There is a website all about Houses www.houzz.com. this morning there is an article about household mold – where to look for it, how to remove it and when to bring in a professional. You can read the article by Clicking Here.
Sales Analysis, Third Quarter – 2016
The City of La Quinta, home sales for the third quarter of 2016 (July thru September) was different to say the least. As the heat goes up, sales and prices usually goes down. This year sales started slowly in April and continued to grow all summer. The sales in the 3rd quarter of 2016 improved by 13.7% over the same period in 2015 and prices rose 4.6%.
2016 has been similar to 2015 except the January sales were even less than 2015, and the inventory started growing at a rapid pace. The inventory continued to grow and the sales were slow, which turned the market into a buyer’s market with prices dropping. Buyers finally started to appear in April and the momentum continued growing throughout the summer making September the second strongest September we have ever had..
Below are some Graphs representing the City of La Quinta.
The Palm Springs Life sponsors an annual Market Watch for the entire Coachella Valley and compiled br the Palm Springs Regional Association of Realtors (PSRAR) publishes monthly statistics for the entire Coachella Valley. That report can be seen by clicking here.
Here are some yearly sales figures (units) for the City of La Quinta from 2002:
Year – All LQ – Golf Course
2002 – 1,356 – 259
2003 – 1,572 – 640
2004 – 1,938 – 785
2005 – 1,563 – 638
2006 – 1,118 – 483
2007 – 942 – 444
2008 – 1,076 – 405
2009 – 1,202 – 409
2010 – 1,360 – 518
2011 – 1,446 – 510
2012 – 1,532 – 587
2013 – 1,537 – 567
2014 – 1,284 – 576
2015 – 1,259 – 512
2016 – 1045 – 441 through September
* Remember that the sales numbers represent “Closed” escrows. Since the average escrow is between 45 and 60 days, the decision to purchase the homes that closed in June was probably made in March to early April.
For more information about the Coachella Valley Real Estate market,
Please call us at (760) 203-2621!
Source: DesertAreaMLS