market update

Indian Wells -

Average Sales Price
  Single Family 2004 211 Closings $ 812,254
    2005 183 Closings $ 1,044,843
    2006 131 Closings $ 1,450,948
    2007 129 Closings $ 1,456,040
    2008 - 1st half 60 Closings $ 1,544,903
    % Change in 2008 price: 6.1% Increase
   
  Condos 2004 121 Closings $ 346,797
    2005 72 Closings $ 474,684
    2006 42 Closings $ 462,021
    2007 50 Closings $ 524,956
    2008 - 1st half 28 Closings $ 516,661
    % Change in 2008 price: 1.6% Decrease
     
Average Days on Market
  Single Family 2004 81  
    2005 84  
    2006 97  
    2007 100  
    2008 - 1st half 137  
   
  Condos 2004 40  
    2005 60  
    2006 92  
    2007 124  
    2008 - 1st half 96  
 
Lowest Sales Price
  Single Family 2004 $ 265,000  
    2005 $ 324,900  
    2006 $ 370,000  
    2007 $ 334,900  
    2008 - 1st half $ 455,000  
         
  Condos 2004 $ 84,000  
    2005 $ 125,500  
    2006 $ 180,000  
    2007 $ 140,000  
    2008 - 1st half $ 141,500  
 
Highest Sales Price
  Single Family 2004 $ 2,750,000  
    2005 $ 4,950,000  
    2006 $ 6,700,000  
    2007 $ 8,350,000  
    2008 - 1st half $ 7,950,000  
   
  Condos 2004 $ 1,160,000  
    2005 $ 805,000  
    2006 $ 825,000  
    2007 $ 2,200,000  
    2008 - 1st half $ 2,150,000  
Average Sale Price - 2005
   
Single Family
Condo
 
  2 bedroom
$ 669,292
$ 366,531
 
  3 bedroom
$ 879,157
$ 547,624
 
  4 bedroom
$ 1,286,020
None
 
 

5 bedroom +

$ 3,242,500
None
 
Average Sale Price - 2006
  2 bedroom
$ 869,286
$ 427,535
 
  3 bedroom
$ 1,225,057
$ 518,063
 
  4 bedroom
$ 1,646,111
None
 
  5 bedroom +
$ 3,852,000
None
 
Average Sale Price - 2007
  2 bedroom
$ 761,800
$ 467,139
 
  3 bedroom
$ 1,071,291
$ 619,289
 
  4 bedroom
$ 1,924,204
None
 
  5 bedroom +
$ 3,418,125
None
 
Average Sale Price - 2008 (1st half)
  2 bedroom
$ 780,000
$ 409,571
 
  3 bedroom
$ 1,070,364
$ 623,750
 
  4 bedroom
$ 1,645,313
None
 
  5 bedroom +
$6,250,000
None
 
 
 

All information deemed to be reliable, although not warranted or guaranteed. Source MLS.


 

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