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Unlock Your Home’s True Value Before the New Year

Weekly Newsletter Andrew Shouse December 10, 2024

As the year wraps up, it’s the perfect time to reflect on your financial goals. If you’ve been considering selling your home, the Coachella Valley market offers plenty of opportunities to maximize your equity—but timing is key! Here’s why acting now could set you up for success.  

Current Market Conditions

  • Detached Homes: Median price is holding strong at $634,990, up $15,000 from last year.
  • Attached Homes: Median price is $447,000, reflecting a slight seasonal dip but staying consistent with long-term trends.
  • Minimal Discounts: Detached homes are selling with an average 2.1% discount, while attached homes see a 2.6% discount. Some cities, like Coachella and Cathedral City, are offering discounts as low as 1.4%.  

Buyers remain motivated, and selling conditions are favorable as the market stabilizes.  

Inventory Insights

Inventory has grown to 3,187 active listings, the highest since 2020, but it’s still within pre-pandemic levels. The months-of-sales ratio stands at 5.3, signaling a balanced market where demand and supply are in harmony. Plus, median selling times have dropped to 43 days, with hotspots like Desert Hot Springs moving homes in as little as 34 days!  

Why Sell Before 2025?  

1️⃣ Motivated Buyers: Many buyers are racing to close deals before the New Year to secure tax benefits or meet relocation deadlines.  

2️⃣ Equity Gains: Cities like Indian Wells are leading the way with an 11% year-over-year price increase, while stable pricing in Palm Desert and other areas ensures strong returns for sellers.  

3️⃣ Less Competition: Listing now helps you avoid the spring rush when inventory tends to peak, giving your home the spotlight it deserves.  

4️⃣ Seasonal Magic: Holiday staging—cozy interiors, festive décor, and twinkling lights—can make your home irresistible to buyers dreaming of their perfect desert oasis.  

Take Advantage of the Market Today

By unlocking your home’s value before the year ends, you can capitalize on buyer motivation, secure your equity gains, and start 2025 with confidence. Ready to make the move? Let’s craft a strategy to maximize your home’s potential.  

📞 Call me today, and let’s make your home the one buyers can’t stop talking about! 


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