market update

Palm Desert -

Average Sales Price
  Single Family 2004 956 Closings $ 540,812
    2005 808 Closings $ 725,581
    2006 539 Closings $ 812,635
    2007 410 Closings $ 713,970
    2008 - 1st half 237 Closings $ 861,133
    % Change in 2008 price: 20.6% Increase
   
  Condos 2004 1168 Closings $ 322,457
    2005 882 Closings $ 400,465
    2006 567 Closings $ 414,675
    2007 494 Closings $ 397,631
    2008 - 1st half 296 Closings $ 371,097
    % Change in 2008 price: .07% Decrease
     
Average Days on Market
  Single Family 2004 46  
    2005 64  
    2006 97  
    2007 105  
    2008 - 1st half 108  
   
  Condos 2004 33  
    2005 48  
    2006 85  
    2007 104  
    2008 - 1st half 101  
 
Lowest Sales Price
  Single Family 2004 $ 135,000  
    2005 $ 192,000  
    2006 $ 130,500  
    2007 $ 150,000  
    2008 - 1st half $ 110,000  
         
  Condos 2004 $ 30,500  
    2005 $ 70,000  
    2006 $ 55,000  
    2007 $ 129,900  
    2008 - 1st half $ 115,000  
 
Highest Sales Price
  Single Family 2004 $ 11,250,000  
    2005 $ 5,600,000  
    2006 $ 9,800,000  
    2007 $ 6,000,000  
    2008 - 1st half $ 10,600,000  
   
  Condos 2004 $ 965,000  
    2005 $ 1,195,000  
    2006 $ 1,500,000  
    2007 $ 950,000  
    2008 - 1st half $ 915,000  
Average Sale Price - 2005
   
Single Family
Condo
 
  2 bedroom
$ 402,945
$ 344,662
 
  3 bedroom
$ 646,952
$ 501,408
 
  4 bedroom
$ 975,917
None
 
  5 bedroom +
$ 1,427,621
None
 
Average Sale Price - 2006
  2 bedroom
$ 392,221
$ 368,531
 
  3 bedroom
$ 698,510
$ 496,735
 
  4 bedroom
$ 1,112,566
$ 628,333
 
  5 bedroom +
$ 2,201,625
None
 
Average Sale Price - 2007
  2 bedroom
$ 354,418
$ 341,894
 
  3 bedroom
$ 612,551
$ 483,079
 
  4 bedroom
$ 1,040,579
$ 627,500
 
  5 bedroom +
$ 1,139,500
None
 
Average Sale Price - 2008 (1st half)
  2 bedroom
$ 338,752
$ 311,820
 
  3 bedroom
$ 624,179
$ 452,190
 
  4 bedroom
$ 1,375,568
None
 
  5 bedroom +
$ 1,508,212
None
 
 

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


 

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