This week the median price in 92211 was $334,000. The inventory is up and Market Action is trending down recently. While days on the market appears trending lower, the overall conditions are weakening a bit.
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general .
Local conditions are currently quite strongly in the Buyer's Market .
As an aside, a friend started the process of refinancing and their lender told them they were lucky because SCPD is in a stable market.
This blog centers around current community information for the areas of Palm Desert, Sun City Palm Desert, Sun City Shadow Hills, Heritage Palms, La Quinta, and Trilogy.
Tuesday, January 13, 2009
Monday, January 5, 2009
Sun City Stats for December
There are 187 active listings from $215,000 for a Villa to $1,025,000 for a Marseille on a double golf course lot.
There were 2 pending sales last month--one an Opal @ $249,000--1548 sq. ft. and $369,900 for a Cayman at 1632 sq. ft.
There were 9 closed escrows ( probably sold before the financial debacle) from $205,000 for a Hummel (not a short sale or an REO) 1128 sq. ft--sold ro $205,000 to $440,000 for an expanded Monaco-2323 sq. ft.
There were 2 pending sales last month--one an Opal @ $249,000--1548 sq. ft. and $369,900 for a Cayman at 1632 sq. ft.
There were 9 closed escrows ( probably sold before the financial debacle) from $205,000 for a Hummel (not a short sale or an REO) 1128 sq. ft--sold ro $205,000 to $440,000 for an expanded Monaco-2323 sq. ft.