La Quinta Real Estate Market Hits Contracts Bottom

Over the last 30 days, 84 homes went under contract in the La Quinta market, the lowest amount since last January. As the market appears to be approaching a low, there were 108 homes sold over the same period. When comparing other close-by municipalities within the same period, the most came from Palm Springs with 63 contracts executed. Potential buyers should note that prices went up in La Quinta, with the median for this period rising from $365,000 to $372,500. La Quinta is still a definite buyer's market, due to the availability of nine months of remaining inventory, even after the uptick in sales.

Looking for a more classic home in La Quinta? These are older homes currently available in the market:

$399K   $699K   $179K  

Get started right now by checking out La Quinta homes for sale or reviewing La Quinta real estate trends.

Demographic facts about La Quinta:

  • 47.5% of the people living here own their homes.
  • The students per teacher ratio in this area is 24.0:1. (15.3:1 = national average)

Data reported through 1/11/2017

Comments:

Ask a local expert about this area:
Bennion Deville Homes
HomeSmart Professionals
Snapped 2 homes in this area
Berkshire Hathaway HomeServices California Properties
Snapped 3 homes in this area

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