Market reports may not be the most exciting thing to write about but if you're planning on buying or selling in a particular area they can come in handy so that you know how to price your home and how to make sure you're not spending too much if you're buying.
This Palm Desert market report is for October, 2015 or heading into the fourth quarter of the year for homes, condominiums and townhouses throughout the Palm desert area. There are roughly 900 to 1200 properties for sale currently listed on the MLS. The difference is several may be pending, expired, or potential listings depending on where the property sits in the foreclosure status.
The median list price is $360,000. The median list price per square foot is $201. The median sales price is between $300,000 and $315,000. The average down payment is about 25% and over the last 90 days there have been over 350 homes sold. The average price per square foot is $176.
The average list price is $389,000. The median sales price has gone up nearly 8% over last year or about $20,000. The lowest priced property is a vacant lot of around $7500. However the first home is around $10,000 for a condominium and a single-family manufactured home start about $33,000. Single-family homes that are not manufacturers are currently starting about $130,000.
The highest priced home in Palm Desert is a home on Kovenish Ct at $6,795,000. There are currently two properties in the $6 million range and one in the $4 million range, one in a $3 million range and several within the $2 million range for luxury estates on large lots.
Pricing your home to sell takes the experience and the research of a qualified Palm Desert real estate agent. Not only do I look at current sales but I look at past sales over the last 3 to 6 months to determine the best price at which to price your home. By determining previous sales and current sales we can list your home at a competitive price of that you get the right buyers in the door and offers on the table quickly. Because of my experience and proven techniques, we can get more offers faster than many of my competition.
If you're looking and buying a property in Palm Desert, being a listing agent can also be quite a benefit as I know how sellers work, I know how to negotiate with listing agents and can help you get your terms and your price.
Give me a call today! 760-799-8460
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