Coachella Valley 2011 Real Estate Annual Market Trends

Home sales rose 14.9% in 2011, after two years of increasing sales. Home prices, on the other hand, reversed course and fell last year, after rising in 2010 The median price for single-family homes fell a healthy 9.3%, while the average price dropped 8.2%. The median price is now at mid 2001 levels.

Condo sales up for the third year in a row and prices down for the fifth year in a row. Condo sales were up 17.3% over 2010. The median price dropped 6.8% and the average price was off 3.9%.

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