Q2 2015 MARKET REPORT COACHELLA VALLEY

LUXURY REPORT

Coachella Valley Luxury is a Buyer’s market! The number of for sale listings was up 16.8% from one year

earlier and down 5% from the previous quarter. The number of sold listings decreased 19.1% year-over-year

and the same quarter-over-quarter. The Months of Inventory based on Closed Sales is 15.6, up 44.6% from the

previous year. The Average Sold Price also increased by 11.9% from last quarter. With inventory still very high,

the Coachella Valley Luxury market gives Buyers the upper hand.

As we head into the heat of the summer season, the Coachella Valley Luxury housing market is beginning to

sizzle. For 4 consecutive years, the market has increased in activity. This year is continuing the trend, with

strong sales across the market through the end of June, setting the stage for a hot summer for luxury real

estate in the Coachella Valley. The price point starting at $1.5 million and above is improving year-over-year

and currently very active, especially in the west end of the valley, with many buyers coming from the coastal

markets of Los Angeles, Orange County, and San Diego to find a high-end desert escape.

MLS#: 215014716

COACHELLA VALLEYQ2 2015 LUXURY REPORT

See Active Premier Listings

*All reports are published July 2015, based on data available at the end of June 2015, except for the today stats. All reports presented are based on data supplied by the Desert AOR,CARETS,and Sandicor MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity.

Q2 2015 MARKET REPORT COACHELLA VALLEY

LUXURY REPORT

LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD

5M-5.999M SALES Q2 2015 Q1 2015 Q2 20141 0 05,625,000 0 0

0 00 00 00 00 00 036.4t 36.4t

148 0 090.7% 0% 0%562.5 0 025 0 07 11 11

%CHG Q %CHG YR

LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD

6M-6.999M SALES Q2 2015 Q1 2015 Q2 20142 1 16,350,000 6,350,000 6,425,000

100.0s 100.0s

0 1.2t

22.1t 75.0t

2.6s 2.8s

15.3s 4.1t

50.0t 40.9t

15.4t 10.0s

102 131 40894.5% 92.1% 91.9%861.1 747.1 897.519.5 39.0 3311 13 10

%CHG Q %CHG YR

LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD

7M-7.999M SALES Q2 2015 Q1 2015 Q2 20141 0 17,950,000 0 7,700,000

0 00 3.2s

0 160.0s

0 5.6t

0 2.5s

0 28.6s

37.5t 150.0s

65 0 2590.9% 0% 96.3%968.0 0 944.418 0 145 8 2

%CHG Q %CHG YR

LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD

8M-8.999M SALES Q2 2015 Q1 2015 Q2 20140 0 10 0 8,900,000

0 100.0t

0 100.0t

0 100.0t

0 100.0t

0 100.0t

0 100.0t

100t 100.0t

0 0 240% 0% 100.0%0 0 1,017.10 0 6.00 1 1

%CHG Q %CHG YR

LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD

3M-3.999M SALES Q2 2015 Q1 2015 Q2 20145 8 73,293,800 3,265,600 3,315,900

37.5t 28.6t

0.9s 0.7t

27.3s 22.3s

2.6s 4.2s

12.2s 10.4s

53.8s 76.3s

26.4t 20.5s

252 198 20693.6% 91.2% 89.8%595.5 530.6 539.338.6 25.1 21.953 72 44

%CHG Q %CHG YR

LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD

4M-4.999M SALES Q2 2015 Q1 2015 Q2 20144 2 54,506,300 4,375,000 4,369,000

100s 20.0t

1.6s 3.1s

29.9t 69.8t

7.8t 2.5t

1.0s 42.8s

45.5t 31.9s

12.5t 3.7s

155 221 51487.1% 94.5% 89.3%743.5 736.1 520.524.8 45.5 18.828 32 27

%CHG Q %CHG YR

LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD

1M-1.499M SALES Q2 2015 Q1 2015 Q2 201485 79 1001,225,300 1,202,800 1,213,800

7.6s 15.0t

1.9s 0.9s

6.7t 16.3t

0.8s 2.3s

7.1s 9.1s

14.4t 29.9s

20.3t 10.5s

139 149 16695.1% 94.3% 93.0%334.2 312.0 306.411.3 13.2 8.7283 355 256

%CHG Q %CHG YR

LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD

1.5M-1.999M SALES Q2 2015 Q1 2015 Q2 201448 38 301,702,300 1,702,300 1,667,400

26.3s 60.0s

0.3t 2.1s

24.6t 10.7t

0.1t 2.0s

10.0s 5.9s

27.0t 31.5t

23.1t 13.3s

175 232 19693.0% 93.1% 91.2%382.2 347.5 361.011.1 15.2 16.2153 199 135

%CHG Q %CHG YR

LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD

2M-2.499M SALES Q2 2015 Q1 2015 Q2 201416 11 242,179,100 2,179,100 2,228,500

45.5s 33.3t

2.2t 2.2t

2.6s 32.8t

2.8s 0.3t

6.9t 4.2t

37.1t 49.4s

11.4t 10.7s

160 156 23891.2% 88.7% 91.5%451.8 485.4 471.612.4 19.7 8.362 70 56

%CHG Q %CHG YR

LISTING INVENTORYMONTHS TO SELL INVENTORYAVERAGE PRICE PER SFAVERAGE SP/AVERAGE LPAVERAGE DAYS ON MARKETAVERAGE SALE PRICEUNITS SOLD

2.5M-2.999M SALES Q2 2015 Q1 2015 Q2 20148 6 52,640,600 2,695,000 2,649,000

33.3s 60.0s

2.0t 0.3t

14.1t 93.2s

0.5s 1.1t

6.9s 3.9t

34.9t 34.1t

33.8t 4.4t

170 198 8893.4% 92.9% 94.4%507.5 474.8 528.321.6 33.2 32.843 65 45

%CHG Q %CHG YR

Units  Sold 71 40 73 34 49 34 48 16 23 15 35 17 30 20 39 20 46 29 47 16 38Average  Sold  Price 1,650,000 1,756,000 1,871,000 1,640,000 1,719,000 1,833,000 2,016,000 1,706,000 1,867,000 1,614,000 1,699,000 1,773,000 1,635,000 1,917,000 1,649,000 1,884,000 1,814,000 1,568,000 1,865,000 1,760,000 1,943,000

0  

10  

20  

30  

40  

50  

60  

70  

80  

0  

500,000  

1,000,000  

1,500,000  

2,000,000  

2,500,000  

Average  Sold  Price  

Units  Sold  

1M+ 10 YEAR HISTORY

20152014201320122011201020092005 2006 2007 2008

AVERAGE NUMBEROF SALES

AVERAGE SALES PRICE

For statistics on the luxury market starting at $9+M,please contact your local Windermere agent.