La Quinta
Real estate in South La Quinta, (south of Highway 111) consists of numerous homes on the market that are tailored more for people who prefer a resort type of lifestyle, gated communities, golf courses, country clubs, and vacation homes. However, not all communities have golf courses so there is a range to choose from.
Inventories of existing homes for sale in La Quinta’s went up marginally, accompanied by a 1 percent rise from August 2013. The median list price in La Quinta is $498,900, the median sale price is $385,000 and the median home value index is $369,000.
Inventory: 513 Recently Sold: 184 New Listings: 152 Distressed: 2
Indian Wells
Home sales in the Indian Wells market continued to cool down as of Sept, 17th, due to the fact they tumbled 6.2% during the past 30 days to only 15 homes sold . In contrast, Palm Springs had the greatest number of sales for all cities in the region with 115. According to HomeSnap, $701,000 is the median home price for Indian Wells, which indicates an increase from $592,500 for the period ending Sept 17, 2013. For lower prices, buyers should look for older homes.
Inventory: 126 Recently Sold: 28 New Listings: 9 Distressed: 1
As of September 2013, Indian Wells’s home resale inventories experienced a dramatic drop, with a 15 percent decrease since August 2013.
Rancho Mirage
The average household income is above $68,000, but real estate in Rancho Mirage is actually reasonably priced, particularly considering the deep history in the region. Prices for single-family residences average a little more than $600,000. The median home price according to Zillow is $465,500 as of Sept 23, 2013 which represents a 21% year over year increase. The home price index is second to Indian Wells in the region which comes in at $688,200.
Rancho Mirage’s home resale inventories moved higher, with the help of a 12 percent increase since August 2013.
Inventory: 356 Recently Sold: 97 New Listings: 78 Distressed: 1