PGA West Real Estate Sales Up 10% In 2011

PGA West golf homes on the Tom Weiskopf golf course

PGA West La Quinta real estate sales increased 10% in 2011 over sales in 2010. Sales of single-family homes rose 9.49% to 106 units, while sales of PGA West condos rose an impressive 15.22% to 92 units over 2010.

Real estate sales within the gates of PGA West totaled $109 million for the year with 180 unit sales compared to $103 million in 2010 and 162 unit sales.

The PGA West Greg Norman course community scored a ‘double-double’ as sales grew an impressive 50% in ‘11. The average sales price of a Norman single-family home also increased 4.78% to $943,438.

The average sales price for a PGA West single-family home during 2011 was $792,988 while the average condo sale price hit $402,577. Overall sales prices declined 8.32% during the year, which seemed to fuel the unit sales increases of both PGA West homes and condos.

Golf membership prices at PGA West were reduced from $125,000 to just $40,000 last November, and this could have a further positive impact on 2012 sales. Time will tell, and I'll be updating information here on our PGA West Blog on a regular basis.

PGA West includes six gated golf communities including Legends, Greg Norman, Nicklaus Private, Nicklaus Tournament, Palmer Private and the Weiskopf.

Data Source: MLS sales data compiled by Sheri Dettman & Associates ©