Mon May 17 2021
This week the median list price for Indian Wells, CA 92210 is $3,347,500 with the market action index hovering around 53. This is an increase over last month's market action index of 51. Inventory has decreased to 32.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$3,347,500|
|Median Price of New Listings||$3,397,500|
|Per Square Foot||$546|
|Average Days on Market||271|
|Median Days on Market||175|
|Strong Seller's Market|
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$7,997,500||10,212||1 - 2.5 acres||5||7||16||0||0||339|
|$4,075,000||6,640||0.5 - 1 acre||5||6||17||1||1||322|
|$2,316,500||4,529||0.25 - 0.5 acre||4||4||11||1||4||94|
|$984,500||3,321||0.25 - 0.5 acre||3||3||33||0||4||66|