Market Updates

April 25, 2017

Interesting House Size Trends Data

Some interesting home size related stats from the California Association of Realtors® (CAR):

  • The average new home size is more than 2,700 square feet (57% larger than homes built around 40 years ago);
  • 60.6% of Americans are looking to downsize and 32% of Americans would choose a house …
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Posted in Market Updates
April 10, 2017

Coachella Valley March 2017 Housing Report

Local real estate market experts, Market Watch LLC recently reported their analysis of the Coachella Valley’s March real estate market data.  Some of the highlights are:

  • All major housing metrics indicate a strong market for detached homes, with the Coachella Valley median price for detached homes hitting a 10-year high …
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Posted in Market Updates
March 24, 2017

Market Update: Desert Home Prices Jump Nearly 10 Percent In February

The Desert Sun’s Rosalie Murphy writes that Coachella Valley home prices rose 9.5 percent year-over-year to a median price of $310,000 ($179 per square foot) in February, according to data from real estate research firm CoreLogic DataQuick. This is the highest that the Valley’s median rice and price …

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Posted in Market Updates
March 1, 2017

Coachella Valley Home Sales And Prices Up In January

The Desert Sun’s Rosalie Murphy writes that according to real estate research firm CoreLogic DataQuick, Coachella Valley home sales got a strong start in 2017, with 724 total sales recorded in January, an increase of 10 percent over total sales in January 2016. Of this figure, 460 were sales of …

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Posted in Market Updates
Feb. 8, 2017

Market Watch LLC January 2017 Coachella Valley Housing Report

Local real estate market experts, Market Watch LLC, have just released their January 2017 Coachella Valley Housing Report. Some of the highlights are:

Coachella Valley Median Detached Home and Condo Prices

 

The median price for Coachella Valley detached homes in January 2017 was $340,000. While unchanged from the …

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Posted in Market Updates
Jan. 25, 2017

New Home Construction Lagged But Desert Home Sales Still Accelerated In 2016

   

The Desert Sun’s Rosalie Murphy writes that new home sales in the Coachella Valley struggled in 2016, with a total of 561 new homes sold, down 26.5% from the 763 new homes sold in 2015, according to data from real estate research firm CoreLogic DataQuick. 

However, looking at …

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Posted in Market Updates
Jan. 22, 2017

Market Watch LLC’s 2016 Year End Coachella Valley Housing Report

Local real estate market experts, Market Watch LLC just released their 2016 year end Coachella Valley Housing Report on a city-by-city basis.  Some of their findings are as follows: 

CATHEDRAL CITY

  • Population and Households: Cathedral City is the second largest city in the Coachella Valley, with a population …
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Posted in Market Updates
Jan. 17, 2017

A Billionaire’s Paradise: Howard Hughes' South Palm Springs Home On The Market For The First Time In Over 40 Years

  

In a recent Palm Springs Life Magazine article, Lawrence Karol, writes about Howard Hughes former home in the Araby neighborhood in South Palm Springs, on Rim Road near the Bob Hope and Elrod houses. For the first time in 40 years, the property has come on the market …

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Posted in Market Updates
Jan. 11, 2017

Market Watch Greater Palm Springs/Coachella Valley Monthly Housing Report For December 2016

Local real estate market experts, Market Watch LLC, just released their Greater Palm Springs/Coachella Valley Housing Report for December 2016.  Some highlights:

 

Market Watch reports that the median price for Greater Palm Springs/Coachella Valley’s detached homes in December 2016 was $340,000, effectively unchanged from a …

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Posted in Market Updates
Jan. 10, 2017

December 2016 Greater Palm Springs/Coachella Valley Real Estate Market Stats - California Desert Association of Realtors® (CDAR)

The California Desert Association of Realtors® (CDAR) recently released their December 2016 Greater Palm Springs/Coachella Valley Real Estate Market Statistics. Here are some of the highlights:

Single Family Residences - Attached and Detached

  •         For December 2016, the median sales price for Single Family Attached and Detached …
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Posted in Market Updates