Single Family Homes

90-day stats for Single Family properties in
INDIAN WELLS, CA 92210 as of November 17, 2017
Median List Price:$1,314,962Average List Price:$2,100,174
Total Inventory:147Price per Square Foot:$364
Average Home Size:3,711Median Lot Size:12,632
Average # Beds:3.74Average # Baths:4.16
Homes Absorbed:6Newly Listed:9
Days on Market:264Average Age:25

Condos

90-day stats for Condo properties in
INDIAN WELLS, CA as of November 17, 2017
Median List Price:$528,731Average List Price:$673,429
Total Inventory:40Price per Square Foot:$225
Average Home Size:2,365Median Lot Size:n/a
Average # Beds:2.49Average # Baths:2.67
Homes Absorbed:2Newly Listed:3
Days on Market:243Average Age:39

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.