Single Family Homes

90-day stats for Single Family properties in
INDIAN WELLS, CA 92210 as of February 16, 2018
Median List Price:$1,296,231Average List Price:$2,116,716
Total Inventory:177Price per Square Foot:$335
Average Home Size:3,715Median Lot Size:12,749
Average # Beds:3.74Average # Baths:4.14
Homes Absorbed:8Newly Listed:10
Days on Market:224Average Age:27

Condos

90-day stats for Condo properties in
INDIAN WELLS, CA as of February 16, 2018
Median List Price:$522,065Average List Price:$656,689
Total Inventory:59Price per Square Foot:$238
Average Home Size:2,299Median Lot Size:n/a
Average # Beds:2.39Average # Baths:2.61
Homes Absorbed:3Newly Listed:4
Days on Market:207Average Age:40

From Altos Research –

“Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors.

The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot Market”) because demand is high enough to quickly absorb available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a “Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.

Keep in mind that an MAI value close to “30” probably means that the local market is balanced or neutral. So if the MAI for your local market is somewhere between 27-33, then it’s likely to be either a buyer’s market or seller’s market based on the individual street or home area that a particular property is in.