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Winter 2012 Market Update
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.
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| Average Home Price | $250,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 10-15% |
| Average Time on Market | 90-120 days |
| Prices As % of Asking Price | 90-95% |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Multiple Offers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Other |
| 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. |
| Average Sold Price | $250,000 - View Graph Trend |
Indio Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 9th, 2012 –
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30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.66%
15 yr. jumbo rate: 3.99%
Home Values
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 1-888-832-2244
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