The chart below shows the home sales activity in the neighborhood for the month of September 2020 (and the preceding 12 months for comparison).The final selling prices for the month of August ranged from a low of $275,000 for a fixer at 43000 Texas Avenue to a high of $417,500 at 43380 Illinois Avenue.
(My listing at 42985 Texas Avenue was the only 2 bedroom home to sell last month.)
Note that most of the homes are selling at or over their asking prices. Yes, we are seeing multiple offers in the desert! It also becoming common in this market to sell for more than the asking price and then the seller credits the (often first time) buyer for closing costs, netting the asking price for the seller.
If you have any questions, or if you or someone you know is considering buying or a selling a home, do not hesitate to contact me.
To see everything that’s currently for sale in the neighborhood, click here.
| Month | # of homes sold | Average Days on Market | Average ORIGINAL Asking Price | Average FINAL Selling Price | # Sold AT Original Asking Price | # Sold OVER Asking |
| September 2020 | 9 | 53 | $353,544 | $354,500 | 1 | 6 |
| August 2020 | 10 | 53 | $394,870 | $393,390 | 4 | 2 |
| July 2020 | 7 | 43 | $297,628 | $287,571 | 3 | 1 |
| June 2020 | 5 | 44 | $340,360 | $329,900 | 1 | – |
| May 2020 | 6 | 47 | $327,475 | $307,750 | – | 1 |
| April 2020 | 4 | 69 | $359,725 | $359,170 | 3 | – |
| March 2020 | 4 | 71 | $298,225 | $281,500 | 1 | – |
| February 2020 | 6 | 65 | $336,971 | $325,429 | – | – |
| January 2020 | 4 | 24 | $392,125 | $383,500 | – | – |
| December 2019 | 7 | 40 | $324,271 | $312,714 | 1 | 1 |
| November 2019 | 10 | 82 | $334,415 | $313,909 | – | – |
| October 2019 | 5 | 78 | $323,216 | $307,250 | – | 1 |
| September 2019 | 7 | 54 | $342,332 | $339,342 | 2 | – |
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Categories: best places to live, coachella valley, home sales, palm desert country club, Real Estate
Kelley Eling, Realtor 