The Coachella Valley Market Report as reported by the California Desert Association of Realtors
Want to keep up to date on our Real Estate market in the Coachella Valley? Bookmark this page to check back each month for updated numbers and information.
This real estate market report will cover the Coachella Valley area including Palm Springs, La Quinta, Indio, Cathedral City, Rancho Mirage, Palm Desert, Coachella and Indian Wells. Browse current year and past years’ home prices, months of inventory and more.
Also be sure to check our blog for other Real Estate updates/news, local events, informational/educational and tips throughout the year!
Coachella Valley Home Prices – 2020
|Month||Property Type||Sale Price, Median||Property Type||Sale Price, Median|
Laura Lake Real Estate
Market Evaluations Done Right!
Home Prices by City – 2020
June 2020 – Market Report
Our Median price for detached homes continues to be strong while we are still seeing a decline in attached homes which is down 50% from a year ago in total sales. Attached homes primary market comes from outside of the region and the pandemic makes it very difficult for them to visit the Coachella Valley and is contributing to their declining sales and median price. If you own a detached home, it’s a great time to sell but if you own a condo, it’s time to hold and wait it out if you can.
On July 1st our inventory was at 2,340 units, which is 670 units or 22% less than a year ago. Just how low can we go? The lack of supply is the primary factor that is pushing our prices higher, not only in our valley, but in most other regions throughout California.
COVID-19 Real Estate Report
Homes Sales by City, June 2020
Home Sales by Price Range, June 2020
May 2020 – Market Report
Sales averaged over the last 12 months are also beginning to show the effects of the quarantine due to the severe contraction of the recent numbers.
The yearly average has gone from 796 units a month to 753, for decline of 5.4%. We can expect this declining trend in this metric to continue for at least another three months even as sales begin to pick up now that the quarantine is over. It must be remembered that the 12-month average shows the long-term trend and responds slower to changes on a shorter-term basis
Homes Sales by City, May 2020
Home Sales by Price Range, May 2020
April 2020 – Market Report
Inventory continues to be extremely low.
If inventory continues to follow the normal seasonal pattern, it should decline over the next two to three months, hitting a low sometime in September. However, it’s not clear what effect the coronavirus will have
on this pattern.
Homes Sales by City, April 2020
Home Sales by Price Range, April 2020
March 2020 – Market Report
As of April 1st, inventory was at 3,043, just over 700 units less than April 2019, which is very positive. Besides expanding sales this was the second factor that pointed to another strong year for the Coachella Valley Housing. The current crisis will undoubtedly have an effect.
March Ends Strong Despite the Coronavirus Crisis
Inventory continues to be historically very low. Our days on market and months of sale ratio were both very positive. However they do not yet reflect the effects of the coronavirus.
We will continue to monitor our numbers and report on the here for you.
Homes Sales by City, March 2020
Home Sales by Price Range, March 2020
February 2020 – Market Report
As of February 1st, inventory was as 3,202. As of March 1st, 3,019. Again, looking on year over year, March of 2019 inventory wast 3,909.
We have a downward trend from January to February for detached home prices but when looking year over year, we are up in value by 9.3% for detached home and up 1.8% for attached homes.
Overall, the over housing metrics for the Coachella Valley are the strongest we’ve seen in the last 10 years!
Homes Sales by City, February 2020
Home Sales by Price Range, February 2020
January 2020 – Market Report
As of the end of 2019, all areas with the exception of Palm Springs are still below our 2006 high values.
Inventory continues on a downward trend, as of January 2020, inventory was at 2,998, compared to January 2019 at 3,398.
Year over year, the Coachella Valley inventory has been decreasing for the past 4 years with February 2020 inventory being the lowest number in history for our area.
Due to our seasonal patterns, which shows an uptick in inventory for February, 2020 at 3,202, our inventory should be looked at as a year on year. February 2019 inventory totaled 3,811.
Homes Sales by City, January 2020
Home Sales by Price Range, January 2020
The $400,00 and under priced homes continue to be the hot ticket items. The largest in sales in the past 3 months was in the $300,000 to $400,000 bracket. This may be due to the fact that there is not much in way of available inventory of homes price below $300,000.00
Months of Supply and Days on Market – 2020
|MONTH||MONTHS OF SUPPLY||DAYS ON MARKET|
Coachella Valley Home Prices – 2019
|Property Sub-type||Sale Price, Median|
|Single Family Detached||$425,000|
|Single Family Attached||$279,000|
12 Month Change by City Median Prices – 2019
|Detached Home by City||Dec-19||Year Ago||12 Month|
|Desert Hot Springs||$230,000||$221,500||3.8%|
|City of Coachella||$258,000||$250,000||3.2%|
|Attached Home by City||Dec-19||Year Ago||12 Month |
|Desert Hot Springs||$97,500||$163,000||-40.2%|
Months of Supply and Days on Market – 2019
|MONTH||MONTHS OF SUPPLY||DAYS ON MARKET|