February’s Price Report

We are publishing sales figures for all homes sold within the city of La Quinta as well as all Golf Course homes in La Quinta. The blue lines represent 2008 data and we are adding the orange lines that represent 2009 data.

The chart above shows annual sales of homes within the city of La Quinta. When looking at “sold” data, you have to remember that the numbers are generated on the date that the sale is recorded with the county but that the decision to buy was made about 45 days earlier. As you can see from the chart above, our “season” begins after the new year and tapers off with the heat in June and July. We see a little spike in September and October in the number of homes sold from the folks that believe that the best deals can be had in the highest heat of the summer.

La Quinta homes located on a golf course, although more expensive, mirror the seasonal sales figures of all homes in La Quinta. After a slow start, this years sales are catching up to last years.

The bottom line…

Unit sales 2009 over 2008 are ahead of last year as far as the numbers go but the price/value of the homes has dropped reflecting the downward trend of the general housing market.

Here are some yearly sales figures for the City of La Quinta from 2002:

Year        All LQ      Golf Course
2002        1,354          259
2003        1,565          652
2004        1,931          813
2005        1,553          657
2006        1,098          491
2007           935          447
2008        1,063          416

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