Racquet Club Road Estates – Real Estate Update
04.2.2010
Below are the latest stats for the Racquet Club Road Estates neighborhood in Palm Springs. The trend is showing increased inventory however, the prices have been going up over the past 6 months.
(Median sales price from 10/09 to 1/10 was $280,000. Median sales price for the last 3 months was $302,000)
These stats show what’s been going on in the past 3 months:
Total sales: 8
Total active listings: 24
Months considered to take to absorb all the listings: 8.99
Median Sales Price: $302,000
Median days listing are on the market: 56
Median sales price as a % of list price: 96.25%
For more detailed info, see the chart below. If you have any questions, feel free to contact me!
| How is this report calculated? |
| Inventory Analysis | Prior 7 – 12 Months (04/07/2009-10/03/2009) |
Prior 4 – 6 Months (10/04/2009-01/01/2010) |
Current – 3 Months (01/02/2010-04/02/2010) |
| Total # of Comparable Sales (Settled) | 0 | 10 | 8 |
| Absorption Rate (Total Sales/Months) | 0.00 | 3.33 | 2.67 |
| Total # of Comparable Active Listings ♦ | 11 | 22 | 24 |
| Months of Housing Supply (Listings/Absorption Rate) | 0.00 | 6.61 | 8.99 |
| Median Comparable Sale Price | 0 | 280,000 | 302,000 |
| Median Comparable Sales Days on Market | 0 | 29 | 56 |
| Median Comparable List Price (All) | 249,000 | 324,450 | 372,450 |
| Median Comparable Listings Days on Market (All) | 77 | 101 | 63 |
| Median Sale Price / Median List Price % | 0.00% | 104.10% | 96.36% |
| ♦The total number of all Comparable Active Listings is based on listings that were On Market for all or part of one of the specified time periods above. |
Tags: Mid-Century Homes, Palm Springs Real Estate, paul kaplan realtor, Racquet Club Road Estates
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