Monthly Archives: February 2024

Desert Luxury Community Report

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Earlier this month we released the Housing Report for the entire Coachella Valley. Now we’d like to focus on the Luxury Communities that account for over one third of regional dollar sales. The Luxury Community Report is comprised of the four submarkets that encompass the majority of luxury real estate in the Coachella Valley. These four submarkets are Luxury Homes, Attached Country Clubs, Detached Country Clubs, & PGA West.

Coachella Valley Market Update

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The median price of a detached home in the Coachella Valley in January was $660,000, down 1.8% year over year. The median price of an attached home in January was $475,000, up 9.2% year over year. Prices often begin to rise in January, and we think this seasonal pattern has started this year. For another month, three-month sales are ahead of last year. The number this January was 510 units sold, compared to 436 units a year ago. Sales in January are now running 28.6% below normal, which is an improvement from last month.

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