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2017-06-11 06:58:31
Riverside/Coachella Valley Market Report May-17

Riverside/Coachella Valley Market Report May-17
Source: California Desert Association of REALTORS®

 

California Desert Association of REALTORS® reports median single-family home price down -1.7% in May-17 over Apr-17, sales climb to 1,565.

 

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May-17 Quick Facts:

  • The median price of existing single-family homes decreased to $663,250 down -1.7% vs Apr-17.
  • Existing single-family home sales increased 15.3% from Apr-17 for a May-17 total of 1,565 sold units.
  • Condos increased in price to $428,000 up 3.9% vs Apr-17.
  • Existing condo sales increased 14.5% in May-17 over Apr-17 for a total of 750 sold units.

 

Single Family Median Home Price
May-16 vs May-17
 
Clarus MarketMetrics®
6/10/2017

 

The Number of Sold Properties by Month
May-16 vs May-17
 
Clarus MarketMetrics®
6/10/2017

May-17 California Desert Association of REALTORS® Regional Sales and Price Activity

California Desert Association of REALTORS® Median Price Percent Change in Price from Prior Month Percent Change in Price from Prior Year Total # Units Percent Change in Sales from Prior Month Percent Change in Sales from Prior Year
  May-17 Apr-17 May-16 May-17 Apr-17 May-16
MLS Wide            
CDAR (Single Family) $663,250 -1.7% 7.8% 1,565 15.3% 8.4%
CDAR (Condo) $428,000 3.9% -3.8% 750 14.5% 17.0%
             
CDAR Region Cities            
Single Family Only            
29 Palms $97,925 -51.3% 45.1% 2 0.0% -66.7%
Beaumont $295,000 -9.0%   4 33.3%  
Bermuda Dunes $325,000 -27.8% -11.4% 11 120.0% 10.0%
Blythe $139,900 -13.1% -17.7% 9 50.0% 200.0%
Cathedral City $293,500 1.7% 17.4% 50 8.7% 22.0%
Coachella $210,950 -3.9% -10.2% 10 -28.6% -50.0%
Desert Hot Springs $208,500 4.8% 2.5% 40 21.2% 0.0%
Idyllwild $200,000 -44.0% -27.1% 1 -80.0% -75.0%
Indian Wells $708,000 -11.5% -1.7% 33 22.2% 17.9%
Indio $280,500 -6.5% 3.9% 102 36.0% -1.9%
Joshua Tree $147,000 -10.9% 129.7% 1 0.0% 0.0%
La Quinta $470,000 -8.7% 1.6% 109 -6.8% 9.0%
Morongo Valley       0 -100.0% -100.0%
Mountain Center $600,000 9.1% 93.5% 3 200.0% 0.0%
Palm Desert $375,000 -7.4% -4.5% 117 17.0% 13.6%
Palm Springs $587,500 1.3% 15.6% 102 8.5% 34.2%
Rancho Mirage $585,000 -10.7% -4.9% 51 -3.8% 64.5%
Salton City $160,000 26.0% 68.4% 2 -33.3% -77.8%
Salton Sea       0 -100.0% -100.0%
Thousand Palms $230,000 -32.4% 8.5% 7 250.0% 40.0%
Yucca Valley $179,000 4.4% 14.0% 15 66.7% 66.7%

Single Family = Single Family Residential Detached, Single Family Residential Attached
Condo = Condominium Attached, Condominium Detached
Reports generated from Clarus MarketMetrics®

Contact your real estate professional for additional local market trends in your neighborhood. Reports were generated from ClarusMarketMetrics®, available as a subscription service and powered by Terradatum, creators of BrokerMetrics® To register for a free trial account, visit ClarusMarketMetrics®

Data for this report furnished by California Desert Association of REALTORS®. More information is available at California Desert Association of REALTORS®

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