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Friday, November 1, 2024

La Quinta home prices rise in 2018

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The median sale price of a home sold in 2018 in La Quinta rose by $30,500 while total sales decreased by 1.9%, according to BlockShopper.com.

From January through December of 2018, there were 1,516 homes sold, with a median sale price of $418,500 - a 7.9% increase over the $388,000 median sale price for the previous year. There were 1,545 homes sold in La Quinta in 2017.

The median sales tax in La Quinta for the most recent year with available data, 2016, was $4,856, approximately 1.2% of the median home sale price for 2018.

The following table compares La Quinta to other Riverside County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Mira Loma 181198-8.6%$475,000$457,0003.9%
Temecula1,9332,210-12.5%$464,500$443,590.504.7%
Winchester 528566-6.7%$430,000$410,0004.9%
Canyon Lake251274-8.4%$425,000$415,0002.4%
Murrieta2,1372,347-8.9%$420,000$400,0005%
La Quinta1,5161,545-1.9%$418,500$388,0007.9%
Lakeview 121020%$416,000$267,50055.5%
Palm Springs1,6811,685-0.2%$412,000$378,0009%
Wildomar362427-15.2%$410,000$385,0006.5%
Riverside3,5083,820-8.2%$400,000$370,0008.1%
Sun City 7616.7%$390,000$322,50020.9%

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