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La Quinta, Ca. real estate market continues to improve in June 2012
For June 2012 there were 156 homes sales in La Quinta, Ca. This is a 2.5% drop in number of sales from June 2011, but the median price rose 11% to $303,000.
The highest priced home sold was $3,340,000.
The median price per square foot roose 13% to $152 per square foot.
Inventory for homes sale is low, As home inventories have dropped, competition has increased for quality, well-priced homes, and that is driving up prices.
Also, many sales are for regular sale homes - not distressed properties such as foreclosures and short sales.
There are still many homes where the owners owe more than the home is worth, but many are still trying to hang on in hopes that prices will continue to rise.
This is truly a great time to buy - sell - invest in La Quinta, Ca.
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