The median price per square foot in the Coachella Valley rose by $3 in October to $173, essentially unchanged since last February.
The median home price per square foot in the Coachella Valley was unchanged in September at $171, marking five months of essentially unchanging home prices.
Income-driven purchasing activity is weak, while market-driven sales fare well.
For the second consecutive month, the median price per square foot for the entire Coachella Valley declined 2.2 percent in July from $175 to $171.
Housing prices continued to inch up in May for the seventh consecutive month, even as sales continued on a year-over-year decline.
The Coachella Valley is an eclectic mix of peoples, lifestyles, backgrounds, ages, incomes and wealth – a demographic super mix from all over the country and even the world.
A measurable decline in investor sales and a significant increase in higher-end home buyer sales means a much healthier Coachella Valley market.
The Pattern in valley housing over the last two years has been strong price increases fueled not by a powerful wave of home buyers but by a severe lack of home sellers. However, this pattern might finally be changing.
Even after five years of the strongest government stimulation in American history, real wages are still down 10 percent, and the broadest measure of unemployment is 12.7 percent, just 4 percent less than its all-time high.
Increase In Net Worth Bodes Well For The Coachella Valley