We often get asked about the housing market recovery here in the Coachella Valley. The experts at Market Watch, llc recently released a very informative chart showing individual city price histories in the Coachella Valley for single family detached homes since the bubble. As of October 2015, both the largest 12 month gains in median prices and largest gains from the 2011 low median prices have been in Cathedral City, Coachella, Desert Hot Springs and Indio. Looking at October 2015 median prices and calculating how much these prices are below 2006 high median prices shows the best recovery in the Coachella Valley in Palm Springs (with the Oct. 2015 median price in Palm Springs 13.5% below the 2006 high median price in Palm Springs) and the worst recovery in La Quinta (with the Oct. 2015 median price in La Quinta 45.8% below the 2006 high median price in La Quinta). Oct. 2015 median prices in Coachella, Desert Hot Springs, Indian Wells, Palm Desert and Rancho Mirage also all remain more than 30% below their 2006 high median prices.
For a city by city analysis, please look at the chart below, courtesy of Market Watch, llc: