Barry's Luxury Desert Homes Blog: Sales & Building on the Upswing ...

Home Sales & Prices In Several of the Desert Cities begin to Increase, while Inventory Continues To Shrink

Both sales and prices of desert homes and condos in several desert cities were on the rise again during the first quarter of 2012 compared to the same period of ?11. Over $608 million of desert property was sold during the first quarter in the five most active desert cities listed below.






Indian Wells: Sales UP +21.05% / Average sales price +11.90% to $917,983


La Quinta: Sales UP +9.35% / Average sales price +3.28% to $588,105


Palm Desert: Sales UP +3.45% / Average sales price +1.93% to $455,488


Palm Springs: Sales UP+2.07% - Average sales price -1.93% to $428,130


Rancho Mirage: Sales DOWN -4.26% - Average sales price -7.96% to $578,496


Indio: Sales DOWN -9.46% - Average sales price +2.09% to $308,879

2012 1st. Quarter Sales Volume By Price Segment Versus those of 2011's 1st. Quarter


Homes sold from $200,000 to $399,999: +3.14%


$400,000 to $599,999: +1.92%


$600,000 to $799,999: -1.81%


$800,000 to $999,999: +4.35%


$1M to $1,499,999: +29.90%


$1.5M to $1,999,999: +9.10%


$2 Million and greater: +15.65%


Data Source: Desert Area MLS sales of homes and condos sold in the first quarter of 2012 compared to 2011 in the cities of Indian Wells, Rancho Mirage, Indio, La Quinta, Palm Desert and Palm Springs. Data extrapulated from numerous reliable sources.


Disclosure: Data is deemed to be accurate but cannot be guaranteed.

The Desert's Home & Condo Inventory Drops To 3.85 Month Supply - the Lowest in Several Years.

Seeing declining inventories, several optimistic local and national new-home developers, especially in La Quinta, have either broken ground or are considering purchasing land and lots and building new homes again. Builders such as Lennar with the Bridges at Jefferson, Sedona Homes at The Hideaway and RJT Homes with Cordoniz . In January alone, builders took out over 200 building permits in Riverside County, which is more than the entire last six months of 2011.

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