The California Desert Association Of Realtors® (CDAR) has just released their February 2016 Coachella Valley Real Estate Market Statistics.  As a brief summary:

Single Family Residences - Attached and Detached

For February 2016, the median sales price for Single Family Attached and Detached residences in the Coachella Valley was $325,000, down from $335,000 in February 2015. For February 2016, there were 400 sales of single family residences (attached and detached) in the Coachella Valley, down slightly from 402 sales in February 2015.

For February 2016, the active inventory of Single Family Attached and Detached Homes had swollen to 4,614, versus 3,296 in February 2015.  At the February 2016 sales rate for Single Family Attached and Detached Homes of 400 homes, this represents an inventory of 11.5 months (where any inventory level above 6 months typically indicates a buyer's market). 

The highest median sales price by city in the Coachella Valley for Single Family Attached and Detached Residences in February 2016 was $877,500, based on 14 sales, in Indian Wells (versus a February 2015 Coachella Valley high median sales price of $917,500, based on 14 sales, in Indian Wells).

Condominiums - Attached and Detached

For Condos Attached and Detached, the February 2016 median sales price in the Coachella Valley was $245,000, up slightly from $242,000 in February 2015. For February 2016, there were 161 sales of condominiums, down from 187 in February 2015.

For February 2016, the active inventory of Condos Attached and Detached was 2,151, versus 1,385 in February 2015.  At the February 2016 sales rate for Condos Attached and Detached of 161 condos, this represents an inventory of 13.4 months (where any inventory level above 6 months typically indicates a buyer's market). 

The highest median sales price by city in the Coachella Valley for Condos Attached and Detached in February 2016 was $462,500, based on 2 sales, in Indian Wells (versus a February 2015 Coachella Valley high median sales price of $350,000, based on 23 sales, in La Quinta).

For a city-by-city summary of February 2016 home and condo sales activity, please see the chart below: