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Friday, November 1, 2024

La Quinta home prices fall in December 2018

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The median sale price of a home sold in December 2018 in La Quinta fell by $14,000 while total sales decreased by 26.4%, according to BlockShopper.com.

In December 2018, there were 89 homes sold, with a median sale price of $379,000 - a 3.6% decrease over the $393,000 median sale price for the same period of the previous year. There were 121 homes sold in La Quinta in December 2017.

The median sales tax in La Quinta for the most recent year with available data, 2016, was $4,856, approximately 1.3% of the median home sale price for December 2018.

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

CityDec. 2018 Home SalesDec. 2017 Home Sales% change (Total Home Sales)Dec. 2018 Median Sales PriceDec. 2017 Median Sales Price% change (Median Sales Price)
Mountain Center 23-33.3%$412,500$500,000-17.5%
Murrieta134168-20.2%$404,000$407,000-0.7%
Riverside257275-6.5%$400,000$380,0005.3%
Wildomar2732-15.6%$398,000$370,5007.4%
Romoland 611-45.5%$398,000$368,5008%
La Quinta89121-26.4%$379,000$393,000-3.6%
Lake Elsinore5984-29.8%$375,000$344,0009%
Nuevo 412-66.7%$351,750$320,0009.9%
Rubidoux 211450%$345,000$333,2503.5%
Menifee 112129-13.2%$341,750$333,0002.6%
Homeland 12-50%$337,000$217,00055.3%

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