The Munselle Group

Rancho Mirage, CA 92270

Condos/Townhomes

www.themunsellegroup.com| 760-772-2411



Rancho Mirage, CA 92270

Mon Nov 11 2019
This week the median list price for Rancho Mirage, CA 92270 is $395,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 99. Click here to stay informed with the Rancho Mirage market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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.

Rancho Mirage, CA 92270

Mon Nov 11 2019
This week the median list price for Rancho Mirage, CA 92270 is $395,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 99. Click here to stay informed with the Rancho Mirage market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 Rancho Mirage market.
Median List Price $395,000
Per Square Foot $212
Days on Market 105
Price Decreased 29%
Price Increased 0%
Relisted 7%
Inventory 99
Median Apartment Rent $4,000
Most Expensive $1,099,000
Least Expensive $168,000
Market Action Index
Slight Seller's Advantage
38

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$534,950 2,539 4,500 - 6,500 sqft 3 3 35 0 1 66
$429,950 2,100 0 - 4,500 sqft 3 2 41 3 1 117
$370,000 1,681 0 - 4,500 sqft 3 2 42 2 4 97
$270,000 1,384 0 - 4,500 sqft 2 2 42 2 2 136