Indian Wells Real Estate report
The median home value in Indian Wells is $698,800. Indian Wells home values have gone up 6.6% over the past year and Zillow predicts they will rise 3.3% within the next year. The median list price per square foot in Indian Wells is $291, which is higher than the Riverside Metro average of $196. The median price of homes currently listed in Indian Wells is $899,000.
Foreclosures will be a factor impacting home values in the next several years. In Indian Wells 2.8 homes are foreclosed (per 10,000). This is greater than the Riverside Metro value of 2.1 and also greater than the national value of 1.6
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Indian Wells is 0.0%, which is lower than the national value of 0.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Indian Wells homeowners underwater on their mortgage is 0.1%, which is lower than Riverside Metro at 0.1%.
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