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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 97 Closings $ 1,493,785
    2009 97 Closings $ 842,398
    % Change in 2009 price: 43.6% Decrease
   
  Condos 2004 121 Closings $ 346,797
    2005 72 Closings $ 474,684
    2006 42 Closings $ 462,021
    2007 50 Closings $ 524,956
    2008 39 Closings $ 467,577
    2009 51 Closings $ 363,503
    % Change in 2009 price: 22.3% Decrease
     
Average Days on Market
  Single Family 2004 81  
    2005 84  
    2006 97  
    2007 100  
    2008 124  
    2009 139  
   
  Condos 2004 40  
    2005 60  
    2006 92  
    2007 124  
    2008 97  
    2009 166  
 
Lowest Sales Price
  Single Family 2004 $ 265,000  
    2005 $ 324,900  
    2006 $ 370,000  
    2007 $ 334,900  
    2008 $ 310,000  
    2009 $ 163,750  
         
  Condos 2004 $ 84,000  
    2005 $ 125,500  
    2006 $ 180,000  
    2007 $ 140,000  
    2008 $ 127,500  
    2009 $ 122,000  
 
Highest Sales Price
  Single Family 2004 $ 2,750,000  
    2005 $ 4,950,000  
    2006 $ 6,700,000  
    2007 $ 8,350,000  
    2008 $ 8,100,000  
    2009 $ 4,200,000  
   
  Condos 2004 $ 1,160,000  
    2005 $ 805,000  
    2006 $ 825,000  
    2007 $ 2,200,000  
    2008 $ 2,150,000  
    2009 $ 975,000  
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
  2 bedroom
$ 658,333
$ 372,025
 
  3 bedroom
$ 1,074,110
$ 568,158
 
  4 bedroom
$ 1,628,460
None
 
  5 bedroom +
$6,712,500
None
 
Average Sale Price - 2009
  2 bedroom
$ 612,500
$ 345,143
 
  3 bedroom
 $ 596,066
$ 378,126
 
  4 bedroom
$ 1,154,058
$ 325,000
 
  5 bedroom +
$ 792,500
None
 
 
 

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


 

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