I’m not surprised but you may be. I’ve mentioned this in several of my blogs this year. Luxury home sales (those over $1 million) continue to be fairly substantial. In fact sales of luxury homes here in the desert totaled an impressive $241 million during the last six months!
This almost one quarter billion in sales was the result of 152 luxury properties being sold. Could the coming winter weather for much of North America be helping? How about large discounts on luxury properties or maybe both?
29 Pending Luxury Sales Today
Today our local Desert Area MLS system shows 29 pending sales of desert homes that were listed between $1 million and $4.9 million. The average list price is $1.6 million with an average price per square foot of $367. The average size is 4,869 square feet and these homes range from 2,644 to 25,447 square feet in size.
If you guessed that most of these luxury properties are located in golf and country club communities you’d be correct. Here’s where most of these 29 pending sales are located:
- Andalusia, La Quinta
- Bighorn Golf Club, Palm Desert
- Hideaway Golf Club, La Quinta
- Ironwood Country Club, Palm Desert
- Old Las Palmas, Palm Springs (non golf community)
- PGA West, La Quinta
- Tradition Golf Club, La Quinta
- Toscana Country Club, Indian Wells