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.

“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.

The number of sales of foreclosed homes also dropped to 50 percent, down from 62 percent last year.

Joseph October 29, 2011 at 04:23 PM
"totaled 550, up from 545 ", that's not 9%. What am I missing here? These numbers don't add up. Thanks
Jessica E. Davis October 29, 2011 at 07:17 PM
Great questions Joseph. Apparently that 9 percent number reflects existing homes, new home sales and condo sales. Not all of those numbers are reported in here. I'm looking for more data from the reporting agency.
richardgaona October 30, 2011 at 04:23 AM
It pays to shop around for a mortgage refinance. Mortgage rates have gone down like anything. My brother in law just got a 30-year fixed loan at 3.76% He told me search online for 123 Refi for the lowest rate.
alfredkyle October 31, 2011 at 07:45 AM
The first step in determining the worth of a conventional mortgage refinance is to estimate the property value and the borrowers' equity in the home, use the 123 Refi to qualify for refinance


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