market update

 Indio -

Average Sales Price
  Single Family 2004 719 Closings $ 282,930
    2005 925 Closings $ 392,330
    2006 706 Closings $ 398,958
    2007 467 Closings $ 391,963
    2008 - 1st half 413 Closings $ 303,930
    % Change in 2008 price: 22.5% Decrease
   
  Condos 2004 88  Closings $ 151,147
    2005 104 Closings $ 204,582
    2006 42  Closings $ 231,418
    2007 35 Closings $ 214,829
    2008 - 1st half 10 Closings $ 168,290
    % Change in 2008 price: 3.6% Decrease
     
Average Days on Market
  Single Family 2004 39  
    2005 66  
    2006 88  
    2007 95  
    2008 - 1st half 89  
   
  Condos 2004 33  
    2005 49  
    2006 86  
    2007 118  
    2008 - 1st half 142  
 
Lowest Sales Price
  Single Family 2004 $ 57,000  
    2005 $ 119,500  
    2006 $ 120,000  
    2007 $ 55,000  
    2008 - 1st half $ 68,000  
         
  Condos 2004 $ 82,820  
    2005 $ 107,250  
    2006 $ 115,000  
    2007 $ 85,000  
    2008 - 1st half $ 77,000  
 
Highest Sales Price
  Single Family 2004 $ 680,000  
    2005 $ 3,000,000  
    2006 $ 1,300,000  
    2007 $ 3,800,000  
    2008 - 1st half $ 930,000  
   
  Condos 2004 $ 275,000  
    2005 $ 449,000  
    2006 $ 320,000  
    2007 $ 315,000  
    2008 - 1st half $ 269,000  
Average Sale Price - 2005
   
Single Family
Condo
 
  2 bedroom
$ 382,287
$ 203,395
 
  3 bedroom
$ 379,543
$ 234,250
 
  4 bedroom
$ 409,532
None
 
  5 bedroom +
$ 531,588
None
 
Average Sale Price - 2006
  2 bedroom
$ 387,793
$ 222,766
 
  3 bedroom
$ 374,600
$ 274,679
 
  4 bedroom
$ 416,558
None
 
  5 bedroom +
$ 555,855
None
 
Average Sale Price - 2007
  2 bedroom
$ 356,798
$ 213,794
 
  3 bedroom
$ 376,926
$ 250,000
 
  4 bedroom
$ 406,298
None
 
  5 bedroom +
$ 597,344
None
 
Average Sale Price - 2008 (1st half)
  2 bedroom
$ 325,577
$ 168,290
 
  3 bedroom
$ 281,921
None
 
  4 bedroom
$ 310,606
None
 
  5 bedroom +
$ 334,940
None
 
 
 

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


 

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