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Thursday, November 7, 2024

January 2020: La Quinta experienced a 6.5% drop in median home prices

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The median sale price of a home sold in January 2020 in La Quinta fell by $30,250 while total sales increased by 16.8%, according to BlockShopper.com.

In January 2020, there were 118 homes sold, with a median sale price of $434,750 - a 6.5% decrease over the $465,000 median sale price for the same period of the previous year. There were 101 homes sold in La Quinta in January 2019.

The median sales tax in La Quinta for the most recent year with available data, 2019, was $4,664, approximately 1.1% of the median home sale price for January 2020.

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

CityJan. 2020 Home SalesJan. 2019 Home Sales% change (Total Home Sales)Jan. 2020 Median Sales PriceJan. 2019 Median Sales Price% change (Median Sales Price)
Corona144156-7.7%$505,000$528,000-4.4%
Canyon Lake914-35.7%$475,000$377,75025.7%
Temecula13510331.1%$472,500$450,0005%
Palm Springs102116-12.1%$450,000$437,5002.9%
Nuevo 72250%$435,000$415,0004.8%
La Quinta11810116.8%$434,750$465,000-6.5%
Colton 21100%$433,000$570,000-24%
Murrieta13710037%$430,000$410,0004.9%
Riverside24520817.8%$417,000$398,2504.7%
Anza 25-60%$414,000$295,00040.3%
Winchester 4819152.6%$406,000$420,000-3.3%

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