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Wednesday, November 27, 2024

Pricing for the median home in Indian Wells decreased during November 2019

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The median sale price of a home sold in November 2019 in Indian Wells fell by $410,000 while total sales increased by 11.8%, according to BlockShopper.com.

In November 2019, there were 19 homes sold, with a median sale price of $550,000 - a 42.7% decrease over the $960,000 median sale price for the same period of the previous year. There were 17 homes sold in Indian Wells in November 2018.

The median sales tax in Indian Wells for 2019 was $8,884. In 2018, the median sales tax was $8,636. This marks an increase of 2.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.

The following table compares Indian Wells to other Riverside County cities with similar median sale prices in November 2019:

CityNov. 2019 Home SalesNov. 2018 Home Sales% change (Total Home Sales)Nov. 2019 Median Sales PriceNov. 2018 Median Sales Price% change (Median Sales Price)
Yucaipa 42100%$651,250$695,000-6.3%
Colton 10-$645,000$0-
Rancho Mirage534712.8%$575,000$515,00011.7%
Norco221915.8%$561,500$590,000-4.8%
Canyon Lake1819-5.3%$555,000$408,00036%
Indian Wells191711.8%$550,000$960,000-42.7%
Corona21017023.5%$520,000$521,000-0.2%
Palm Springs102113-9.7%$514,500$456,00012.8%
Homeland 40-$497,500$0-
Mira Loma 1113-15.4%$488,000$471,0003.6%
Temecula1601478.8%$465,000$450,0003.3%

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