The California Desert Association Of Realtors® (CDAR) recently released their July 2015 Coachella Valley Real Estate Market Statistics. As a brief summary:
Single Family Residences - Attached and Detached
For July 2015, the median price for single family attached and detached residences in the Coachella Valley was $328,000, up from $320,000 in July 2014. For July 2015, there were 502 sales of single family residences (attached and detached), versus 524 in July 2014. The inventory of existing single family residences increased to 2,405 (roughly a 4.8 month supply at the July 2015 sales level), from 2,024 in July 2014.
Condominiums - Attached and Detached
For condominiums, the July 2015 median price in the Coachella Valley was $219,000, down from $249,000 in July 2014. For July 2015, there were 191 sales of condominiums, down from 237 sales in July 2014. The inventory of existing condominiums increased to 1,167 (roughly a 6.1 month supply at the July 2015 sales level), from 1,006 in July 2014.
Bank Owned (REO) and Short Sales
Bank owned (REO) and Short Sale properties accounted for 3% of single family residence sales in July 2015, versus 6% in July 2014. Bank owned (REO) and Short Sale properties accounted for 3% of condominium sales in July 2015, versus 5% in July 2014.
For a city by city summary of July 2015 sales activity, please see the chart below:
