Luxury home sales are on the rise in the Coachella Valley! Have a look at the La Quinta area, we are doing so much better! The lower price points of homes are also seeing a robust market. The seasonal rental market is seeing very low vacany rates so we should expect the sales market to continue with all of buyers in town!
2012
Palm Springs: 56 homes, high $2.7 million
Rancho Mirage: 53 homes, high $3.4 million
Palm Desert: 32 homes, high $10 million
Indian Wells: 68 homes, high $5.7 million
La Quinta: 119 homes, high $7.375 million
2011
Palm Springs: 37 homes, high $4.9 million
Rancho Mirage: 63 homes, high $4.25 million
Palm Desert: 40 homes, high $5.1 million
Indian Wells: 42 homes, high $6.9 million
La Quinta: 79 homes, high $7.6 million
Source: Palm Springs Regional Association of Realtors
Happy Holidays and see you on the polo field!!!!!