Local Prices Continue to Rise

Coachella Valley's decline not as big as county, other regions.

Published in The Desert Sun: Michael Perrault Oct. 2, 2007

Home sales across the Coachella Valley fell 25 percent in August compared with the same month last year, though the median price edged up, a new report shows.

The valley wide median price rose to $390,000 in August, a 1 percent increase compared with August 2006, La Jolla-based real estate information firm DataQuick Information Systems reported Monday. In a separate report, the California Desert Association of Realtors and California Association of Realtors - which compiles monthly sales and price statistics somewhat differently from DataQuick - showed the valley's median price was up 6.4 percent from a year ago to $377,920, while sales volume tumbled 16.8 percent.

For full information on the article CLICK HERE.

Pacific Union GMAC Real Estate is the desert area's exclusive affiliate of Christie's Great Estates and serves the real estate needs of Palm Springs, Rancho Mirage, Palm Desert, Indian Wells and La Quinta.