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Friday, November 1, 2024

Indian Wells home prices fall in December 2018

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The median sale price of a home sold in December 2018 in Indian Wells fell by $105,000 while total sales decreased by 17.2%, according to BlockShopper.com.

In December 2018, there were 24 homes sold, with a median sale price of $575,000 - a 15.4% decrease over the $680,000 median sale price for the same period of the previous year. There were 29 homes sold in Indian Wells in December 2017.

The median sales tax in Indian Wells for the most recent year with available data, 2016, was $8,454, approximately 1.5% of the median home sale price for December 2018.

The following table compares Indian Wells 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)
Indian Wells2429-17.2%$575,000$680,000-15.4%
Norco2124-12.5%$573,000$585,000-2.1%
Mira Loma 910-10%$555,000$469,50018.2%
Corona171201-14.9%$490,000$500,000-2%
Rancho Mirage5065-23.1%$475,000$535,000-11.2%
Canyon Lake19185.6%$460,000$535,500-14.1%
Temecula111158-29.7%$445,000$453,500-1.9%
Winchester 2651-49%$422,500$434,000-2.6%
Palm Springs108144-25%$420,000$391,0007.4%
Mountain Center 23-33.3%$412,500$500,000-17.5%
Murrieta134168-20.2%$404,000$407,000-0.7%

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