New
-
-
$1M to $1.5M inventory
$1M to $1.5M prices
- $1M and up prices
-
- $1M and up inventory
$500,000 to $1 M prices
| 05/10/13 | |||
| Total units | Total units sold | % | |
| Sold 2012 | and In escrow | of LY sold | |
| Andalusia | 18 | 20 | 111.1% |
| Palm Valley | 72 | 50 | 69.4% |
| Toscana | 29 | 19 | 65.5% |
| PGA West | 216 | 137 | 63.4% |
| Indian Ridge | 74 | 46 | 62.2% |
| Mountain View | 29 | 18 | 62.1% |
| Hideaway | 26 | 16 | 61.5% |
| Rancho La Quinta | 70 | 42 | 60.0% |
| Indian Wells CC | 73 | 40 | 54.8% |
| 607 | 388 | 63.9% |
So prices are changing!
500,000 to 1,000,000 Sales
500,000 to 1,000,000 Sales Prices
1,000,000 and up Sales
1,000,000 and up Sales Prices
1,000,000 to 1,500,000 Sales Prices
| 2012 | 2013 YTD | |||
| Country Club | Condo | Single Family | Condo | Single Family |
| $/sq.ft. | $/sq.ft. | $/sq.ft. | $/sq.ft. | |
| Andalusia | na | 325 | na | 313 |
| Bighorn | na | 602 | na | 635 |
| Hideaway | na | 430 | na | 454 |
| Indian Ridge | 194 | 256 | 211 | 265 |
| Indian Wells | 186 | 293 | 200 | 268 |
| Mountain View | 168 | 257 | na | 267 |
| Palm Valley | 175 | na | 189 | na |
| PGA West | 156 | 233 | 167 | 245 |
| Rancho La Quinta | 207 | 273 | 211 | 257 |
| Reserve | na | 433 | na | 612 |
| Toscana | na | 416 | na | 442 |
| Tradition | na | 503 | na | 453 |
| Vintage | 273 | 390 | na | 475 |
| 04/05/13 | |||
| Total units | Total units sold | % | |
| Sold 2012 | and In escrow | of LY sold | |
| Andalusia | 18 | 15 | 83.3% |
| Indian Wells CC | 73 | 38 | 52.1% |
| Palm Valley | 72 | 37 | 51.4% |
| Indian Ridge | 74 | 37 | 50.0% |
| PGA West | 216 | 102 | 47.2% |
| Rancho La Quinta | 70 | 33 | 47.1% |
| Toscana | 29 | 13 | 44.8% |
| Hideaway | 26 | 11 | 42.3% |
| Mountain View | 29 | 12 | 41.4% |
| 607 | 298 | 49.1% | |
We keep seeing news articles that the prices are rising. Is this true? Well in the desert, the “rising prices” are more a reflection of the fact that we have less bank owned and short sale inventory available so the sales that are happening are with the higher priced “regular” inventory. Look below by Price Range:
In the 500,000 to 999,999 range: Sales units are way up over last year…Prices are slightly down..Inventory is only slightly down from last year.
500,000-999,999 Sales
500,000-999,999 Prices
In the 1,000,000 + Range: Inventory is up 10%, Sales are off from last year by 31%. Prices show up..What’s up?
Sales for 1,000,000 +
1,000,000 + Prices
1,000,000-1,500,000 Prices
When one looks at the prices of the 1,000,000-1,500,000, it is noted that Prices are slightly down. The prices of 1,000,000+ are skewed somewhat as there were 12 sales over 1.5M in this month of which 2 were over 5M and one was $11.1 M!
What does it all mean? Sales over $1M have been more challenging than last year. In the 500,000-999,999 sales are strong, but the prices reflect a drop of 1.2% from last year.
| 02/28/13 | |||
| Total units | Total units sold | % | |
| Sold 2012 | and In escrow | of LY sold | |
| Andalusia | 18 | 14 | 77.8% |
| Indian Wells CC | 73 | 26 | 35.6% |
| Palm Valley | 72 | 25 | 34.7% |
| Toscana | 29 | 10 | 34.5% |
| PGA West | 216 | 74 | 34.3% |
| Indian Ridge | 74 | 23 | 31.1% |
| Mountain View | 29 | 9 | 31.0% |
| Hideaway | 26 | 7 | 26.9% |
| Rancho La Quinta | 70 | 16 | 22.9% |
| 607 | 204 | 33.6% |
| 02/16/13-02/27/13 | |||||||||
| New | Price | New | Closed | Total in | Total | ||||
| Country Club | Listings | Reduc | In Escrow | Escrow | Escrow | on MLS | |||
| Andalusia | 0 | 0 | 1 | 1 | 13 | 14 | |||
| Hideaway | 3 | 3 | 2 | 0 | 6 | 47 | |||
| Indian Ridge | 5 | 4 | 3 | 3 | 13 | 70 | |||
| Indian Wells CC | 4 | 9 | 2 | 2 | 16 | 64 | |||
| Mountain View | 4 | 3 | 1 | 0 | 6 | 35 | |||
| Palm Valley | 3 | 3 | 1 | 5 | 9 | 40 | |||
| PGA West | 9 | 11 | 18 | 11 | 44 | 147 | |||
| Rancho La Quinta | 3 | 4 | 3 | 1 | 8 | 67 | |||
| Toscana | 1 | 1 | 1 | 1 | 8 | 27 | |||
| LY | LY | 2011 | |||||||
| Week Total | 32 | 38 | 32 | 24 | 123 | 96 | 511 | 582 | 643 |
| % Inc/Dec | 28% | -12% | -21% |
| 02/09/13-02/15/13 | |||||||||
| New | Price | New | Closed | Total in | Total | ||||
| Country Club | Listings | Reduc | In Escrow | Escrow | Escrow | on MLS | |||
| Andalusia | 2 | 1 | 4 | 0 | 13 | 15 | |||
| Hideaway | 0 | 1 | 1 | 1 | 4 | 46 | |||
| Indian Ridge | 2 | 2 | 3 | 1 | 12 | 70 | |||
| Indian Wells CC | 2 | 5 | 1 | 2 | 17 | 62 | |||
| Mountain View | 2 | 1 | 2 | 0 | 4 | 33 | |||
| Palm Valley | 3 | 3 | 1 | 5 | 7 | 46 | |||
| PGA West | 9 | 8 | 8 | 10 | 36 | 160 | |||
| Rancho La Quinta | 2 | 2 | 4 | 1 | 6 | 71 | |||
| Toscana | 2 | 0 | 1 | 0 | 9 | 20 | |||
| LY | LY | 2011 | |||||||
| Week Total | 24 | 23 | 25 | 20 | 108 | 87 | 523 | 590 | 654 |
| % Inc/Dec | 24% | -11% | -20% |
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