Indio Real Estate Market Report - Riverside County, California
Indio, California - Riverside County

Market Commentary Provided by Michael Leon
Like the rest of the southern part of the state, Indio boasts a fabulous, mild Mediterranean climate. Summers are generally hot and sunny with temperatures in the 90s and 100s, while winters are pleasant with average temperatures in the mid- to high 70s. Thanks to this outstanding weather, outdoor recreation is popular year round. Golfing on the Indio Municipal Golf Course, hiking through the canyons of the nearby Indio Hills park property or fishing in 135-acre Lake Cahuilla are just a few of the ways Indio residents get out and enjoy nature. Indio’s warm weather is also perfect for agriculture, one of its major early industries.

  Report Date   Fall 2009  
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Michael Leon
Michael Leon
Realty Executives
La Quinta, California
760-399-6876
mike@mikeleonhomes.com
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  Nearest Metro Area  
  Buyers’ or Sellers’ Market   More buyers than sellers
  Average Time on Market   90-120 days
  Market Trend   No Change
  Housing Inventory   Good supply - Some Prices
  Average Home Price   $250,000 - View Graph Trend
  Best Selling Price Range  
  Worst Selling Price Range  
  Compared to Last Year   Down 10-15%
  Prices As % of Asking Price   90-95%
  Multiple Offers?   Yes
  Greatest Activity   First Time Buyers
  Buyer Activity for the past 90 days in Indio is  
  Seller Activity for the past 90 days in Indio is  
  Is Financing Available For Qualified Buyers in Indio?  
  Existing Home Prices for the past 90 days are  
  What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?  
  Housing Hot Spots   The city’s real estate market is diverse, with single-family residence homes for sale in a variety of sizes, prices and styles. Indio’s real estate options also include condominiums, townhouses, and land lots for custom building.
  Reason to Buy/Sell   Other
  Average Sold Price   $250,000 - View Graph Trend
 
       
       
  National Real Estate Market    
  National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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