The median price per square foot for the Coachella Valley rose another 4 percent to $135 in January — a three-month increase of 14 percent. Market Watch projects a year-end price of $150, assuming sales pick up in the next few months.
Market Watch — Here Comes the Recovery
Recent gains in home values signal a healthy market ahead
Most observers wonder whether last year’s price gains will continue this year and into next. The forces of supply and demand, which drive the prices of all markets, appear more positive than ever for desert housing.
REAL ESTATE — Up, Down, and Over the Cliff
Activity on Capitol Hill could affect recovery on the homefront.
As of Nov. 1, the Coachella Valley’s median home price per square foot was up 20 percent year over year, as values maintained double-digits price gains earned earlier in the year. This change in the price pattern is very positive.
REAL ESTATE — Bottoms Up!
As inventory declines, housing prices rise from last September’s low point.
From statistics, we know the bottom for home prices throughout the Coachella Valley generally occurred in September 2011. Because of this, home prices as of Oct. 1 are ideal to show the year-over-year percentage change.
Market Watch – Bouncing Back
Low rates and home prices boost the affordability index
It’s always good to look at the long-term picture after any housing or financial crisis. The charts below show the median price of homes throughout Riverside County from 1982 to the present and the Riverside County affordability index.
Palm Springs Real Estate Market Shows Signs of Life
Prices rise and inventory shrinks as Coachella Valley real estate regains its health
Prices rise and inventory shrinks as Coachella Valley real estate regains its health.