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Monday, November 25, 2024

Home prices increased in La Quinta during October 2020

Realestate4

The median sale price of a home sold in October 2020 in La Quinta rose by $140,000 while total sales increased by 66.4%, according to BlockShopper.com.

In October 2020, there were 193 homes sold, with a median sale price of $560,000 - a 33.3% increase over the $420,000 median sale price for the same period of the previous year. There were 116 homes sold in La Quinta in October 2019.

The median sales tax in La Quinta for the most recent year with available data, 2019, was $4,664, approximately 0.8% of the median home sale price for October 2020.

The following table compares La Quinta to other Riverside County cities with similar median sale prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Norco2835-20%$709,500$577,00023%
Rancho Mirage11955116.4%$600,000$650,000-7.7%
Corona252259-2.7%$579,000$526,00010.1%
Bermuda Dunes 151136.4%$572,000$380,00050.5%
Canyon Lake35342.9%$569,500$482,25018.1%
La Quinta19311666.4%$560,000$420,00033.3%
Homeland 23-33.3%$555,000$498,00011.4%
Mira Loma 1213-7.7%$555,000$459,00020.9%
Temecula22017724.3%$539,500$470,00014.8%
Winchester 4859-18.6%$522,500$395,00032.3%
Mountain Center 105100%$500,000$570,000-12.3%

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