Cathi & Ben Walter's Market Report
La Quinta, CA 92253
Single-Family Homes
760.218.5752 | Cathi@DesertAreaHomeFinder.com
La Quinta, CA 92253
Wed Jul 06 2022
This week the median list price for La Quinta, CA 92253 is $850,000 with the market action index hovering around 49. This is less than last month's market action index of 57. Inventory has increased to 208.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
Real-Time Market Profile
| Median List Price | $850,000 | |
| Median Price of New Listings | $762,500 | |
| Per Square Foot | $412 | |
| Average Days on Market | 42 | |
| Median Days on Market | 28 | |
| Price Decreased | 44% | |
| Price Increased | 1% | |
| Relisted | 6% | |
| Inventory | 208 | |
| Median Rent | ||
| Market Action | 49 | |
| Strong Seller's Market | ||
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,981,500 | 4,296 | 0.25 - 0.5 acre | 4 | 4.5 | 17 | 3 | 5 | 31 |
| $1,100,000 | 2,592 | 8,000 - 10,000 sqft | 3 | 3 | 22 | 5 | 5 | 28 |
| $750,000 | 2,035 | 8,000 - 10,000 sqft | 3 | 2 | 25 | 12 | 7 | 28 |
| $559,950 | 1,605 | 4,500 - 6,500 sqft | 3 | 2 | 29 | 8 | 7 | 21 |