La Quinta, Ca. real estate market continues to improve in June 2012

By
Real Estate Broker/Owner 01293735 CA

For June 2012 there were 156 homes sales in La Quinta, Ca. This is a 2.5% drop in number of sales from June 2011, but the median price rose 11% to $303,000.

The highest priced home sold was $3,340,000.

The median price per square foot roose 13% to $152 per square foot.

Inventory for homes sale is low, As home inventories have dropped, competition has increased for quality, well-priced homes, and that is driving up prices.

Also, many sales are for regular sale homes - not distressed properties such as foreclosures and short sales.

There are still many homes where the owners owe more than the home is worth, but many are still trying to hang on in hopes that prices will continue to rise.

This is truly a great time to buy - sell - invest in La Quinta, Ca.

Posted by

 LORI BOWERS

http://www.loribowers.com

The Lori Bowers Group

A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs

La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.

78120 Calle Estado Suite 103

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)8311595• Fax: (760)771-5327

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Kathy Schowe
California Lifestyle Realty - La Quinta, CA
La Quinta, California 760-333-8886

Even in the summer our market it improving!  Awesome!  Kathy

Jul 30, 2012 12:59 PM #1
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