Cathi & Ben Walter's Market Report

Rancho Mirage, CA 92270

Single-Family Homes

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



Rancho Mirage, CA 92270

Tue Oct 15 2019
This week the median list price for Rancho Mirage, CA 92270 is $749,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 265. 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

Tue Oct 15 2019
This week the median list price for Rancho Mirage, CA 92270 is $749,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 265. 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 $749,000
Per Square Foot $261
Days on Market 180
Price Decreased 36%
Price Increased 5%
Relisted 16%
Inventory 265
Median House Rent $3,495
Most Expensive $12,995,000
Least Expensive $35,000
Market Action Index
Slight Seller's Advantage
31

In the last few weeks we’ve seen prices in this zip code bouncing 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
$1,999,500 4,894 0.5 - 1 acre 4 4 19 6 4 270
$943,500 3,526 0.25 - 0.5 acre 3 3 18 8 5 165
$639,450 2,724 8,000 - 10,000 sqft 3 3 23 6 4 149
$499,000 2,261 6,500 - 8,000 sqft 3 2 38 9 6 135