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Summer 2017 | La Quinta Luxury Real Estate | Dog Days of Summer | Desert Luxury Insider | Coachella Valley Real Estate News
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Picture of a dog by in the summer heat

Summer 2017 | La Quinta Luxury Real Estate | Dog Days of Summer

DOG DAYS OF SUMMER

Summer of 2017 Real Estate In Review

If you’re like me, and enjoy getting up and out of the house before 7am, you have likely been greeted by the cool, fresh, fall desert air.  Hello old friend.  The roads and supermarkets are a little busier and the fall decorations adorn the isles at department stores.  Summer has finally released it’s grip on the valley. 

From June 1st to September 1st we had 11 days that were under 100 degrees, and 25 days over 110 degrees.  The consistently high temps that accompany summers in the desert may have worn on those who live in the valley full time, but it didn’t stop buyers from braving the heat and purchasing property in luxury La Quinta communities. 

94 homes sold in La Quinta luxury golf course communities from June to August, with an average sales price of $1,036,192 and average DOM (Days on Market) of 159.  To put this in perspective we included the quarterly sales data in the table below from 2016 and the first two quarters of 2017.
(see Figure 1.1 below)

As you can see the summer is still a very active time in La Quinta for Luxury Real Estate.  This time is also very busy for our team, as we closed 42 sides this summer and 30 sides in the summer of 2016.  We attribute this to our full time team approach.  While a large portion of the community is taking a break during the summer months, our full time team is still hard at work servicing our listings and working with the multitude of buyers that want to secure their home to start enjoying in the fall. 

The strong summer activity also points to what we believe will be an exciting season real estate wise in La Quinta.  Whether buying or selling, we look forward to helping home owners realize their dreams.  If you would like a quick and hassle free home evaluation, I encourage you to check out our website and get a free property report at:
www.jelmbergteam.com/home-valuation/.
Before listing, we always recommend having a Realtor provide a CMA (Comparative Market Analysis) to give you a more concrete sale price.  If you are ready to list, give us a call, we would love to help you! 

760.FOR.SALE

FIGURE 1.1    SALES AVERAGES OF LA QUINTA SINGLE FAMILY HOMES IN GOLF COURSE COMMUNITIES

2017

Avg. Sale Price

Avg. Sqft

$/Sqft

Avg. DOM

Units Sold

1st Quarter

$1,113,020

3557

$313

130

115

2nd Quarter

$1,210,665

3629

$334

135

114

June – August

$1,036,192

3483

$297

159

94

2016

Avg. Sale Price

Avg. Sqft

$/Sqft

Avg. DOM

Units Sold

1st Quarter

$1,423,851

3736

$381

125

73

2nd Quarter

$1,092,846

3405

$321

138

94

3rd Quarter

$1,152,047

3600

$320

176

62

4th Quarter

$1,191,011

3683

$323

125

90

June – August

$1,115,094

3632

$307

178

69

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