Palm Springs Real Estate Market Report Oct 2014

8/10/2019 Palm Springs Real Estate Market Report Oct 2014

1/20

Oct-2014

301,000

Oct-2013

281,000

%

7

Change

20,000

Oct-2013 vs Oct-2014: The median so ld price is up 7%Median Sold Price by Month

Desert Dreams Come True, HomeSmart Professionals

Oct-2013 vs. Oct-2014

Kimberly Jones

Clarus MarketMetrics 11/02/2014

Information not guaranteed. 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: CDAR Bedrooms:

All

All

Construction Type:

All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square Footage

Period:All

Cities:

Property Types: : Residential

Palm Desert, Palm Springs, Indio, Indian Wells, Rancho Mirage, La Quinta, Cathedral City, Bermuda Dunes

Price:


2/20

Median Sold Price by MonthOct-2013 vs Oct-2014: The median sold price is up 7%

Desert Dreams Come True, HomeSmart ProfessionalsKimberly Jones

Sold Median Price Units Avg DOMTime PeriodOct-14 301,000 470 117

Sep-14 290,000 379 132

Aug-14 314,750 418 113

Jul-14 322,000 491 125

Jun-14 300,000 543 101

May-14 349,950 620 111

Apr-14 333,459 656 102

Mar-14 340,000 584102

Feb-14 330,000 453 93

Jan-14 320,000 471 95

Dec-13 320,000 514 88

Nov-13 300,500 424 81

Oct-13 281,000 408 88



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3/20

Oct-2013 vs Oct-2014: The median price of for sale properties is up 3% and the median pri ce of sold propert ies is up 7%


Oct-2013 vs. Oct-2014

379,000 3

Kimberly Jones

391,750

Oct-2014

Median For Sale vs Median Sold

ChangeOct-2013 %

12,750

Oct-2013 Oct-2014 %

281,000 7

Oct-2013 vs. Oct-2014

301,000

Change

20,000



1/2

MLS: CDAR Bedrooms:

All

All

Construction Type:



Period:All

Cities:



Price:


4/20

Median For Sale vs Median SoldOct-2013 vs Oct-2014: The median price of for sale properties is up 3% and the median price of sold properties is up 7%


For SaleMedian SoldMedian

For Sale # Properties # PropertiesSold Price DifferenceTime Period

Oct-14 4,680 470391,750 301,000 -90,750

Sep-14 4,147 379379,000 290,000 -89,000

Aug-14 4,002 418375,000 314,750 -60,250

Jul-14 4,184 491379,900 322,000 -57,900

Jun-14 4,470 543390,450 300,000 -90,450

May-14 4,853 620394,000 349,950 -44,050

Apr-14 5,067 656399,000 333,459 -65,541

Mar-14 5,088 584399,000 340,000 -59,000

Feb-14 4,985 453399,000 330,000 -69,000

Jan-14 4,821 471399,000 320,000 -79,000

Dec-13 4,478 514399,000 320,000 -79,000

Nov-13 4,457 424399,000 300,500 -98,500

Oct-13 4,126 408379,000 281,000 -98,000

Clarus MarketMetrics


11/02/201422/


5/20

Oct-2014

470

Oct-2013

408

%

15

Change

62

Oct-2013 vs Oct-2014: The number of Sold properties is up 15%Sold Properties by Month


Oct-2013 vs. Oct-2014

Kimberly Jones



1/2

MLS: CDAR Bedrooms:

All

All

Construction Type:



Period:All

Cities:



Price:


6/20

Sold Properties by MonthOct-2013 vs Oct-2014: The number of Sold properties is up 15%


Time Period

Full Market

Units Median Price Avg DOM

Bank Properties

Units % Bank Median Price

Non-Bank Properties

Units % Non-Bank Median Price

Oct-14 301,000470 117 45 9.6 225,500 425 90.4 310,000

Sep-14 290,000379 132 47 12.4 232,470 332 87.6 317,500

Aug-14 314,750418 113 43 10.3 220,000 375 89.7 326,500

Jul-14 322,000491 125 44 9.0 225,000 447 91.0 330,000

Jun-14 300,000543 101 61 11.2 220,000 482 88.8 314,500

May-14 349,950620 111 49 7.9 206,900 571 92.1 367,000

Apr-14 333,459656 102 42 6.4 197,500 614 93.6 340,500

Mar-14 340,000584 102 48 8.2 239,950 536 91.8 350,000

Feb-14 330,000453 93 36 7.9 175,000 417 92.1 342,200

Jan-14 320,000471 95 49 10.4 204,400 422 89.6 334,450

Dec-13 320,000514 88 68 13.2 191,500 446 86.8 339,500

Nov-13 300,500424 81 53 12.5 236,000 371 87.5 328,000

Oct-13 281,000408 88 57 14.0 204,000 351 86.0 305,000

Clarus MarketMetrics 11/02/2014Information not guaranteed. 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/


7/20

Oct-2014

624

Oct-2013

455

%

37

Change

169

Oct-2013 vs Oct-2014: The number of Under Contract properties is up 37%Under Contract Properties by Month


Oct-2013 vs. Oct-2014

Kimberly Jones



1/2

AllBathrooms: SqFt:

All

: Residential

All Square FootageConstruction Type: Lot Size:CDAR


Period: 1 Year Monthly

Price:

MLS:

All AllAll

Property Types:

Bedrooms:

Cities:


8/20

Under Contract Properties by MonthOct-2013 vs Oct-2014: The number of Under Contract properties is up 37%


Median Price UnitsUnits Median Price% Non-Bank

Full Market

% BankAvg DOMMedian Price

Bank Properties

Units

Non-Bank Properties

Time Period

Oct-14 324,945624 77 339,00088.9555220,00011.169

Sep-14 299,000471 99 304,90089.0419229,40011.052

Aug-14 299,000435 121 319,00087.1379229,99512.956

Jul-14 325,000427 124 338,25085.7366249,90014.361

Jun-14 324,990445 121 333,50092.6412220,0007.433

May-14 327,000557 103 339,00091.9512216,0008.145

Apr-14 349,900635 115 368,00091.5581209,9508.554Mar-14 355,000683 106 374,00093.3637212,4506.746

Feb-14 345,000570 97 355,00092.3526242,4507.744

Jan-14 339,000562 101 349,00091.3513195,0008.749

Dec-13 349,000422 92 375,00086.7366200,00013.356

Nov-13 339,900467 91 354,40490.6423232,5009.444

Oct-13 299,000455 78 313,00087.3397225,00012.758


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9/20

Oct-2014

1,381

Oct-2013

1,116

%

24

Change

265

Oct-2013 vs Oct-2014: The number of New properties is up 24%New Properties by Month


Oct-2013 vs. Oct-2014

Kimberly Jones



1/2

MLS: CDAR Bedrooms:

All

All

Construction Type:



Period:All

Cities:



Price:


10/20

New Properties by MonthOct-2013 vs Oct-2014: The number of New properties is up 24%



Full Market

% BankMedian Price

Bank Properties

Units

Non-Bank Properties

Time Period

Oct-14 394,9001,381 55 4.0 249,900 1,326 96.0 399,000

Sep-14 349,0001,022 65 6.4 249,900 957 93.6 349,950

Aug-14 349,000776 77 9.9 233,000 699 90.1 369,000

Jul-14 345,000733 69 9.4 219,900 664 90.6 350,000

Jun-14 347,500674 61 9.1 239,500 613 90.9 359,900

May-14 337,450822 63 7.7 235,000 759 92.3 345,000

Apr-14 339,900957 75 7.8 235,000 882 92.2 349,250Mar-14 369,000928 55 5.9 244,900 873 94.1 379,000

Feb-14 349,900952 61 6.4 239,900 891 93.6 365,990

Jan-14 369,0001,177 78 6.6 215,000 1,099 93.4 385,000

Dec-13 349,450672 64 9.5 248,450 608 90.5 359,999

Nov-13 399,0001,047 71 6.8 220,000 976 93.2 414,500

Oct-13 382,2001,116 95 8.5 217,000 1,021 91.5 399,000


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11/20

Oct-2014

4,680

Oct-2013

4,126

%

13

Change

554

Oct-2013 vs Oct-2014: The number of For Sale properties is up 13%For Sale Properties by Month


Oct-2013 vs. Oct-2014

Kimberly Jones



1/2

MLS: CDAR Bedrooms:

All

All

Construction Type:



Period:All

Cities:



Price:


12/20

For Sale Properties by MonthOct-2013 vs Oct-2014: The number of For Sale properties is up 13%



Full Market

% BankAvg DOMMedian Price

Bank Properties

Units

Non-Bank Properties

Time Period

Oct-14 391,7504,680 110 249 5.3 250,000 4,431 94.7 399,000

Sep-14 379,0004,147 124 268 6.5 251,850 3,879 93.5 389,900

Aug-14 375,0004,002 134 298 7.4 247,150 3,704 92.6 389,900

Jul-14 379,9004,184 137 325 7.8 249,900 3,859 92.2 395,000

Jun-14 390,4504,470 140 324 7.2 249,000 4,146 92.8 399,900

May-14 394,0004,853 135 343 7.1 249,000 4,510 92.9 399,900

Apr-14 399,0005,067 132 381 7.5 239,900 4,686 92.5 415,000Mar-14 399,0005,088 129 377 7.4 230,000 4,711 92.6 419,306

Feb-14 399,0004,985 124 390 7.8 230,000 4,595 92.2 419,000

Jan-14 399,0004,821 123 396 8.2 229,945 4,425 91.8 419,000

Dec-13 399,0004,478 136 436 9.7 226,500 4,042 90.3 420,000

Nov-13 399,0004,457 128 444 10.0 224,900 4,013 90.0 425,000

Oct-13 379,0004,126 132 483 11.7 225,000 3,643 88.3 399,900


22/


13/20

Oct-2014

519

Oct-2013

261

%

99

Change

258

Oct-2013 vs Oct-2014: The number of Expired properties is up 99%Expired Properties by Month


Oct-2013 vs. Oct-2014

Kimberly Jones

11/02/2014Clarus MarketMetrics 1/2

MLS: CDAR Bedrooms:

All

All

Construction Type:



Period:All

Cities:



Price:


14/20

Expired Properties by MonthOct-2013 vs Oct-2014: The number of Expired properties is up 99%


Median Price Units% BankAvg DOMUnits Median Price

Bank Properties

Units

Non-Bank Properties

% Non-Bank Median Price

Full Market

Oct-14 370,000519 147 36 6.9 249,450 483 93.1 388,000

Sep-14 364,900376 148 22 5.9 304,900 354 94.1 369,499

Aug-14 377,950442 130 39 8.8 220,000 403 91.2 399,000

Jul-14 439,000531 144 43 8.1 319,000 488 91.9 455,000

Jun-14 498,000573 158 35 6.1 189,000 538 93.9 504,999

May-14 437,000500 151 35 7.0 295,000 465 93.0 449,000

Apr-14 399,000401 140 47 11.7 235,000 354 88.3 425,450Mar-14 330,000295 132 25 8.5 215,000 270 91.5 359,950

Feb-14 409,000255 136 24 9.4 194,500 231 90.6 429,000

Jan-14 383,100226 145 18 8.0 264,000 208 92.0 390,500

Dec-13 349,000412 169 62 15.0 197,000 350 85.0 380,950

Nov-13 397,000184 129 28 15.2 225,000 156 84.8 459,250

Oct-13 339,000261 142 52 19.9 219,950 209 80.1 360,000


22/


15/20

Oct-2013 vs Oct-2014: The number of for sale properties is up 13% and the number of sold properties is up 15%


Oct-2013 vs. Oct-2014

4,126 13

Kimberly Jones

4,680

Oct-2014

Supply & Demand by Month

ChangeOct-2013 %

554

Oct-2013 Oct-2014 %

408 15

Oct-2013 vs. Oct-2014

470

Change

62



1/2

MLS: CDAR Bedrooms:

All

All

Construction Type:



Period:All

Cities:



Price:


16/20

Supply & Demand by MonthOct-2013 vs Oct-2014: The number of for sale properties is up 13% and the number of sold properties is up 15%

Kimberly Jones Desert Dreams Come True, HomeSmart Professionals

For Sale Sold

# Properties

Avg DOM Avg DOM

# Properties

Time Period

Oct-14 110 1174,680 470

Sep-14 124 1324,147 379

Aug-14 134 1134,002 418

Jul-14 137 1254,184 491

Jun-14 140 1014,470 543

May-14 135 1114,853 620

Apr-14 132 1025,067 656

Mar-14 129 1025,088 584

Feb-14 124 934,985 453

Jan-14 123 954,821 471

Dec-13 136 884,478 514

Nov-13 128 814,457 424

Oct-13 132 884,126 408


22/

D t D C T H S t P f i lKi b l J


17/20

Oct-2014

77

Oct-2013

78

%

-1

Change

0

Oct-2013 vs Oct-2014: The average days on market is down -1%The Average Days on Market by Month


Oct-2013 vs. Oct-2014

Kimberly Jones


All 1 Year Monthly

Cities:

Period:Price:


11/02/20141/2Clarus MarketMetrics

All Square Footage

Bedrooms: All AllSqFt:

All Lot Size:Bathrooms:AllConstruction Type:

MLS: CDAR

Desert Dreams Come True HomeSmart ProfessionalsKimberly Jones


18/20

The Average Days on Market by MonthOct-2013 vs Oct-2014: The average days on market is down -1%


# UC UnitsAvg DOMTime Period

Oct-14 62477

Sep-14 47199

Aug-14 435121

Jul-14 427124

Jun-14 445121

May-14 557103

Apr-14 635115

Mar-14 683106

Feb-14 57097

Jan-14 562101

Dec-13 42292

Nov-13 46791

Oct-13 45578

Clarus MarketMetrics 2/2 11/02/2014Information not guaranteed. 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

Desert Dreams Come True HomeSmart ProfessionalsKimberly Jones


19/20

Oct-2013 vs Oct-2014: The average months supply of inventory is down -24.0%


Oct-2013 vs. Oct-2014

7.5 -24.0

Kimberly Jones

5.7

Oct-2014

Months Supply of Inventory

ChangeOct-2013 %

-1.8

Clarus MarketMetrics11/02/2014

Information not guaranteed. 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).1/2

MLS: CDAR Bedrooms:

All

All

Construction Type:



Period:All

Cities:



Price:

Kimberly Jones Desert Dreams Come True HomeSmart Professionals


20/20

Months Supply of InventoryOct-2013 vs Oct-2014: The average months supply of inventory is down -24.0%

Kimberly Jones Desert Dreams Come True, HomeSmart Professionals

During MonthLast Day of Month MSI

# Units For Sale # UC Units

UC Avg DOMTime Period

Oct-14 624 773,537 5.7

Sep-14 471 993,300 7.0

Aug-14 435 1213,125 7.2

Jul-14 427 1243,226 7.6

Jun-14 445 1213,452 7.8

May-14 557 1033,796 6.8

Apr-14 635 1154,031 6.3

Mar-14 683 1064,110 6.0

Feb-14 570 974,160 7.3

Jan-14 562 1014,033 7.2

Dec-13 422 923,644 8.6

Nov-13 467 913,806 8.1

Oct-13 455 783,410 7.5



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Palm Springs Real Estate Market Report Oct 2014

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Transcript of Palm Springs Real Estate Market Report Oct 2014