Updated: Apr 25
Market numbers for January 2023 show an increase of listing activity and days on market with a moderate decrease in SFR transaction closed when compared to the market a year ago.
29 Palms had the most closed sales in January with 21 sold, a 54% decrease from the same interval a year prior. With 106 active SFR listings (a 30% increase) and a median sold price of $238,000 (a modest 9% decrease), with 54% of listed properties experiencing a price reduction during their median of 44 days on market before being sold. Current median listing price for 29 Palms sits at $299,500, which is a 5% increase from January 2022, with a median 68 days on market for active listings.
Yucca Valley had 14 closed SFR transactions in January 2023 (a 64% decrease), with 103 active SFR listings during that period (a 139% increase), a median 48 days on market and median sold prce of $352,000 (a 14% decrease). Median list price in Yucca Valley during the focus period was $469,000 (a 9% decrease) with 68 days on market and 56% of listings being reduced before being sold.
Joshua Tree continues with the largest percentage differences from the prior year, with only 8 SFR sales in January 2023 (a 66% decrease) a median sold proce of $345,000 (a 28% decrease) with a median of 94 days on market before sale. With 95 active SFR listings in January 2023 (a 251% increase year over year), 68 median days on market and a median list price of $499,999 (a 12% decrease), 52% of sold listings were reduced before closing sale.
Downloadable and shareable statistic reports are below.
Local Market Report, January 2023: