Palm Springs Area Real Estate Market Trends
Real Estate in the Palm Springs Area Had Quite the Season
After three years of lower than the year before real estate sales, both homes and condos had a breakout year in the Palm Springs area: which includes all the cities in the valley from Palm Springs to Indio.
Year-to-date, detached home sales are up 14.3%, while attached home sales are up an astounding 26.7%.
The median price for detached homes has been higher than the year before by double-digits for the past three months. In April, the median price was up 14.9%.
While seasonal buying usually ends in April, closing continue into May. After that, the market is dominated by locals, who, for the most part, aren't buying uber mansions.
Expect prices and sales to begin slowing down in June.
To continue reading the Palm Springs area Real Estate Market Trends Report with our entire suite of city-by-city graphs and tables, click here.
Help With Your Down Payment
Although 87 percent of homes qualify for down payment assistance, many potential homebuyers have no idea they may be eligible for programs that could save them thousands of dollars.
Down Payment Resource (DPR) is looking to change that.
To continue reading this article, click here.
C.A.R’s 2017 Housing Forecast
The California Association of REALTORS® just released their forecast for next year. You can access the full report here.
For the full report, plus graphs and statistical tables, visit our Market Trends section, or for real estate market trends for a specific city, try these links: Palm Springs, Palm Desert, Cathedral City, Rancho Mirage and La Quinta.
The Reality of Realty in the Palm Springs Area
Our Community contains some of the most desirable homes in the country. If you are looking for a home in Palm Springs area, this is the place to start.
The Cities in the Coachella Valley
Each city in the Valley has its own unique character. You will find a short profile of each plus economic and demographic statistics for the following cities: Palm Springs, Palm Desert, Rancho Mirage, Cathedral City, Indian Wells and La Quinta.
Are you looking for a list of well-priced properties in Palm Springs, Palm Desert, Rancho Mirage, La Quinta, Indian Wells or Indio? Click on the title of this paragraph to go to our MLS search. On that page, you have the option to tell us what you are looking for so we can set up a custom search in the MLS that will automatically e-mail you relevant homes for sale. Or call me, Greg Bauer, at (760) 836-9139.
Whether you are looking for homes, condos, country clubs, vacation homes, second homes, seasonal homes or investment property, stay up to speed on the market trends in Palm Springs, Palm Desert, Rancho Mirage, Cathedral City, Indian Wells and La Quinta.
For the best in California real estate and resort living, the Palm Springs area can't be beat!
Palm Springs Area or Phoenix/Scottsdale?
Here's an interesting article about Phoenix/Scottsdale. Click here.