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Wednesday, November 6, 2024

Rancho Mirage home prices fall in April 2019

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The median sale price of a home sold in April 2019 in Rancho Mirage fell by $72,000 while total sales decreased by 11.7%, according to BlockShopper.com.

In April 2019, there were 91 homes sold, with a median sale price of $493,000 - a 12.7% decrease over the $565,000 median sale price for the same period of the previous year. There were 103 homes sold in Rancho Mirage in April 2018.

The median sales tax in Rancho Mirage for the most recent year with available data, 2016, was $5,817, approximately 1.2% of the median home sale price for April 2019.

The following table compares Rancho Mirage to other Riverside County cities with similar median sales prices in April 2019:

CityApr. 2019 Home SalesApr. 2018 Home Sales% change (Total Home Sales)Apr. 2019 Median Sales PriceApr. 2018 Median Sales Price% change (Median Sales Price)
Indian Wells3236-11.1%$1,180,000$667,00076.9%
Norco221457.1%$622,500$640,500-2.8%
Mountain Center 28-75%$597,000$302,00097.7%
Colton 51400%$545,000$323,00068.7%
Corona223242-7.9%$520,000$510,0002%
Rancho Mirage91103-11.7%$493,000$565,000-12.7%
Mira Loma 201811.1%$485,045.50$421,50015.1%
La Quinta166180-7.8%$475,000$425,00011.8%
Temecula175179-2.2%$474,500$450,0005.4%
Palm Springs167188-11.2%$455,000$410,50010.8%
Winchester 3743-14%$437,500$396,00010.5%

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