Business & Tech
Home Sales Up In September
The sale of existing homes, condo and new home sales saw a 9.4 percent jump in September over the same period last year, according to Data Quick Information Systems.
Coachella Valley homes sales saw a 9.4 percent jump in September over last year, according to a realty tracking firm.
Sales of existing homes in nine Coachella Valley cities, including Palm Desert, and the unincorporated community of Bermuda Dunes totaled 550, up from 545 a year ago, according to Data Quick Information Systems.
Sales were down slightly for condominiums. They totaled 133 in September, down from 144 last year.
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“We’re seeing homes in the lower price range selling better,” said Greg Berkemer, executive vice president of the California Desert Association of REALTORS®. “The housing market downturn began on lower priced homes and those homes are selling first in the recovery.”
The average price for a single family home in September was $175,000, a drop from $195,000 in September 2010.
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The number of sales of foreclosed homes also dropped to 50 percent, down from 62 percent last year.
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