Homebuying runs flat in Palm Springs, Coachella Valley




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Homebuying in Riverside County’s desert communities was necessary flat last yr, dipping 0.8 p.c vs. 2017 in a yr with the fewest countywide product sales since 2014.

Key culprits in the slowdown embody bigger mortgage prices and monetary uncertainty — to not level out house owners in search of recent residences who couldn’t unload their outdated residence. Here’s what my trusty spreadsheet instructed me when looking at house-hunting patterns on the neighborhood stage.

ICYMI: I.E. properties: More fairly priced than you assume?

ATTOM Data Solutions found these homebuying tendencies in 17 ZIP codes masking the world spherical Palm Springs and the Coachella Valley …

Purchases: Home product sales last yr totaled 10,733 vs. 10,817 a yr earlier, a decline of 0.8 p.c.

Who’s up: Prices elevated in 13 of this space’s ZIP codes as product sales rose in 6 ZIPs.

3. Countywide: $370,000 median selling price, up 5.7 p.c. Prices rose in 54 of 64 ZIP codes tracked. Sales of 33,722 vs. 36,221 a yr earlier, a decline of 6.9 p.c. Sales rose in 10 of 64 ZIPs countywide.

How homebuying fared on the neighborhood stage …

Indio 92201: $289,000 median, up 7.8 p.c. Price rank in Riverside County: No. 51 of 64. Sales of 770 vs. 806 a yr earlier, a decline of 4.5 p.c.

Indio 92203: $338,750 median, up 3.3 p.c. Price rank? No. 41 of 64. Sales of 781 vs. 760 a yr earlier, a obtain of 2.8 p.c.

Indian Wells 92210: $675,000 median, up 3.9 p.c. Price rank? No. 2 of 64. Sales of 314 vs. 343 a yr earlier, a decline of 8.5 p.c.

Palm Desert 92211: $340,000 median, up 5.9 p.c. Price rank? No. 39 of 64. Sales of 1,245 vs. 1,319 a yr earlier, a decline of 5.6 p.c.

Blythe 92225: $165,000 median, up 10.0 p.c. Price rank? No. 63 of 64. Sales of 149 vs. 169 a yr earlier, a decline of 11.8 p.c.

Cathedral City 92234: $292,000 median, up 3.4 p.c. Price rank? No. 50 of 64. Sales of 815 vs. 814 a yr earlier, a obtain of 0.1 p.c.

Coachella 92236: $241,500 median, down 0.4 p.c. Price rank? No. 59 of 64. Sales of 209 vs. 215 a yr earlier, a decline of 2.8 p.c.

Desert Hot Springs 92240: $210,000 median, flat in the interval. Price rank? No. 61 of 64. Sales of 631 vs. 581 a yr earlier, a obtain of 8.6 p.c.

Desert Edge 92241: $256,000 median, up 41.1 p.c. Price rank? No. 56 of 64. Sales of 56 vs. 45 a yr earlier, a obtain of 24.4 p.c.

La Quinta 92253: $425,000 median, up 9.5 p.c. Price rank? No. 16 of 64. Sales of 1,593 vs. 1,628 a yr earlier, a decline of 2.2 p.c.

Palm Desert 92260: $357,000 median, up 19 p.c. Price rank? No. 36 of 64. Sales of 998 vs. 977 a yr earlier, a obtain of 2.2 p.c.

Palm Springs 92262: $417,000 median, up 23 p.c. Price rank? No. 22 of 64. Sales of 1,060 vs. 1,106 a yr earlier, a decline of 4.2 p.c.

Palm Springs 92264: $402,500 median, up 23.9 p.c. Price rank? No. 25 of 64. Sales of 944 vs. 976 a yr earlier, a decline of 3.3 p.c.

Rancho Mirage 92270: $325,000 median, down 33.7 p.c. Price rank? No. 44 of 64. Sales of 977 vs. 871 a yr earlier, a obtain of 12.2 p.c.

Oasis 92274: $145,000 median, flat in the interval. Price rank? No. 65 of 64. Sales of 108 vs. 118 a yr earlier, a decline of 8.5 p.c.

Thousand Palms 92276: $268,500 median, up 19.3 p.c. Price rank? No. 54 of 64. Sales of 62 vs. 66 a yr earlier, a decline of 6.1 p.c.

Whitewater 92282: $168,000 median, up 10.2 p.c. Price rank? No. 62 of 64. Sales of 21 vs. 23 a yr earlier, a decline of 8.7 p.c.

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