Trilogy La Quinta 2019 Residential Market Report

Trilogy 2019 Residential Market Report

Community Overview

Trilogy La Quinta is a 55+ Active Adult community of 1,238 homes spanning 536 acres, built around a golf course. The community, built by Shea Homes, began in 2003 and was completed in 2011. There are 13 different home models, with less than 400 backing to the golf course. Trilogy homes range in size from 1,386 sq. ft. to 2,769 sq. ft.

Trilogy La Quinta 2019 Market Summary

In 2019, Trilogy’s homes were 58% owner-occupied, and 42% belonged to absentee owners. For the year, average home sold prices increased (+6%), and median prices rose (+5%), matching the trajectory for the entire City of La Quinta.

Of the Trilogy homes sold, 44.6% were on the golf course and 53% featured a pool. The highest-priced home sold for $745,000, while the lowest sold for $300,000.

The number of homes sold dropped by (-12%) to 92 vs. 104 in 2018. This reduction caused the total sales volume to slide by (-7%), or $3,107,490, resulting in a final annual volume of $43,617,361.

On an interesting note, the city of La Quinta overall experienced a (-4%) drop in individual home sales, yet their total dollar volume managed to climb (+1%) or $9,644,868, closing out 2019 with a total sales volume of $864,305,324. A handful of higher-priced luxury home sales likely accounted for this difference.

Additional Trilogy Market Stats

• Number of New Homes Listed: Increased (+16%) to 107 vs. 92 in 2018.
• Days on Market: Increased by (+6%) to 114 vs. 106 in 2018.
• Sales by Total Dollar Volume: Decreased (-7%) to $43,617,361 in 2019 vs. $46,724,850 in 2018.

• In Lock-Step: Trilogy and the City of La Quinta moved in parallel with uniform increases in average sold and median prices of 6% and 5%, respectively.
• Active Listings: The overall number of homes for sale climbed (+10%) across the broader area, though active inventory shrank slightly within La Quinta proper.
• Sales Slowdown: Both spaces saw drops in the total volume of sold and pended homes, though Trilogy’s pullbacks ran deeper at (-12%) and (-14%).
• Market Speed: The number of days on market compressed marginally for the broader city metrics, yet expanded by 6% within Trilogy (114 days vs. 106 days in 2018).

2019 Trilogy Homes Sold Quarterly by Price

Trilogy Homes Sell Well All Year Long

• Year-Round Performance: Out of the 92 Trilogy homes sold in 2019, 49 properties (53%) closed between January and June, while 43 properties (47%) closed between July and December.
• Seasonality Shifts: As expected, the first-quarter 'high season' generated the most closings, but the variance across the rest of the year is tighter than you might expect. 29% of annual closings took place in Q1, 24% in Q2, 25% in Q3, and 22% in Q4.
• Affordable Tiers Lead: Properties selling under $500,000 represented 60% of total annual sales. Through the first three quarters, this price point accounted for 52% to 59% of transactions, surging up to 70% of total sales activity during the fourth quarter.
• Mid-to-High Tiers: Annually, 12 homes (13%) changed hands in the $600,000 to $799,999 range.
• Top Luxury Tier: Annually, 3 homes (3%) sold within the high bracket of $700,000 to $745,000.
• Q4 Dynamic: The fourth quarter logged the fewest overall closings at 20 homes (22% of the yearly sum), with transactions heavily concentrated in properties under $500,000 (70% of the quarterly total).

Trilogy La Quinta — 2019 Homes Sold by Model

The Long Game — Trilogy 6-Year Market Study

Bottom Line: Trilogy home sales on average have been remarkably consistent throughout the past 6 years. The bright spot is that homes at the lower end of the market have increased in value. On the flip side, homes priced at the highest end of the market are struggling to build identical momentum.

New Listing Highlight: 81578 Ulrich Drive

Unparalleled quality is the hallmark of this exceptional and rare golf course home!

Sit back, relax, and take in the panoramic golf course and mountain views from your custom, stone-stacked saltwater pool and spa. Or dine and drink with friends at your own private restaurant-grade fire pit dining table.

Few Homes in Trilogy Can Compare

Designed to capture the natural beauty of this breathtaking location, the property features expansive views of the 2nd fairway, a water view of the 17th green, and sweeping 180-degree views of the Chocolate and Coral mountains. High ceilings, walls of windows, and custom features make indoor/outdoor living seamless, elevating the comfort and joy of life lived alongside the desert experience.

Special Features:

• XL premium golf lot
• Large, professionally designed pool of desert gold stacked-stone with 2 cascading waterfalls and a soothing spa
• Custom granite fire pit table
• Customizable outdoor ambiance (change pool light colors and yard lighting options)
• Bose sound system installed both inside and outside
• Extensive custom patio decking designed from the pages of Architectural Digest
• Distinctive interiors offering comfort and luxury with 10 ft. ceilings
• 6-inch custom baseboards and walls of windows to capture spectacular views
• Electric window sun shades in the living room and master bedroom; premium imported flooring
• Built-in custom wine refrigerator

This home won’t last. Tell all your friends and neighbors about it!

Call for questions or to arrange a personal viewing:
Phone: 206.755.9823 | Email: [email protected]