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Coachella, La Quinta or Indian Wells: Where are home values up 94% in 5 years?

By in Press Enterprise on February 2, 2018

By Jonathan Lansner

How do the housing markets of Coachella, La Quinta and Indian Wells compare on a national scale through the eyes of Zillow?

The online housing tracker’s national databases can help add some perspective to the high price of local living.

As of November, for example, Riverside County is the No. 10 market in size out of 1,700 major counties tracked nationally by Zillow. The county’s $354,600 median home value was the 85th highest in the nation. The countywide five-year gain of 64.2 percent was 67th best nationally, but the 10-year performance, a 4.5 percent decline, ranks No. 1,058 among major counties.

Other Southern California countywide median values and their U.S. rank: Orange County at $696,200 (No. 13 among 1,700 counties); Los Angeles County at $588,000 (No. 22); San Diego County at $560,800 (No. 27); and San Bernardino County at $318,200 (No. 123).

Here’s how Zillow sees home values in these desert communities as of November …

COACHELLA

1. Market size: No. 1,308 nationally, or in the top 11 percent.

2. Market value: $222,300 — that’s No. 4,640 nationally or in the top 36 percent of all cities.

3. 5-year change: Up 93.6 percent — that’s No. 179 or in the top 2 percent.

4. 10-year change: Off 12 percent — that’s No. 9,834 or in the bottom 15 percent.

5. All-time high value? $299,000 in June 2006 or 34.5 percent above the current level.

LA QUINTA

1. Market size: No. 1,314 nationally, or in the top 11 percent.

2. Market value: $384,100 — that’s No. 1,591 nationally or in the top 13 percent of all cities.

3. 5-year change: Up 25.6 percent — that’s No. 5,144 or in the top 41 percent.

4. 10-year change: Off 16.3 percent — that’s No. 10,574 or in the bottom 9 percent.

5. All-time high value? $540,800 in […]    

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