market update

Rancho Mirage -

Average Sales Price
  Single Family 2004 560 Closings $ 816,930
    2005 492 Closings $ 975,294
    2006 353 Closings $ 1,137,335
    2007 341 Closings $ 1,047,899
    2008 - 1st half 175 Closings $ 984,422
    % Change in 2008 price: 6.1% Decrease
   
  Condos 2004 443 Closings $ 353,158
    2005 362 Closings $ 438,570
    2006 210 Closings $ 471,825
    2007 199 Closings $ 423,607
    2008 - 1st half 105 Closings $ 438,697
    % Change in 2008 price: 3.6% Increase
     
Average Days on Market
  Single Family 2004 71  
    2005 82  
    2006 102  
    2007 116  
    2008 - 1st half 104  
   
  Condos 2004 43  
    2005 44  
    2006 90  
    2007 102  
    2008 - 1st half 115  
 
Lowest Sales Price
  Single Family 2004 $ 246,000  
    2005 $ 257,000  
    2006 $ 311,000  
    2007 $ 225,000  
    2008 - 1st half $ 230,000  
         
  Condos 2004 $ 90,100  
    2005 $ 180,000  
    2006 $ 176,000  
    2007 $ 146,000  
    2008 - 1st half $ 163,000  
 
Highest Sales Price
  Single Family 2004 $ 3,600,000  
    2005 $ 4,975,000  
    2006 $ 6,500,000  
    2007 $ 7,675,000  
    2008 - 1st half $ 5,000,000  
   
  Condos 2004 $ 900,000  
    2005 $ 1,060,000  
    2006 $ 1,055,000  
    2007 $ 1,050,000  
    2008 - 1st half $ 1,115,000  
Average Sale Price - 2005
   
Single Family
Condo
 
  2 bedroom
$ 561,782
$ 339,121
 
  3 bedroom
$ 787,570
$ 523,908
 
  4 bedroom
$ 1,196,907
$ 618,914
 
  5 bedroom +
$ 2,049,879
$ 749,900
 
Average Sale Price - 2006
  2 bedroom
$ 700,167
$ 370,510
 
  3 bedroom
$ 932,135
$ 539,434
 
  4 bedroom
$ 1,244,798
$ 632,400
 
  5 bedroom +
$ 2,202,046
None
 
Average Sale Price - 2007
  2 bedroom
$ 933,833
$ 335,045
 
  3 bedroom
$ 798,189
$ 498,230
 
  4 bedroom
$ 1,246,053
None
 
  5 bedroom +
$ 2,040,850
None
 
Average Sale Price - 2008 (1st half)
  2 bedroom
$ 429,000
$ 357,240
 
  3 bedroom
$ 739,058
$ 485,031
 
  4 bedroom
$ 1,280,383
$ 1,115,000
 
  5 bedroom +
$ 1,984,654
None
 
 
 

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


 

click on a city to get a comprehensive
real estate analysis

Cathedral City

Indian Wells

Indio

La Quinta

Palm Desert

Palm Springs

Rancho Mirage

 

back to market update main page

 

Golf Course Communities | MLS Search | Our Listings | Map of the Area | Site Map

copyright ©2006 Terri & Guy Munselle - All Rights Reserved - no part of this website whether in whole or in part may be reproduced

site designed by: imaginationseverything.com