Coachella Valley Home Sales, Median Price Heats Up In June,

FOR IMMEDIATE RELEASE CONTACT:

July 19, 2019 Scott Newton, CDAR President

( 760) 346-5637

With City by City Sales Chart

(Media) John Hussar

PRNewsWorks (760) 567-8073

Existing Home Sales, Median Price Heats Up In June, Says California Desert Association of REALTORS®

PALM DESERT (Calif.) –Existing single-family homes sales and median price, as well as the median price of condominiums got as hot as the temperatures in June, the California Desert Association of REALTORS® reported today.

Sales of existing homes rose to 651 in June, up from 622 in June 2018. The median sales price of existing homes was $424,900 in in June, up from $399,000 in June 2018 the CDAR monthly report showed.

More good news is that the median sales price of condominiums was $289,000 in June up from $267,500 in June 2018. Sales dipped last month at 276 compared to 320 in June 2018.

“The desert real estate market in the first month of this summer is strong, healthy and active,’’ said Scott Newton, president of the California Desert Association of REALTORS®. “The June numbers are reflecting a more stable year-round economy for the desert.”

The June inventory of available existing single-family homes was 3,921 and 1,183 available condos, compared to 3,008 existing homes and 1,376 condos in June 2018.

The June statistics, including median and average sale prices, are based on the industry standard Multiple Listing Service in tracking sales for buyers and sellers. This report reflects sales in Bermuda Dunes, Cathedral City, Coachella, Desert Hot Springs, Indio, Indian Wells, La Quinta, Palm Desert, Palm Springs and Rancho Mirage. Here is the City by City breakdown of sales of existing homes and condos:

The California Desert Association of REALTORS^{®, The} Trusted Source for Real Estate in the Desert Communities, represents more than 3,700 real estate professionals from Palm Springs to Blythe. REALTORS® hold themselves to a higher standard via the National Association of REALTORS®’ Code of Ethics, yet only about a quarter of California licensed real estate agents are REALTORS®. For more information – or to verify you’re working with a REALTOR® – visit www.CDARonline.orgor call (760) 346-5637. ###