market update

 La Quinta -

Average Sales Price
  Single Family 2004 1493 Closings $ 547,696
    2005 1265 Closings $ 710,910
    2006 883 Closings $ 827,539
    2007 800 Closings $ 840,850
    2008 - 1st half 480 Closings $ 754,353
    % Change in 2008 price: 10.3% Decrease
   
  Condos 2004 355 Closings $ 382,945
    2005 229 Closings $ 494,509
    2006 151 Closings $ 477,046
    2007 110 Closings $ 492,327
    2008 - 1st half 69 Closings $ 397,666
    % Change in 2008 price: 19.2% Decrease
     
Average Days on Market
  Single Family 2004 49  
    2005 70  
    2006 100  
    2007 113  
    2008 - 1st half 103  
   
  Condos 2004 35  
    2005 35  
    2006 87  
    2007 117  
    2008 - 1st half 106  
 
Lowest Sales Price
  Single Family 2004 $ 100,000  
    2005 $ 47,050  
    2006 $ 212,500  
    2007 $ 162,000  
    2008 - 1st half $ 100,000  
         
  Condos 2004 $ 149,900  
    2005 $ 222,000  
    2006 $ 219,000  
    2007 $ 207,000  
    2008 - 1st half $ 131,000  
 
Highest Sales Price
  Single Family 2004 $ 3,800,000  
    2005 $ 4,900,000  
    2006 $ 4,850,000  
    2007 $ 6,000,000  
    2008 - 1st half $ 5,850,000  
   
  Condos 2004 $ 880,000  
    2005 $ 2,399,000  
    2006 $ 875,000  
    2007 $ 1,550,000  
    2008 - 1st half $ 925,000  
Average Sale Price - 2005
   
Single Family
Condo
 
  2 bedroom
$ 557,069
$ 393,531
 
  3 bedroom
$ 623,157
$ 564,870
 
  4 bedroom
$ 961,700
$ 1,589,500
 
  5 bedroom +
$ 1,775,696
None
 
Average Sale Price - 2006
  2 bedroom
$ 455,668
$ 384,094
 
  3 bedroom
$ 669,949
$ 583,664
 
  4 bedroom
$ 1,185,497
$ 450,000
 
  5 bedroom +
$ 1,578,556
None
 
Average Sale Price - 2007
  2 bedroom
$ 438,358
$ 383,491
 
  3 bedroom
$ 664,612
$ 566,582
 
  4 bedroom
$ 1,180,459
$ 1,119,000
 
  5 bedroom +
$ 1,520,245
$ 1,550,000
 
Average Sale Price - 2008 (1st half)
  2 bedroom
$ 432,909
$ 316,979
 
  3 bedroom
$ 575,845
$ 480,726
 
  4 bedroom
$ 1,198,312
None
 
  5 bedroom +
$ 1,254,417
None
 
 
 

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


 

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