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Wednesday, November 6, 2024

Coachella home prices fall in the second quarter of 2019

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The median sale price of a home sold in the second quarter of 2019 in Coachella fell by $2,500 while total sales decreased by 22.4%, according to BlockShopper.com.

From April through June of 2019, there were 52 homes sold, with a median sale price of $247,500 - a 1% decrease over the $250,000 median sale price for the same period of the previous year. There were 67 homes sold in Coachella in the second quarter of 2018.

The median sales tax in Coachella for the most recent year with available data, 2016, was $3,148, approximately 1.3% of the median home sale price for the second quarter of 2019.

The following table compares Coachella to other Riverside County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Lakeland Village2223-4.3%$297,000$290,0002.4%
Homeland 610-40%$278,500$327,500-15%
Hemet525551-4.7%$270,000$265,0001.9%
Thousand Palms1219-36.8%$269,500$236,50014%
White Water 3250%$261,500$334,000-21.7%
Coachella5267-22.4%$247,500$250,000-1%
Banning92117-21.4%$242,500$240,0001%
Desert Hot Springs187232-19.4%$223,000$210,2506.1%
Cabazon 813-38.5%$206,500$165,00025.2%
Mecca 5425%$168,000$129,00030.2%
Thermal21100%$137,500$85,00061.8%

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