The California Desert Association Of Realtors (CDAR) recently released their June 2015 Coachella Valley Real Estate Market Statistics.

In summary, for June 2015, the median price for existing single residences in the Coachella Valley was $330,000, up from $312,250 in June 2014. For June 2015, there were 597 sales of single family residences versus 560 in June 2014. The inventory of existing single family residences increased to 2,986 (roughly a 5 month supply at the June 2015 sales level) from 2,359 in June 2014.

For condominiums, the June 2015 median price in the Coachella Valley was $227,000, down from $249,000 in June 2014. For June 2015, there were 237 sales of condominiums, the same number as in June 2014. The inventory of existing condominiums increased to 1,257 (roughly a 5.3 month supply at the June 2015 sales level) from 1,157 in June 2014.

Bank owned (REO) and Short Sale properties accounted for 3% of existing single family residence sales in June 2015, versus 6% in June 2014. Bank owned (REO) and Short Sale properties accounted for 3% of condominium sales in June 2015, versus 5% in June 2014.

For a city by city summary of June 2015 sales activity, please see the chart below.

CDAR June 2015 Coachella Valley Real Estate Market Statistics