Coachella Valley is home to many estate properties
Coachella Valley Market Update: Here we are one month away from the end of the first quarter, and the California Department of real estate, along with the US Census, has put together a short breakdown of our local Coachella Valley real estate market. Sales are still down below normal, but most especially in the luxury market. Bottom Line, if a buyer brings your an offer, a seller needs to respond and seriously consider it. If you are looking to list your property in the Coachella Valley, give local agent, Kim Kelly a call at 760-285-3578.
Coachella Valley Market Update
* Coachella Valley Housing Inventory 1/1/25 3,389.
* Coachella Valley Housing Inventory as of 1/1/24 2,366.
* Population Growth in the Valley is Lagging 0.8% Down.
* Valley Home Prices are stable – No downward or upward pressure.
* Sales continue to run 26% below Normal.
* Inventory is now back to pre-covid averages.
* The luxury homes aren’t selling. Inventory of luxury homes is down 56%.
* Sales vs. Demand is now favoring buyers.
* 2025 Forecast on Mortgage rates is projected to declines to 5.75-6.0% range.
Take the tour of this just reduced La Quinta Cove property. Now offered at $649,000. Located on a double lot, with spectacular views from the fenced and private backyard. And what a yard. Mature trees encircle the yard with it’s Pool, raised spa, outdoor shower, multiple conversation areas and VIEWS!
