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 |
578 Closings |
$ 253,681 |
| |
|
2009 |
804 Closings |
$ 180,904 |
| |
|
% Change in 2009 price:28.7% Decrease |
| |
|
| |
Condos |
2004 |
163 Closings |
$ 166,375 |
| |
|
2005 |
245 Closings |
$ 220,108 |
| |
|
2006 |
109 Closings |
$ 240,078 |
| |
|
2007 |
98 Closings |
$ 227,709 |
| |
|
2008 |
110 Closings |
$170,851 |
| |
|
2009 |
117 Closings |
$118,374 |
| |
|
%
Change in 2008 price: 30.7% Decrease |
| |
|
|
| Average
Days on Market |
| |
Single Family |
2004 |
52 |
|
| |
|
2005 |
53 |
|
| |
|
2006 |
94 |
|
| |
|
2007 |
96 |
|
| |
|
2008 |
86 |
|
| |
|
2009 |
82 |
|
| |
|
| |
Condos |
2004 |
44 |
|
| |
|
2005 |
62 |
|
| |
|
2006 |
96 |
|
| |
|
2007 |
144 |
|
| |
|
2008 |
115 |
|
| |
|
2009 |
120 |
|
| |
| |
| Lowest Sales
Price |
| |
Single
Family |
2004 |
$ 99,900 |
|
| |
|
2005 |
$ 140,000 |
|
| |
|
2006 |
$ 149,500 |
|
| |
|
2007 |
$ 150,000 |
|
| |
|
2008 |
$ 46,000 |
|
| |
|
2009 |
$ 30,000 |
|
| |
|
|
|
|
| |
Condos |
2004 |
$ 75,000 |
|
| |
|
2005 |
$ 125,000 |
|
| |
|
2006 |
$ 110,000 |
|
| |
|
2007 |
$ 119,000 |
|
| |
|
2008 |
$ 55,000 |
|
| |
|
2009 |
$ 29,500 |
|
| |
| |
| Highest
Sales Price |
| |
Single Family |
2004 |
$ 685,000 |
|
| |
|
2005 |
$ 865,000 |
|
| |
|
2006 |
$ 1,000,000 |
|
| |
|
2007 |
$ 815,000 |
|
| |
|
2008 |
$ 700,000 |
|
| |
|
2009 |
$ 695,000 |
|
| |
|
| |
Condos |
2004 |
$ 375,000 |
|
| |
|
2005 |
$ 435,000 |
|
| |
|
2006 |
$ 427,500 |
|
| |
|
2007 |
$ 655,000 |
|
| |
|
2008 |
$ 455,000 |
|
| |
|
2009 |
$ 250,000 |
|
| |
| 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 |
| |
2 bedroom |
$ 256,429 |
$ 158,341 |
|
| |
3 bedroom |
$ 245,898 |
$ 213,386 |
|
| |
4 bedroom |
$ 266,591 |
None |
|
| |
5 bedroom + |
$ 288,566 |
None |
|
| Average Sale Price - 2009 |
| |
2 bedroom |
$ 171,341 |
$ 112,674 |
|
| |
3 bedroom |
$ 166,147 |
$ 147,775 |
|
| |
4 bedroom |
$ 209,860 |
None |
|
| |
5 bedroom + |
$ 258,782 |
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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