market update
Cathedral City -
| Average
Sales Price |
| |
Single Family |
2004 |
451 Closings |
$ 289,964 |
| |
|
2005 |
827 Closings |
$ 376,914 |
| |
|
2006 |
525 Closings |
$ 397,976
|
| |
|
2007 |
380 Closings |
$ 367,826 |
| |
|
2008 - 1st half |
218 Closings |
$ 304,256 |
| |
|
% Change in 2008 price: 17.3% Decrease |
| |
|
| |
Condos |
2004 |
163 Closings |
$ 166,375 |
| |
|
2005 |
245 Closings |
$ 220,108 |
| |
|
2006 |
109 Closings |
$ 240,078 |
| |
|
2007 |
98 Closings |
$ 227,709 |
| |
|
2008 - 1st half |
55 Closings |
$182,836 |
| |
|
%
Change in 2008 price: 19.7% Decrease |
| |
|
|
| Average
Days on Market |
| |
Single Family |
2004 |
52 |
|
| |
|
2005 |
53 |
|
| |
|
2006 |
94 |
|
| |
|
2007 |
96 |
|
| |
|
2008 - 1st half |
94 |
|
| |
|
| |
Condos |
2004 |
44 |
|
| |
|
2005 |
62 |
|
| |
|
2006 |
96 |
|
| |
|
2007 |
144 |
|
| |
|
2008 - 1st half |
127 |
|
| |
| Lowest Sales
Price |
| |
Single
Family |
2004 |
$ 99,900 |
|
| |
|
2005 |
$ 140,000 |
|
| |
|
2006 |
$ 149,500 |
|
| |
|
2007 |
$ 150,000 |
|
| |
|
2008 - 1st half |
$ 90,000 |
|
| |
|
|
|
|
| |
Condos |
2004 |
$ 75,000 |
|
| |
|
2005 |
$ 125,000 |
|
| |
|
2006 |
$ 110,000 |
|
| |
|
2007 |
$ 119,000 |
|
| |
|
2008 - 1st half |
$ 99,000 |
|
| |
| Highest
Sales Price |
| |
Single Family |
2004 |
$ 685,000 |
|
| |
|
2005 |
$ 865,000 |
|
| |
|
2006 |
$ 1,000,000 |
|
| |
|
2007 |
$ 815,000 |
|
| |
|
2008 - 1st half |
$ 699,000 |
|
| |
|
| |
Condos |
2004 |
$ 375,000 |
|
| |
|
2005 |
$ 435,000 |
|
| |
|
2006 |
$ 427,500 |
|
| |
|
2007 |
$ 655,000 |
|
| |
|
2008 - 1st half |
$ 455,000 |
|
| Average
Sale Price - 2005 |
| |
|
Single
Family |
Condo |
|
| |
2 bedroom |
$ 330,995 |
$ 212,954 |
|
| |
3 bedroom |
$ 368,747 |
$ 269,494 |
|
| |
4 bedroom |
$ 411,569 |
None |
|
| |
5 bedroom +
|
$ 425,250
|
None |
|
| Average
Sale Price - 2006 |
| |
2 bedroom |
$ 355,722 |
$ 232,290 |
|
| |
3 bedroom |
$ 389,729 |
$ 270,477 |
|
| |
4 bedroom |
$ 427,214 |
None |
|
| |
5 bedroom + |
$ 477,173 |
None |
|
| Average Sale Price - 2007 |
| |
2 bedroom |
$ 346,486 |
$ 216,611 |
|
| |
3 bedroom |
$ 357,341 |
$ 280,588 |
|
| |
4 bedroom |
$ 399,876 |
None |
|
| |
5 bedroom + |
$ 461,714 |
None |
|
| Average Sale Price - 2008 (1st half) |
| |
2 bedroom |
$ 328,958 |
$ 163,761 |
|
| |
3 bedroom |
$ 297,095 |
$ 280,332 |
|
| |
4 bedroom |
$ 306,523 |
None |
|
| |
5 bedroom + |
$ 365,700 |
None |
|
| |
| |
|
|
All information deemed
to be reliable, although not warranted or guaranteed.
Source MLS.
click on a city
to get a comprehensive
real estate analysis
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