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Thursday, November 7, 2024

Coachella home prices rise in the first quarter of 2019

Realestate2

The median sale price of a home sold in the first quarter of 2019 in Coachella rose by $15,500 while total sales decreased by 10.3%, according to BlockShopper.com.

From January through March of 2019, there were 52 homes sold, with a median sale price of $254,000 - a 6.5% increase over the $238,500 median sale price for the same period of the previous year. There were 58 homes sold in Coachella in the first quarter of 2018.

The median sales tax in Coachella for the most recent year with available data, 2016, was $3,148, approximately 1.2% of the median home sale price for the first quarter of 2019.

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

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Sun City 23-33.3%$270,000$390,000-30.8%
Lakeland Village1921-9.5%$270,000$270,0000%
Cherry Valley 1116-31.3%$262,000$296,500-11.6%
Thousand Palms1020-50%$257,500$217,50018.4%
Hemet393408-3.7%$255,000$255,0000%
Coachella5258-10.3%$254,000$238,5006.5%
Banning7984-6%$248,000$225,00010.2%
White Water 770%$245,000$200,00022.5%
Desert Hot Springs163180-9.4%$210,000$205,0002.4%
Cabazon 6450%$192,500$137,50040%
Anza 125140%$186,000$210,000-11.4%

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