Cathi & Ben Walter's Market Report

La Quinta, CA 92253

Single-Family Homes

www.DesertAreaHomeFinder.com | 760-218-5752 | Cathi@DesertAreaHomeFinder.com



La Quinta, CA 92253

Tue Oct 15 2019
This week the median list price for La Quinta, CA 92253 is $729,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 443. Click here to stay informed with the La Quinta market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

La Quinta, CA 92253

Tue Oct 15 2019
This week the median list price for La Quinta, CA 92253 is $729,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 443. Click here to stay informed with the La Quinta market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the La Quinta market.
Median List Price $729,000
Per Square Foot $267
Days on Market 187
Price Decreased 28%
Price Increased 4%
Relisted 15%
Inventory 443
Median House Rent $4,000
Most Expensive $8,950,000
Least Expensive $238,600
Market Action Index
Slight Seller's Advantage
32

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,087,500 4,781 0.25 - 0.5 acre 4 4 15 15 5 272
$899,000 3,047 0.25 - 0.5 acre 3 3 17 10 8 231
$595,000 2,543 8,000 - 10,000 sqft 3 3 17 10 5 142
$379,000 1,734 4,500 - 6,500 sqft 3 2 19 22 15 101