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Local and National Real Estate News
January 2, 2005, The Desert Sun The Coachella Valley's median home sales price hit a record $400,000 in November, a 23 percent increase from a year ago propelled by buyers of high-end second homes and retirement residences. See the full article... November 23, 2005, The Desert Sun Coachella Valley real estate prices held firm in October, with the median sales price of $375,000 matching September's figure, according to data released Tuesday by research firm DataQuick Information Systems. The total 1,036 properties sold during the month was down 17.2 percent from a year ago. However, fulfilling local experts' projections of a soft landing for the market, the overall year-over-year appreciation rate was 17.6 percent, as the valley remained popular with buyers from coastal regions where prices are higher. That appreciation is down from 28.6 percent seen a year ago and the peak 33.5 percent posted in the second quarter of 2004, but still beats the latest Southern California average of 15.4 percent, according to DataQuick. See the full article... |
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