Last week I reported that both sales and prices of desert homes and condos were on the rise again. Today let’s drill down into those sales numbers a bit further to see ‘where the action is’ in different price segments.
I had our number crunchers take last Friday’s sales numbers and break them down by price segment and what we discovered is that sales at the higher end really took off in the first quarter of 2012 versus the same period of ‘11.
Price segments from $200,000 and higher showed modest sales gains, while sales at $800,000 and greater literally took off! Here’s the breakdown:
2012 First Quarter Sales Volume By Price Segment Versus 2011
- Homes sold from $200,000 to $399,999: +3.14%
- $400,000 to $599,999: +1.90%
- $600,000 to $799,999: -1.83%
- $800,000 to $999,999: +4.55%
- $1M to $1,499,999: +30.30%
- $1.5M to $1,999,999: +9.09%
- $2 Million and greater: +15.79%
Data Source: Desert Area MLS sales of homes and condos sold in the first quarter of 2012 compared to 2011 in the cities of La Quinta, Palm Desert, Indian Wells, Rancho Mirage, Indio and Palm Springs. Data compiled by Sheri Dettman & Associates©. Disclosure: Data is deemed to be accurate but cannot be guaranteed.