I recently attended a meeting at the California Association of Realtors where the median price of California homes was discussed… The Coachella Valley has the 3rd lowest median price in the state. Here are some interesting figures:

Calif. median home price - Oct. 05: $538,770 (Source: C.A.R.)
Calif. affordability index - Oct. 05: 15 percent (Source: C.A.R.)

Calif. highest median home price by C.A.R. region Oct. 05:
Santa Barbara So. Coast $1,225,000 (Source: C.A.R.)

Calif. lowest median home price by C.A.R. region Oct. 05:
High Desert $315,870 (Source: C.A.R.)

The real estate market in the Coachella Valley is and will continue to be the third best bargain in the state. This explains why the slow down in real estate (as expected from the upward trend of interest rates) will not be as severe in our area as other parts of the state and/or country.

For more info on the valley prices Click Here.

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