In the ever-changing landscape of real estate, it's essential to stay informed about market trends and statistics. This month, we bring you a comprehensive overview of the fifteen top attached country club market, shedding light on key indicators such as prices, sales, inventory, days on the market, and price discounts. A special acknowledgment goes to Walter Neil at Franklin Loan Center for graciously sharing this invaluable information and for being a trusted resource for loan services.

 

Stability in Prices with Varied Club Performances:

The FLC Price Index provides a snapshot of stability, indicating that the average price of a 1,625 square foot home in fifteen top attached country clubs is $572,839. Despite a 5.1% year-over-year dip, individual clubs exhibit diverse performances. Notably, Ironwood Country Club experienced an 8% gain, while Desert Falls Country Club faced a -12.1% decrease.

Sales Trends and Financial Landscape:

November witnessed a 19% decline in sales across the fifteen attached country clubs, averaging 51 units per month. Despite this, the three-month average of dollar sales saw a significant 15% surge, reaching $23 million per month. This signals a resilient financial landscape amid shifting sales figures.

Insights into Inventory Dynamics:

As of November, total listings increased by 4.2%, totaling 173 units compared to the previous year's 166. The "months of sales" ratio expanded to 3.4 months from 2.7 months, indicating a marginally more extended market period for property transactions.

Days in the Market and Price Adjustments:

The average "Days in the Market" for attached country clubs rose to 56 days, up from 36 days the previous year. Homes now sell within a range of 27 days in Palm Desert Resorts to 92 days in the Mesquite Country Club. In November, homes sold at an average discount of 2.7%, reflecting an adjustment compared to the 1.1% discount observed a year ago.

We extend our gratitude to Walter Neil at Franklin Loan Center for sharing these valuable insights. For those interested in exploring the full report, as well as available listings and Coachella Valley events, visit our website. Whether you're a prospective buyer, seller, or simply a real estate enthusiast, staying informed is the key to making sound decisions in the dynamic world of real estate.