The Indio Real Estate Market is steady, states Kimberley Kelly, local realtor with HK Lane/Christie’s International. Home and Land prices have remained stable for the past 18 months or so, Inventory has remained steady, and price/sf. has also. Land and Equestrian Properties continue to draw interest. Commercial Land in the North Indio area is also seeing sales. Now that the Stagecoach Music Festival is over, the traffic will also settle back into it’s normal rhythm. Indio draws buyers through the summer months..no matter how hot! Our Coachella Valley can now claim that approximately 50% of our yearly sales come during our summer months. It’s not too late to list your Indio Home or Ranch for Sale; Call Kim at 760-285-3578 for your FREE property consultation and evaluation.
Indio, California is known as “The City of Festivals”, and no wonder! Long before the Music Festivals came to Indio about 13 years ago, Indio had the Indio Date Festival. Nearly a million visitors find their way to the City each year. The County Fairgrounds is the site of The Date Festival in February, the Indian Powwow over Thanksgiving weekend, The Tamale Festival in December, and local rodeos, music concerts,and other shows. Add the Casino Shows, and the world famous Coachella Music Festivals held at the Empire Polo Grounds, and it’s easy to see why the cities’ popularity continues to grow. Indio Real Estate market is varied and plentiful. Golf, Non-golf course properties, Equestrian farms and small ranches, Investment Land, and Commercial Land is available for sale. An example of a killer non-golf, gated community home for sale is at 37551 Mersey St. at Talavera in North Indio, offered at $350,000.
There does appear to be a real estate market shift taking place in Indio, as well as all Desert cities. This shift is from a Sellers Market to a Buyers Market. When Days on the Market to sell a property begins to climb, Inventory begins to increase, and number of contracts decreases, this signals a change to a buyers’ market is on the way. There is now approximately 8.4 “months of Sales” to inventory ratio..meaning more standing homes for sale than buyers. High Inventory is predicted in all price points over $300,000. Seasonal, or “remote Owners” make up approx. 70% of the total dollars in sales.
Equestrian Properties continue to move, though sales have slowed down, and serious Sellers are lowering their expectations. Here is a 10 acre Farm at 85501 61st St., that just went into Escrow after a Price Reduction from $899,000 – approx. $825,000. If you are interested in SELLING your Indio property, give Kim Kelly a call at 760-285-3578 to find out what your property is REALLY worth!