We are excited to share the latest insights into the luxury real estate market in Coachella Valley, courtesy of the Franklin Loan Center(FLC) Luxury Price Index provided by Walter Neil at Franklin Loan Center. This report offers a comprehensive overview of key metrics shaping the market today among the top fifteen country clubs.

Prices on the Rise

The FLC Luxury Price Index reveals that the average price of a 4,500 square foot home in fifteen of the top luxury country clubs reached $3,902,431 by the end of May, marking a significant 5.8% increase compared to last year. Individual country clubs showcased varying performance, with gains ranging from a notable 25.6% at El Dorado Country Club to a decrease of 16.8% at Tamarisk Country Club.

Active Sales Environment

Luxury home sales in May averaged 17.9 units per month, reflecting a 7.8% increase from the previous year. Over the last three months, the market saw consistent dollar sales of $110 million per month, mirroring figures from last year.

Inventory Insights

As of May, total inventory in the fifteen luxury country clubs stood at 105 units, marking a substantial 46% increase from the previous year. The "months of sales" ratio, which indicates the time required to deplete current inventory at the current sales pace, rose to 5.9 months from 4.3 months a year ago.

Market Dynamics

The average "Days in the Market" for luxury homes in May was 70 days, slightly up from 65 days last year but significantly lower than the pre-pandemic average of 120 days. Selling times varied across country clubs, ranging from an astonishing four days at El Dorado Country Club to 193 days at the Vintage Country Club.

Pricing Strategy

Luxury homes in May sold at an average discount of 4.1%, compared to 3.5% the previous year. Discounts ranged from 0.9% at El Dorado Country Club to 13.6% at The Madison, reflecting diverse pricing dynamics within the region.

Explore Listings on Our Website

Interested in exploring available luxury listings in these prestigious areas? Visit our website to browse current properties and view the full market conditions report. Whether you're buying or selling, our comprehensive listings and expert advice are designed to meet your real estate needs.

We extend our gratitude to Walter Neil at Franklin Loan Center for providing us with these invaluable market insights.