Land, ranches and residential in the Coachella Valley
Coachella Valley Housing Update: Today I am going to borrow information from Lawyers Title Co., Kevin Wahlstrom. Fantastic customer service by the way, and I use Lawyers often. The Coachella Valley local housing update is just part of this very comprehensive Riverside Co., housing update. Great information. If you are looking to buy or sell here in the Coachella Valley, give local resident and realtor, Kim Kelly a call at 760-285-3578.
The second half of 2025 started with mortgage rates above 7%, and didn’t drop into the 6’s until mid February. The affordability crisis has persisted and demand has remained pretty much unchanged over the past 2 years. Days on the market has increased, buyer demand is muted and homeowners continue to “hunker down” in their homes, unwilling to move due to their under market, locked in rates. The only change in the trajectory of buyer demand that is being predicted is if the mortgage rates fall to 6% or below.
Coachella Valley snapshot
Over the past 2 weeks, inventory decreased by 219 homes, a 6% decline. Demand in the past 2 weeks decreased from 610 to 579 pending sales, down 5%. Year over year, the Coachella Valley inventory is up by 857 homes, or 35%. Demand is down by 36 pending sales or 6%. The expected market time last year was 121 days, considerably faster than today. The median sales price in June was $602,895 decreasing by $7,105 from May. The median price in June 2024 was $590,000 which is 2% less than today. (Information is courtesy of Lawyers Title Co.)
Take a look at this amazing 9.8 acre organic date farm being offered for just $795,000.
