About Me
- The Desert Real Estate Blog
- De gustibus non est disputandum - There's no excuse for good taste. Living Well Begins At Home. As the broker of choice for countless celebrity clients and Fortune 500 CEOs, I take pride in a level of service, experience, and discretion that is without peer in the communities of La Quinta, Rancho Mirage, Indian Wells and Palm Desert. Searching for a residence of uncommon distinction and grace? Share your wishes with me and reap the benefits of an insiders’ knowledge of the upscale desert communities. And if you are planning to place your home on the market, no one is more skilled at providing exposure and finding qualified buyers across the nation and the world. I specialize in luxury homes and fine golf properties within the Coachella Valley.
Sunday, November 02, 2008
Housing sales in La Quinta jumped 42.6 percent in September
1:41 PM | 
Posted by
The Desert Real Estate Blog
Housing sales in La Quinta jumped 42.6 percent in September from the year before, a strong year-over-year showing driven by ever-lowering prices and buyers nabbing entry-level foreclosures.
A total of 87 homes were sold in the 92253 ZIP code last month, which was up 6.1 percent from August sales figures, according to an analysis released this week from MDA DataQuick.
Experts say the rise in sales is directly related to lowering prices: In September, La Quinta's median price hit $285,500, down 31.9 percent from the year before.
DataQuick's monthly housing report also shows:
A total of 865 homes were sold valleywide, a 65.4 percent increase from September 2007.
That's the strongest year-over-year showing in nearly two decades.
La Quinta's median price remains higher than the valleywide price, which hit $230,000, in September. That's down 37.8 percent from September 2007.
The median price per square foot in the city was $163. That's above with the valleywide price per square foot, which hit $125 in September.
The most expensive home sold in the valley in September was a $2.49 million single-family home in La Quinta.
Despite a large jump in September sales valleywide, October inventory numbers are up slightly indicating the market is still dealing with “people with troubled loans,” said Greg Berkemer, executive vice president of California Desert Association of Realtors.
La Quinta Sun October 30, 2008
Visit http://dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx for a breakdown of monthly sales of all California cities
A total of 87 homes were sold in the 92253 ZIP code last month, which was up 6.1 percent from August sales figures, according to an analysis released this week from MDA DataQuick.
Experts say the rise in sales is directly related to lowering prices: In September, La Quinta's median price hit $285,500, down 31.9 percent from the year before.
DataQuick's monthly housing report also shows:
A total of 865 homes were sold valleywide, a 65.4 percent increase from September 2007.
That's the strongest year-over-year showing in nearly two decades.
La Quinta's median price remains higher than the valleywide price, which hit $230,000, in September. That's down 37.8 percent from September 2007.
The median price per square foot in the city was $163. That's above with the valleywide price per square foot, which hit $125 in September.
The most expensive home sold in the valley in September was a $2.49 million single-family home in La Quinta.
Despite a large jump in September sales valleywide, October inventory numbers are up slightly indicating the market is still dealing with “people with troubled loans,” said Greg Berkemer, executive vice president of California Desert Association of Realtors.
La Quinta Sun October 30, 2008
Visit http://dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx for a breakdown of monthly sales of all California cities
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment