: 216015338
MLS#: 216020278
20162015201420132012201120102006 2007 2008 2009
20162015201420132012201120102006 2007 2008 2009
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
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139 120 180270,200 276,800 281,000
15.8 22.8t
2.4 3.8t
6.3 2.00.1 1.4t
0.2 0.8t
14.5 80.8s
15.8t 41.2
104 111 10297.0% 97.1% 98.4%156.5 156.2 157.84.7 5.5 2.6192 228 136
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
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ss52 44 41151,500 136,200 150,000
18.2 26.811.2 1.010.7 18.81.4 1.74.3 0.330.9 23.022.1 5.4t
125 140 15494.1% 95.4% 95.7%118.8 113.9 119.16.7 9.7 8.7106 136 112
Q2 2016 MARKET REPORT COACHELLA VALLEY
See Active Listings
See Active Listings
SINGLE FAMILY SALES
UnitsSold 179 106 114 89 154 345 485 360 344 254 286 264 263 196 173 123 161 112 122 120 156AverageSoldPrice 280,000 304,000 253,000 219,000 150,000 104,000 86,000 97,000 101,000 94,000 98,000 94,000 98,000 112,000 125,000 129,000 154,000 154,000 157,000 162,000 186,000
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Desert Hot Springs Single Family Detached Homes is a Neutral market! The number of for sale listings was down 7.1% from one year earlier and down 19.3% from the previous quarter. The number of sold listings increased 34.4% year-over-year and increased 36.7% quarter-over-quarter. The Months of Inventory based on Closed Sales is 3.6, down 32.1% from the previous year. The Average Sold Price increased by 9% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Appreciating.”
SINGLE FAMILY HOMES
UnitsSold 11 0 6 1 4 3 2 9 9 6 7 2 8 2 9 6 3 7 4 7 9AverageSoldPrice 150,000 0 100,000 66,000 61,000 31,000 30,000 22,000 39,000 29,000 20,000 17,000 29,000 28,000 27,000 50,000 74,000 34,000 48,000 38,000 73,000
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10 YEAR HISTORY
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
Desert Hot Springs Condominium/Townhome is a Seller’s market! The number of for sale listings was down 53.8% from one year earlier and down 57.1% from the previous quarter. The number of sold listings increased 125% year-over-year and increased 28.6% quarter-over-quarter. The Months of Inventory based on Closed Sales is 2.8, down 72% from the previous year. The Average Sold Price increased by 30.9% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Appreciating.”
CONDOMINIUM / TOWNHOME
DESERT HOT SPRINGS 92240, 92241
CONDO/TOWNHOME SALES
MLS#: 16128378PS
MLS#: 216020264
20162015201420132012201120102006 2007 2008 2009
20162015201420132012201120102006 2007 2008 2009
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
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164 120 122191,800 176,000 157,100
36.7 34.4s
9.0 22.1s
4.3 4.00.8 1.23.5 16.3s
36.8 32.1t
19.3 7.1t
96 92 10097.8% 97.0% 96.6%115.6 111.7 99.43.6 5.7 5.3184 228 198
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
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s9 7 473,200 55,900 48,000
28.6 125.030.9 52.59.8 76.53.6 0.121.6 38.2s
48.1 72.057.1 53.8t
90 82 5195.1% 91.8% 95.0%76 62.5 552.8 5.4 106 14 13
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Q2 2016 MARKET REPORT COACHELLA VALLEY
See Active Listings
See Active Listings
SINGLE FAMILY SALES
UnitsSold 54 23 44 23 45 23 31 37 61 28 56 44 71 34 74 38 64 24 59 37 64AverageSoldPrice 1,401,000 1,336,000 1,274,000 1,108,000 1,357,000 1,060,000 755,000 676,000 1,044,000 816,000 704,000 1,063,000 1,052,000 1,091,000 1,034,000 777,000 1,328,000 1,279,000 941,000 864,000 929,000
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10 YEAR HISTORY
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 8.1% from one year earlier and down 33% from the previous quarter. The number of sold listings increased 8.3% year-over-year and increased 27.5% quarter-over-quarter. The Months of Inventory based on Closed Sales is 10.2, up 1% from the previous year. The Average Sold Price decreased by 0.1% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
SINGLE FAMILY HOMES
CONDO/TOWNHOME SALES
UnitsSold 18 10 16 5 14 8 26 8 14 12 30 15 25 14 32 13 27 18 23 24 22AverageSoldPrice 468,000 454,000 508,000 507,000 434,000 324,000 344,000 320,000 453,000 266,000 360,000 248,000 316,000 367,000 385,000 356,000 379,000 397,000 468,000 352,000 461,000
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Indian Wells Condominium/Townhome is a Buyer’s market! The number of for sale listings was down 9.8% from one year earlier and down 30.4% from the previous quarter. The number of sold listings decreased 4.3% year-over-year and increased 22.2% quarter-over-quarter. The Months of Inventory based on Closed Sales is 8.5, down 3.4% from the previous year. The Average Sold Price decreased by 7.2% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
CONDOMINIUM / TOWNHOME
INDIAN WELLS 92210
MLS#: 216011168
MLS#: 215031402
20162015201420132012201120102006 2007 2008 2009
20162015201420132012201120102006 2007 2008 2009
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
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ss65 51 60933,000 934,000 945,300
27.5 8.30.1 1.36.5 6.58.0 6.01.0 7.835.0 1.033.0 8.1s
129 138 13888.4% 96.1% 94.0%282.0 284.8 305.810.2 15.7 10.1187 279 173
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
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t22 18 23460,600 496,300 468,000
22.2 4.37.2 1.68.3 22.2s
3.6 6.2t
3.1 3.335.1 3.430.4 9.8t
143 156 11790.5% 93.9% 96.5%214.3 221.2 221.68.5 13.1 8.855 79 61
Q2 2016 MARKET REPORT COACHELLA VALLEY
See Active Listings
See Active Listings
UnitsSold 193 132 149 105 284 380 479 388 441 403 420 370 402 32 354 235 281 233 275 242 319AverageSoldPrice 382,000 356,000 401,000 315,000 281,000 210,000 183,000 189,000 203,000 196,000 190,000 175,000 196,000 212,000 246,000 292,000 275,000 275,000 290,000 299,000 297,000
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10 YEAR HISTORY
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Indio Single Family Detached Homes is a Neutral market! The number of for sale listings was down 6.4% from one year earlier and down 28.8% from the previous quarter. The number of sold listings increased 3.4% year-over-year and increased 13.4% quarter-over-quarter. The Months of Inventory based on Closed Sales is 3.7, down 9.8% from the previous year. The Average Sold Price increased by 1.2% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
SINGLE FAMILY HOMES
UnitsSold 13 5 12 4 4 18 18 14 35 18 18 22 26 23 28 16 15 19 15 16 28AverageSoldPrice 231 199 207 140 94 68 84 84 74 64 73 76 74 70 138 129 114 127 148 136 147
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Indio Condominium/Townhome is a Buyer’s market! The number of for sale listings was up 16.7% from one year earlier and down 20% from the previous quarter. The number of sold listings increased 86.7% year-over-year and increased 16.7% quarter-over-quarter. The Months of Inventory based on Closed Sales is 6.6, down 31.3% from the previous year. The Average Sold Price increased by 16.4% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
CONDOMINIUM / TOWNHOME
INDIO 92201, 92202, 92203
MLS#: 216020996
MLS#: 216021132
CONDO/TOWNHOME SALES
SINGLE FAMILY SALES
20162015201420132012201120102006 2007 2008 2009
20162015201420132012201120102006 2007 2008 2009
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
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s28 24 15147,000 126,300 148,100
16.7 86.716.4 0.719.8 18.6s
s0.8 2.6t1.0 6.9
25.0 31.320.0 16.7s
115 96 9793.5% 94.3% 91.1%128.5 129.8 1386.6 8.8 9.656 70 48
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Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
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s331 292 320299,100 295,600 296,900
13.4 3.41.2 0.79.8 13.7t
t0.1 0.4s1.0 1.1
30.2 9.828.8 6.4t
101 112 11797.5% 97.4% 97.9%149.6 148.1 148.03.7 5.3 4.1363 510 388
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Q2 2016 MARKET REPORT COACHELLA VALLEY
See Active Listings
See Active Listings
SINGLE FAMILY SALES
UnitsSold 304 161 223 132 297 194 269 280 346 288 378 267 382 311 416 255 306 183 318 235 334AverageSoldPrice 780,000 668,000 808,000 754,000 628,000 437,000 492,000 437,000 544,000 424,000 450,000 446,000 512,000 417,000 618,000 596,000 680,000 542,000 620,000 557,000 583,000
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La Quinta Single Family Detached Homes is a Buyer’s market! The number of for sale listings was up 6.1% from one year earlier and down 26.1% from the previous quarter. The number of sold listings increased 7.4% year-over-year and increased 46.4% quarter-over-quarter. The Months of Inventory based on Closed Sales is 7.1, up 1.4% from the previous year. The Average Sold Price decreased by 12.5% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
SINGLE FAMILY HOMES
UnitsSold 61 36 52 16 43 29 37 40 59 41 56 46 77 51 82 48 78 37 58 34 64AverageSoldPrice 518,000 437,000 512,000 479,000 369,000 352,000 329,000 299,000 306,000 241,000 320,000 250,000 317,000 291,000 327,000 352,000 386,000 349,000 326,000 349,000 328,000
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La Quinta Condominium/Townhome is a Buyer’s market! The number of for sale listings was up 17.7% from one year earlier and down 17.9% from the previous quarter. The number of sold listings increased 10.3% year-over-year and increased 4.9% quarter-over-quarter. The Months of Inventory based on Closed Sales is 10.1, up 11% from the previous year. The Average Sold Price increased by 5.4% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
CONDOMINIUM / TOWNHOME
LA QUINTA 92247, 92248, 92253
MLS#: 216004912
MLS#: 215031342
CONDO/TOWNHOME SALES
20162015201420132012201120102006 2007 2008 2009
20162015201420132012201120102006 2007 2008 2009
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
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347 237 323610,800 697,700 617,000
46.4 7.412.5 1.05.8 0.80.2 1.7s
9.9 2.841.3 1.426.1 6.1
129 137 13096.0% 96.2% 94.4%248.1 275.3 255.27.1 12.1 7708 958 667
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
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64 61 58327,900 311,100 325,800
4.9 10.35.4 0.612.4 6.30.1 0.4s
0.2t 4.5t
14.4 11.017.9 17.7s
134 153 12695.3% 95.2% 94.9%187.3 187.7 196.110.1 11.8 9.1193 235 164
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Q2 2016 MARKET REPORT COACHELLA VALLEY
See Active Listings
See Active Listings
SINGLE FAMILY SALES
UnitsSold 292 141 234 119 214 143 241 234 306 201 286 207 313 259 348 210 285 218 297 224 341AverageSoldPrice 738,000 623,000 585,000 607,000 624,000 381,000 411,000 333,000 424,000 415,000 404,000 380,000 398,000 410,000 444,000 448,000 487,000 420,000 505,000 395,000 473,000
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10 YEAR HISTORY
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
Palm Desert Single Family Detached Homes is a Neutral market! The number of for sale listings was down 4.7% from one year earlier and down 32.8% from the previous quarter. The number of sold listings increased 13.8% year-over-year and increased 47.2% quarter-over-quarter. The Months of Inventory based on Closed Sales is 4.7, down 11.3% from the previous year. The Average Sold Price increased by 8.9% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
SINGLE FAMILY HOMES
UnitsSold 241 118 204 102 183 66 161 144 189 143 256 146 263 191 283 158 255 151 237 155 250AverageSoldPrice 406,000 410,000 400,000 383,000 359,000 297,000 247,000 244,000 256,000 202,000 239,000 215,000 237,000 235,000 250,000 271,000 299,000 272,000 278,000 275,000 277,000
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10 YEAR HISTORY
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
Palm Desert Condominium/Townhome is a Buyer’s market! The number of for sale listings was up 8.1% from one year earlier and down 21.8% from the previous quarter. The number of sold listings increased 8.8% year-over-year and increased 39.6% quarter-over-quarter. The Months of Inventory based on Closed Sales is 6.4, the same as the previous year. The Average Sold Price decreased by 1.6% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
CONDOMINIUM / TOWNHOME
PALM DESERT 92211, 92260
MLS#: 216013388
MLS#: 216020594
CONDO/TOWNHOME SALES
20162015201420132012201120102006 2007 2008 2009
20162015201420132012201120102006 2007 2008 2009
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
ts
s
s
s s
t t
t t
t
346 235 304491,500 451,200 504,200
47.2 13.88.9 2.58.0 4.70.5 1.1s
3.7 5.046.0 11.332.8 4.7
121 112 12795.7% 95.2% 94.7%224.2 216.2 236.14.7 8.7 5.3449 668 471
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
t
s
t t
st629
t
s261 187 240278,300 282,900 281,600
39.6 8.8s
1.6 1.217.6 8.6t
0.4 0.2t
1.8 3.4t
37.3 021.8 8.1
127 108 13995.1% 94.7% 95.3%176.6 179.8 182.96.4 10.2 6.4492 455
s
s t
Q2 2016 MARKET REPORT COACHELLA VALLEY
See Active Listings
See Active Listings
UnitsSold 325 212 278 193 247 204 285 305 374 303 379 319 459 373 302 220 240 223 303 182 272AverageSoldPrice 685,000 614,000 709,000 668,000 524,000 451,000 386,000 408,000 517,000 410,000 475,000 408,000 488,000 470,000 537,000 533,000 563,000 585,000 644,000 586,000 682,000
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10 YEAR HISTORY
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
Palm Springs Single Family Detached Homes is a Neutral market! The number of for sale listings was up 17.7% from one year earlier and down 16.9% from the previous quarter. The number of sold listings decreased 10.5% year-over-year and increased 35.6% quarter-over-quarter. The Months of Inventory based on Closed Sales is 5.1, up 37.8% from the previous year. The Average Sold Price increased by 5.3% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Appreciating.”
SINGLE FAMILY HOMES
CONDO/TOWNHOME SALES
UnitsSold 417 224 343 218 298 180 313 256 408 283 388 306 468 327 313 228 268 230 318 213 332AverageSoldPrice 303,000 302,000 274,000 260,000 257,000 208,000 186,000 193,000 181,000 171,000 172,000 152,000 168,000 179,000 194,000 193,000 250,000 210,000 246,000 228,000 240,000
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10 YEAR HISTORY
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
Palm Springs Condominium/Townhome is a Neutral market! The number of for sale listings was up 7.4% from one year earlier and down 19.3% from the previous quarter. The number of sold listings increased 4.7% year-over-year and increased 45.2% quarter-over-quarter. The Months of Inventory based on Closed Sales is 3.6, up 9.1% from the previous year. The Average Sold Price decreased by 1% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
CONDOMINIUM / TOWNHOME
PALM SPRINGS 92258, 92262, 92263, 92264
MLS#: 16139088PS
MLS#: 16121850PS
SINGLE FAMILY SALES
20162015201420132012201120102006 2007 2008 2009
20162015201420132012201120102006 2007 2008 2009
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
s
s t
s
s
st
s
282 208 315684,700 650,200 653,100
35.6 10.5t
5.3 4.82.1 5.90.5 0.7t
0.7 8.4s
30.1t 37.816.9 17.7
96 94 10296.5% 97.0% 97.2%315.2 313.0 290.95.1 7.3 3.7419 504 356
s
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
t
s s
st
s
t
t
t
t
334 230 319241,800 244,300 246,200
45.2 4.71.0 1.84.2 1.10.1 0.4t
2.4 1.9s
39.0t 9.119.3 7.4
92 96 9396.1% 96.0% 96.5%191.0 195.7 187.53.6 5.9 3.3363 450 338
t
s
Q2 2016 MARKET REPORT COACHELLA VALLEY
See Active Listings
See Active Listings
SINGLE FAMILY SALES
UnitsSold 116 74 132 71 130 76 91 111 130 96 156 125 184 131 177 98 134 80 130 64 121AverageSoldPrice 1,144,000 942,000 916,000 962,000 826,000 703,000 748,000 620,000 636,000 589,000 651,000 575,000 555,000 606,000 737,000 730,000 774,000 706,000 835,000 801,000 802,000
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10 YEAR HISTORY
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
Rancho Mirage Single Family Detached Homes is a Buyer’s market! The number of for sale listings was up 8.7% from one year earlier and down 25.7% from the previous quarter. The number of sold listings decreased 3.8% year-over-year and increased 14.4% quarter-over-quarter. The Months of Inventory based on Closed Sales is 9.7, up 18.3% from the previous year. The Average Sold Price decreased by 6.4% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
SINGLE FAMILY HOMES
CONDO/TOWNHOME SALES
UnitsSold 91 55 98 54 63 33 57 51 62 43 98 46 117 54 112 54 88 56 95 54 103AverageSoldPrice 497,000 496,000 447,000 398,000 419,000 278,000 302,000 301,000 329,000 253,000 277,000 225,000 281,000 283,000 283,000 331,000 340,000 346,000 281,000 290,000 306,000
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10 YEAR HISTORY
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
Rancho Mirage Condominium/Townhome is a Buyer’s market! The number of for sale listings was down 1.5% from one year earlier and down 23.2% from the previous quarter. The number of sold listings increased 8.4% year-over-year and increased 77.6% quarter-over-quarter. The Months of Inventory based on Closed Sales is 6.5, down 5.8% from the previous year. The Average Sold Price increased by 2.3% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Appreciating.”
CONDOMINIUM / TOWNHOME
RANCHO MIRAGE 92270
MLS#: 15946023PS
MLS#: 216021898
20162015201420132012201120102006 2007 2008 2009
20162015201420132012201120102006 2007 2008 2009
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
t
ts
t
t s
t t
tt
s
t
127 111 132827,700 884,000 856,400
14.4 3.86.4 3.413.6 0.7t
1.8 2.43.6 3.224.2 18.3s
25.7 8.7
142 125 14391.6% 93.3% 93.9%257.1 266.6 265.79.7 12.8 8.2364 490 335
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
ss
tt
s
s
tt
s
103 58 95306,300 299,400 281,000
77.6 8.4s
2.3 9.0s
10.5 19.60.4t 0.66.3 5.350.4t 5.8t
23.2 1.5
119 133 14895.3% 95.7% 94.7%169.3 159.2 160.86.5 13.1 6.9195 254 198
Q2 2016 MARKET REPORT COACHELLA VALLEY
See Active Listings
SINGLE FAMILY SALES
UnitsSold 24 15 13 9 14 26 50 17 20 26 25 20 23 17 19 6 9 19 10 13 15AverageSoldPrice 296,000 325,000 267,000 223,000 219,000 150,000 113,000 108,000 118,000 141,000 128,000 88,000 118,000 151,000 192,000 132,000 206,000 179,000 206,000 209,000 213,000
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10 YEAR HISTORY
AVERAGE NUMBEROF SALES
AVERAGE SALES PRICE
Thousand Palms Single Family Detached Homes is a Seller’s market! The number of for sale listings was up 60% from one year earlier and up 6.7% from the previous quarter. The number of sold listings increased 50% year-over-year and increased 15.4% quarter-over-quarter. The Months of Inventory based on Closed Sales is 3.1, down 8.8% from the previous year. The Average Sold Price increased by 4.5% from last quarter. Based on the 6-month trend, the Average Sold Price trend is “Neutral.”
SINGLE FAMILY HOMES
THOUSAND PALMS 92276
MLS#: 216021988Courtesy: HomeSmart
20162015201420132012201120102006 2007 2008 2009
Q22016
Q12016
Q22015
Q%CHG
YR%CHG
LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD
s
t t
s
s t
t
s s
s
s
t
15 13 10212,700 203,500 206,200
15.4 50.04.5 3.228.2 15.10.4 0.89.8 11.920.5 8.86.7 60.0s
79 110 9397.8% 97.4% 98.6%150.9 137.4 134.93.1 3.9 3.416 15 10
s