Mike and Maria Patakas at The Agency Palm Springs, Desert Cities

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Which Desert City Had The Most Million Dollar Sales in 2015?

2015 Million Dollar Sales in Palm Springs, Rancho Mirage, La Quinta, Indian Wells, and Palm Desert


Sales for residential properties priced at $1 million or more 
held pretty steady in 2015 in comparison to 2014, with a slight decrease from 500 to 488 in the valley's main luxury-property cities: Palm Springs, Rancho Mirage, Palm Desert, Indian Wells, and La Quinta. As is usually the case, when "snowbird season" arrives, the luxury residential market ignites from January through June, before the weather heads into the hotter months, and 2015 was no exception.

These are the results for million-dollar sales in 2015:


#1 La Quinta

153 total sales  (149 total sales in 2014, with 106 in first 6 months)

96 total sales from 1/1/15 - 6/30/15 
57 total sales from 7/1/15 - 12/31-15
Highest Sale: $6.35m 
39 sales over $2m
78 sales over $1.5m
75 sales from $1m - 1.5m

# 2 Palm Springs

118 total sales (100 total sales in 2014, with 52 in first 6 months)
66 total sales from 1/1/15 - 6/30/15
52 total sales from 7/1/15 - 12/31/15
Highest Sale: $3.069m
5 sales over $2m

36 sales over $1.5m
77 sales from $1m - $1.5m

 
 
# 3 Rancho Mirage
 
78 total sales (86 total sales in 2014, with 57 in first 6 months)
52 sold from 1/1/15 - 6/30/15
26 sold from 7/1/15 - 12/31/15
Highest sale: $5.625m
14 sales over $2m
30 sales over $1.5m
48 sales from $1m - $1.5m
 

 

# 4 Indian Wells

62 total sales (77 total sales in 2014, with 53 in first 6 months)
40 total sales from 1/1/15 - 6/30/15
22 total sales from 7/1/15 - 12/31/15
Highest Sale:$4.425m
14 sales over $2m
36 sales from $1.5
26 sales from $1m - 1.5m

 


#5 Palm Desert

47 total sales (64 total sales in 2014, with 48 in the first 6 months)
34 sold from 1/1/15 - 6/30/15
13 sold from 7/1/15 - 12/31/15
Highest Sale: $7.950m
15 sales over $2m
23 sales over $1.5m
24 sales from $1m - $1.5m
 

Some interesting takeaways to keep in mind as we head into the 2016 high season for Coachella Valley luxury real estate:

- Most desert cities drastically fell off in million dollar sales in the second half of the year, but Palm Springs for the second year in a row boasted strong sales in the second half.

- Palm Springs showed the most improvement in total million dollas sales from 2014 to 2015, increasing to 118 from 100, and except for La Quinta, the other desert cities in these findings all decreased from 2014 to 2015.

- For the second year in a row, Palm Desert sold million dollar proeprties nearly at a 3:1 ratio from the first half of the year to the second half.

- There was quite a dropoff in residential sales $2m and over from 94 in 2014 to 73 in 2015, a 22% decrease.



For any questions or comments, please visit www.mikeandmariahomes.com 

 

Which Desert City Had The Most Million Dollar Sales in 2015?

 

 

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Comment balloon 0 commentsMike & Maria Patakas • January 03 2016 03:50PM
Which Desert City Had The Most Million Dollar Sales in 2015?
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Sales for residential properties priced at $1 million or more held pretty steady in 2015 in comparison to 2014, with a slight decrease from 500 to 488 in the valley's main luxury-property cities: Palm Springs, Rancho Mirage, Palm Desert, Indian… more