Coachella Valley home sales rose 9.4% in September compared to September 2010, outpacing home sales throughout other parts of Southern California, a new report from Data-Quick Information Systems shows.
The valley's strength as a second-home market continues to help drive sales. One positive sign was that the percentage of distressed sales continues to fall, said Greg Berkemer, executive vice president of the California Desert Association of Realtors. “A recovering market needs to see that continue every month,” said Berkemer, noting, “The desert had a better-than-expected summer.”
Since January of this year, 8,399 valley homes and condos have sold in the Palm Springs area desert communities. That’s nearly 5% more than in the first nine months of the previous year of 2010, DataQuick reported. The Coachella valley is on track to see more than 10,000 home and condo sales this year.
Monthly Sales By City Zip Code: September 2011 versus 2010
- Palm Desert (zip code 92211) +60.9%
- La Quinta (92253) +34.1%
- Indio/Bermuda Dunes (92203) +11.7%
- Palm Desert (92260) +10%
- Cathedral City (92234) +4.2%
- Palm Springs (92262) +1.4%
- Indian Wells (92210) +0%
- Rancho Mirage (92270) -11.3%
- Palm Springs (92264) -9.1%