Home Prices in Indio CA for December 2012
Real estate market data for Indio, CA provided by Tina Droessler of Today's Realty Group.
Indio Home Prices
Hot, hot, hot! That is the only word that describes Indio's real estate market. Known as one of the best areas to buy a newer home for under $200,000, it is becoming harder and harder to find such a deal. With the low levels of inventory, we are definitely seeing prices increase. Even new bank owned listings on the market are seeing an increase in list price. For home buyers who haven't bought yet, I wouldn't wait any longer because although prices are increasing, interest rates are still low. An increase in interest rates will effect how much you can afford to buy even more so. You will also want to team up with an experienced local Realtor who will negotiate on your behalf.
For traditional seller's, it's a good time to take advantage of the market. This may be a limited opportunity of such low supply.
Indio Real Estate Report Summary
The medium list price in December for single family homes in the 92203 zip code of Indio was $267,900. The list price increased by 7.87% from the previous month.
The price per square foot for listings in this area was $142.
The chart reflects the sharp increase selling prices starting around the end of August. It also reflects the multiple offers properties are receiving and thus higher than list price sales.
Find Homes for Sale in Indio CA
Visit my website to search for homes in Indio or to be notified when Indio homes come on the market.
To find out what your home is worth in the current market email me or call 760-799-8460.