July Home Prices Rise For Seventh Consecutive Month Says California Desert Association of REALTORS®

August 22, 2013

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PALM DESERT, CA – August 22, 2013 – (RealEstateRama) — The median price of an existing home in the Coachella Valley rose $80,000 in July over July 2012 , the seventh consecutive home sales increase in this year, the California Desert Association of REALTORS® reported today.<span id="more-2659"></span></p> <p>The median sale price of single family homes was $310,000 in July up from $230,000 for the same month last year. Condos also saw a median price boost from $199,000 last year to $210,000 in July 2013. Total sales units for the month were up for condos with 251 units sold in July compared to 208 in July 2012.</p> <p>As in recent months, single family homes saw a decrease in volume from 603 homes sold in July 2012 compared to 522 homes sold last month.</p> <p>“Prices continue to rise and sales numbers to fall, mainly due to the shortage of homes for sale which fell to an inventory of 1,950 in July. That’s a 3.75 month’s supply which by tradition would make it a seller’s market,” said Ann Ritchie, executive vice president of California Desert Association of REALTORS®. “Prices have softened a little from May, but that is normal in the summer here because summer traditionally is our off season.”</p> <p>The inventory of single family homes continued to decline in July over June. There were 1,950 single family homes and 866 condos for sale in July compared to 2,046 single family homes and 923 condos in June.</p> <p>Distressed properties including both short sales and foreclosures continued to fall. They accounted for 13 percent of July sales this year compared to 36 percent in July 2012. Condos also saw a reduction in distressed sales with only 11 percent falling into this category in July of this year compared to 28 percent in July 2012.</p> <p>The July 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.</p> <p>The California Desert Association of REALTORS®, The Voice for Real Estate® in the Coachella Valley, represents more than 3,000 real estate professionals from Palm Springs to Coachella. REALTORS® hold themselves to a higher standard yet only about a quarter of California licensed real estate agents are REALTORS®. You can be sure you’re working with a REALTOR® by visiting us online at <a href="http://www.CalDesertRealtors.org" target="_blank">www.CalDesertRealtors.org</a>. For more information, please call (760) 346-5637 or visit online at <a href="http://www.CalDesertRealtors.org" target="_blank">www.CalDesertRealtors.org</a></p> <p>CONTACT:<br /> Ann Ritchie, Executive Vice President<br /> (760) 346-5637<br /> (Media) John Hussar<br /> PRNewsWorks (760) 567-8073<br />+</p>  <script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><div class="td-g-rec td-g-rec-id-content_bottom"> <script type="text/javascript"> var td_screen_width = document.body.clientWidth; if ( td_screen_width >= 1024 ) { /* large monitors */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || []).push({}); } if ( td_screen_width >= 768 && td_screen_width < 1024 ) { /* portrait tablets */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" 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Grace F. Napolitano (D-El Monte), issued the following statement after the Trump administration announced a new proposal—claiming it to be pro-industry—which would weaken federal clean water rules, putting at risk the health and safety of millions of Americans </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/flood-protection-and-water-storage-ID09937.html" rel="bookmark" title="Flood Protection and Water Storage">Flood Protection and Water Storage</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/realestaterama-2">RealEstateRama</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-07-04T03:31:39+00:00" >July 4, 2019</time></div> </div> </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/senators-include-legal-protections-for-military-families-in-privatized-housing-in-defense-bill-ID09930.html" rel="bookmark" title="Senators: Include Legal Protections for Military Families in Privatized Housing in Defense Bill">Senators: Include Legal Protections for Military Families in Privatized Housing in...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/realestaterama-2">RealEstateRama</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:24:14+00:00" >April 1, 2019</time></div> </div> </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/mccarthy-introduces-legislation-to-repurpose-high-speed-rail-funding-to-water-infrastructure-projects-ID09929.html" rel="bookmark" title="McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure Projects">McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/congressman-kevin-mccarthy">Congressman Kevin McCarthy</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:20:36+00:00" >April 1, 2019</time></div> </div> </div> </div> </div> </div></div> <aside class="widget widget_archive"><div class="block-title"><span>Government & Nonprofit Press Release Archive</span></div> 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