Coachella Valley Home Sales Up 10.5% In January Thanks to The Season

March 19, 2010

in News

Coachella Valley Home Sales Up 10.5% In January Thanks to The Season

The Coachella Valley’s “season” of postcard-perfect weather and tourism helped propel a jump in existing home sales 10.5 percent in January while prices rose 17.4 percent over January 2009, the California Desert Association of Realtors reported today. “Desert sales continue to outperform the state as a whole. Most likely an indication that the desert ‘season’ is providing a boost compared to other areas,” said Greg Berkemer, executive director of the California Desert Association of Realtors. “Desert prices continue to move upward. The lower priced homes are selling off. Buyers simply waiting for lower prices may be well advised to enter the market now.” The median price of an existing home in the Coachella Valley was $179,760 in January, up 4.3 percent from December and 17.4 percent from January 2009. Sales were up 25 percent over December 2009. [Read this article]

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