As of July 31 there are 132 active listings from a "Short Sale" (pre- foreclosure) listed at $240,000 for a Christofle to $1,015,000 for a Marseille on a privacy lot.
There were 12 pending sales in July from $205,000 for 1128 sq. ft. to $675,000 for a Monterey on a privacy lot (2439. sq. ft.)
There were 9 closed sales from $250,000 for a California Casual (110 sq. ft) to $525,000 for a Victoria (2430 sq. ft. )
The average price per sq. ft of closed sales was 196.98 and the average price was $376,000
Of the closed sales 5 were under $350,000 a 4 were between $430,000-525,000.
Of interest: In Palm Desert : # of sales Average sales price
Jan. to June 2007 382 $559,639
Jan. to June 2008 567 $472,209
In Sun City Palm Des. 127 $448.720
119 $408.071
Thursday, July 31, 2008
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