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Winter 2012 Market Update
The most expensive home sold in Rancho Mirage in 2009 to date was a 4.5 million dollar home sold at Mirada Estates.
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| Average Home Price | $375,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $400,000 - $449,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Rancho Mirage is | Increasing |
| Seller Activity for the past 90 days in Rancho Mirage is? | Increasing |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Rancho Mirage is a high demand area. Many people from all over the country move to Rancho Mirage to experience the resort style living that it offers. Ourdoor living is a key part of the lifestyles of most of the residents. As Rancho Mirage is a high demand area to live the homes tend to retain their value better than most other areas. |
| Nearest Metro Area | Riverside |
| Housing Hot Spots | The lowest priced homes and condos are selling first. Mostly bank owned or short sales. Of the 74 homes & condos sold in Rancho Mirage from Jauary 1- March 21st - 30 were under $400,000. There are currently 58 homes and condos under contract in the Rancho Mirage market. |
| Average Sold Price | $375,000 - View Graph Trend |
Rancho Mirage 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...
Contact Information
Josh Herbel
760-464-1685
Request More Information Let me answer your questions!
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Blog Archives
Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Josh Herbel
Real Estate EBroker
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 760-464-1685
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