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La Quinta, CA Housing Market Trends
In September 2024, La Quinta home prices saw an 11.5% decline compared to the previous year, with the median sale price dropping to $770,000. Homes are taking longer to sell, with an average of 83 days on the market, up from 62 days last year. Despite the price drop and extended selling time, sales activity has increased, with 67 homes sold this September, compared to 56 in the same period last year. The median sale price per square foot, however, rose by 1.6%, reaching $405. This suggests that while overall home prices have softened, demand for more premium or higher-quality properties remains steady, keeping the price per square foot on an upward trajectory. Additionally, the increase in sales volume could indicate that buyers are finding opportunities in the lower prices.
La Quinta’s real estate market is moderately competitive, with homes typically selling in around 68.5 days. While some properties receive multiple offers, the average home sells for about 3% below the listing price and goes under contract within 69 days. However, for "hot" properties, the market moves faster—these homes can sell at or near the listing price and go pending in approximately 30 days, reflecting stronger demand for more desirable listings.
Nationwide, 5% of homebuyers are looking to relocate to La Quinta from other metropolitan areas. Among these prospective buyers, those from San Francisco show the most interest in moving to La Quinta, followed by homebuyers from New York and El Centro. This trend suggests that La Quinta’s appeal, with its relaxed desert lifestyle and attractive property prices, is drawing interest from larger, high-cost cities, particularly from buyers seeking a change of pace or a second home in a resort-like environment.
Have questions about the La Quinta real estate market or ready to explore available properties? Kimberly is here to guide you through every step of the process. Whether you're just starting your search or are ready to make a move, she offers expert advice and personalized service to help you find the perfect home. Reach out to Kimberly today for all your La Quinta real estate needs!
Discover the beauty and lifestyle of La Quinta, CA, with our comprehensive neighborhood guide! Whether you're drawn to its stunning desert landscapes, world-class golf courses, or vibrant community, this guide has everything you need to explore the area. Learn about local attractions, amenities, and the unique charm that makes La Quinta a sought-after destination. Start browsing now to find the perfect neighborhood for your next home!
Trust Kimberly to highlight the unique appeal of your property and attract the perfect buyers. With strategic marketing and personalized guidance, she ensures a seamless selling experience tailored to your goals. List confidently with Kimberly to maximize your property's potential in the market.
