2017 La Quinta Home Sales Analysis

The City of La Quinta, home sales for the year of 2017 were the strongest since 2004. The growing strength from the end of 2016 carried over through the first half of 2017.

As you can see from the numbers below, the unit sales increased in 2017, 15.8% over 2016 but the price per square foot decreased .08% Here are the unit sales and price per square foot by quarter for 2015/2014, 2016/2015 and 2017/2016 in the City of La Quinta.

Unit sales in La Quinta:
 Quarter   2015/2014   2016/2015   2017/2016
    1       -20.1%       -2.3%      +38.5%
    2        -2.6%       +9.5%      +15.4%
    3        +3.9%      +14.1%       +3.3%
    4       +22.0%       +7.8%       +7.9%
  Total      -1.9%       +7.3%      +15.8%

Price/Square Foot in La Quinta:
 Quarter   2015/2014   2016/2015   2017/2016
    1       +10.0%       -5.0%       -7.4%
    2        -0.5%       -2.4%       +6.2%
    3        +0.0%       +4.5%       +1.2%
    4        +2.0%       -0.9%       -2.6%  
  Total      +3.0%       -1.3%       -0.8%

2017 has seen a strong increase in sale which echos the increase in the national economy. As the stock market grows people are looking for other investments which might not be as volatile as the stock market. We look to 2018 to be a good year.

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.

Below are some Graphs representing the City of La Quinta.





 

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 – 1,351 – 572
2017 – 1,565 – 699

* 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