January's First-Time Homebuyer Report for Cathedral City

Cathedral City is a city in California. It's less affluent than average and the cost of living is less expensive compared to the rest of the state, with a median income of $45,867 per household and cost of living adjustment score of 105.2. Cathedral City is made up of homes that are of moderate age with a median of 23 years. Leading the list of best schools in the city are Sunny Sands Elementary School and James Workman Middle School.

Culture

If you're interested in the nightlife, one of the most popular places to get a drink in Cathedral City, according to Foursquare, is Cicchi's Sports Shack Bar. If you'd like to grab some coffee, a popular spot is Starbucks. You could also check out the popular Cardenas Supermarket, Stater Bros. Markets, and Fresh & Easy Neighborhood Market to do some shopping.

Price Range

Cathedral City has some of the more affordable homes in the state with a median home value of $148,400 and a current average list price of $261,112. In this week's report, the number of homes sold in the Cathedral City market slid to 58 over the past 30 days. It marked a decrease of 14.7% from last week's report and a fall below the monthly average.

Make sure you take a look at these eye-catching homes in Cathedral City that generated the most views from potential buyers:

$235K   $379K   $253K  

Typical Dwelling

The typical dwelling in Cathedral City is a three-bedroom detached home worth about $298,174. To purchase a similar home, a buyer with good credit and a $59,635 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,340 monthly payment. The property tax rate is $9.19 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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