More move-up and first-time buyers joined investors and second-home purchasers across the Coachella Valley to stoke sales in October, even as prices rose for the eighth consecutive month, two new reports show.
A total of 853 homes and condos sold valleywide last month, a nearly 16 percent year-over-year increase, San Diego-based real estate information services firm DataQuick reported.
The valley’s median price — half sold for more, half for less — rose 26 percent to $210,000 compared to October 2011, marking the fourth straight month of double-digit percentage increases in the median price, DataQuick reported.
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.
If you have a gay real estate story that you’d like to share with us, contact us at email@example.com