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Thursday, November 7, 2024

Coachella home prices rise in February 2019

Realestate2

The median sale price of a home sold in February 2019 in Coachella rose by $32,500 while total sales decreased by 18.8%, according to BlockShopper.com.

In February 2019, there were 13 homes sold, with a median sale price of $263,000 - a 14.1% increase over the $230,500 median sale price for the same period of the previous year. There were 16 homes sold in Coachella in February 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 February 2019.

The following table compares Coachella to other Riverside County cities with similar median sales prices in February 2019:

CityFeb. 2019 Home SalesFeb. 2018 Home Sales% change (Total Home Sales)Feb. 2019 Median Sales PriceFeb. 2018 Median Sales Price% change (Median Sales Price)
Cherry Valley 330%$288,000$267,0007.9%
San Jacinto423520%$286,750$255,00012.5%
Homeland 10-$280,000$0-
Lakeland Village69-33.3%$274,500$295,000-6.9%
Sun City 20-$270,000$0-
Coachella1316-18.8%$263,000$230,50014.1%
Thousand Palms36-50%$250,000$152,50063.9%
Hemet1211137.1%$250,000$252,500-1%
Banning2024-16.7%$247,000$250,250-1.3%
White Water 46-33.3%$236,500$206,00014.8%
Desert Hot Springs60575.3%$205,000$205,0000%

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