Statistical Tables

Palm Springs Area Real Estate

Palm Springs Area Real Estate Sales & Prices Up in 2016

Sales of single-family, re-sale homes were up 7.2% in 2016, this after two years of declining sales.

The median price for single-family homes gained 2.9%, while the average price rose 3.2%.

Condo/attached home sales were up 8.6%.

The median price for condos/attached homes was 1.7% and the average price was down 0.4%.

Palm Springs Area Real Estate Home Prices 3-month Moving Average Chart

Palm Springs Area Real Estate Attached Home Prices 12-month Moving Average Chart

To read our 2015 Annual Report, click here.

December Statistics

Trends at a Glance
(Single-family Homes)
Data Dec 16 Nov 16 Dec 15
Median Price: $239,750 $209,000 Median
Average Price: $255,533 $237,591 Average
Home Sales: 248 189 SalesCondos
Sale/List Price Ratio: 95.9% 95.1% SP/LP
Days on Market: 104 106 ADOM
(Attached Homes)
Data Dec 16 Nov 16 Dec 15
Median Price: $239,750 $209,000 $210,000
Average Price: $255,533 $237,591 $250,215
Home Sales: 248 189 187
Sale/List Price Ratio: 95.9% 95.1% 95.6%
Days on Market: 104 106 104

The median price for single-family, re-sale home rose last month by 3.2% year-over-year. The average price gained 6.1%.

Sales of single-family, re-sale homes were up 5.9% last month compared to November. Year-over-year, home sales were down 0.2%.

The median price for attached homes and condos was up 14.2%  year-over-year.

Attached homes and condo sales were up 32.6% year-over-year.

Desert Price Differences
from January 2015 & Peak & Trough
Homes: detached
YTD Peak % Trough % Peak Trough
3-month -2.2% -25.8% 105.6% Jun-07 Apr-09
12-month 4.0% -20.3% 96.1% Nov-07 Nov-09
Homes: attached          
3-month -11.3% -39.9% 44.5% Mar-06 Oct-11
12-month -0.3% -31.5% 43.3% Jun-06 May-12
The 3-month moving average median price for detached homes is off 2.2% from January 2015. The median price is up 105.6% from the bottom of the market, but is still down 25.8% from the peak.

In December, the 3-month moving average median price was off 11.3% for attached homes since January 2015. It is up 44.5% from the bottom of the market which was in October 2011.

Sales momentum…

for homes, fell 0.7 of a point to +6.6. Sales momentum for condos jumped 3.3 points to +7.9. (See charts below)

We calculate…

momentum by using a 12-month moving average to eliminate seasonality. By comparing this year’s 12-month moving average to last year’s, we get a percentage showing market momentum.  

In the chart below…

the blue area shows momentum for home sales while the red line shows momentum for the median price.

Pricing momentum…

for detached homes rose 0.4 of a point to  +2.5. Pricing momentum for attached homes gained 1.8 points to -+0.3.

Palm Springs Area Real Estate Market Momentum Chart

Palm Springs area real estate condo/attached home sales momentum

 

Palm Springs area real estate

The following tables break-down the market into three segments: less than $500,000, $500,000 to $1,000,000 and $1,000,000 and over. The tables are year-to-date.

Home Sales
Percent Change From Year Before
  <$500K >=$500K and <$1MM >=$1MM
2000 108.2% 32.8% 58.0%
2001 -56.9% -4.7% -23.7%
2002 25.7% 47.9% 34.9%
2003 12.3% 70.2% 48.3%
2004 13.3% 102.2% 128.3%
2005 -18.3% 10.0% 46.5%
2006 -32.7% -33.3% -5.8%
2007 -30.9% -15.3% -17.4%
2008 93.1% -24.3% -28.1%
2009 41.4% -16.6% -41.1%
2010 -10.7% 15.9% 41.0%
2011 17.1% 8.5% -6.1%
2012 -6.2% 8.2% 22.9%
2013 -0.5% 48.8% 33.1%
2014 -23.7% -5.2% 5.5%
2015 -11.2% -15.6% -13.6%
2016 39.2% 17.0% 3.9%
Median Prices
Percent Change From Year Before
  <$500K >=$500K and <$1MM >=$1MM
2000 12.7% 1.0% 0.0%
2001 14.5% 1.2% -3.8%
2002 18.3% -3.9% 0.0%
2003 13.8% 3.3% -3.2%
2004 23.4% 2.4% -1.1%
2005 16.9% 3.1% 3.0%
2006 0.1% -0.8% 2.6%
2007 -1.6% 1.5% 1.8%
2008 -33.8% -2.2% 7.9%
2009 -26.7% -1.5% -8.9%
2010 9.8% 0.0% -0.9%
2011 -8.9% -1.5% -1.8%
2012 16.4% -0.8% -1.8%
2013 24.2% 2.4% 3.3%
2014 10.3% 0.8% 0.4%
2015 7.0% -0.9% 0.9%
2016 3.1% -1.4% 0.4%

The median price for the under $500,000 segment of the market was up 0.9% year-over-year in November. This segment constituted 70.2% of sales.

Palm Springs area home sales and prices under $500,000

By contrast, the $500,000 to $1,000,000 segment of the market was 23.2% of sales last month. The median price was down 2.7% year-over-year in November.

Palm Springs area home sales and prices

The million dollar plus market was 6.6% of total sales in November. The median price for this segment of the market was up 15.7% year-over-year.

See our Annual Report for year-end numbers.

Palm Springs area real estate $1MM home sales and prices

The graphs below show monthly prices and sales since 2006. We have used a three month moving average to smooth out monthly fluctuations yet retain seasonal flow.

This chart show the number of Palm Springs area homes sold plus the median and average prices since 2005.

This chart show the number of Palm Springs area condos sold plus the median and average prices since 2005.

For full details see the tables below and the Monthly Trends section which breaks out each city's statistics. That menu is at the left.

Also, check out our Annual Trends section for charts and graphs for the past eight years.

The following table provides the median price, the average price and the number of units sold for residential re-sale single family homes.

Palm Springs Area Real Estate Monthly Statistics

Desert Home Statistics
December 2016
  Homes     Change from last year Change from last month
Area Median Average Sales MedY AveY SalesY MedM AveM SalesM
Combined $239,750 $255,533 248 2.3% 6.1% -0.2% 0.2% -2.0% 5.9%
Palm Springs $644,450 $673,036 74 27.6% 12.9% -1.3% 22.8% -6.1% -18.7%
Palm Desert $388,000 $587,712 49 3.5% 33.7% -10.9% -7.6% 38.8% 4.3%
La Quinta $457,500 $610,519 94 11.6% -4.4% 2.2% 2.8% -19.3% 25.3%
Indian Wells $821,250 $939,595 14 49.6% 34.8% -6.7% 8.6% -5.9% 16.7%
Rancho Mirage $650,000 $775,150 26 0.0% -15.1% -16.1% 13.0% 14.8% 4.0%
Cathedral City $293,000 $305,411 54 12.7% 10.1% 25.6% 10.6% 5.9% 5.9%
Indio $294,000 $316,265 85 1.4% -3.2% 2.4% 2.9% -0.9% 23.2%
Desert Hot Springs $185,700 $185,216 38 24.6% 21.9% -28.3% 0.4% -2.5% -20.8%
Sun City - PD $319,000 $324,649 28 2.9% -6.1% 3.7% 1.0% -1.3% -33.3%
Bermuda Dunes $403,500 $537,417 6 45.4% 88.2% 20.0% 18.6% 25.7% 50.0%
This table provides the median price, the average price and the number of units sold for residential re-sale condominiums.

Desert Condo/Attached Statistics
December 2016
  Condos     Change from last year Change from last month
Area Median Average Sales MedY AveY SalesY MedM AveM SalesM
Combined $239,750 $255,533 248 14.2% 2.1% 32.6% 14.7% 7.6% 31.2%
Palm Springs $200,000 $233,275 85 14.3% 0.0% 44.1% -4.3% 0.5% 26.9%
Palm Desert $274,500 $282,025 81 13.3% 2.6% 39.7% 27.7% 15.2% 97.6%
La Quinta $230,000 $265,118 17 -48.6% -33.5% 112.5% -26.2% -15.6% 6.3%
Indian Wells $450,000 $476,000 5 30.1% 44.0% -37.5% 16.9% 31.6% -54.5%
Rancho Mirage $274,950 $292,174 36 23.3% -4.5% 89.5% 8.9% 15.8% 50.0%
Cathedral City $145,000 $146,606 16 1.1% 2.9% -20.0% -6.5% -5.9% 6.7%
Indio $107,500 $116,150 6 -27.9% -28.3% -14.3% -2.3% -21.4% -45.5%
Desert Hot Springs n/a n/a n/a n/a n/a n/a n/a n/a n/a
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The Graphs

Real estate trend charts for individual cities in the Palm Springs area can be reached by clicking on the City Trends menu to the left.

For detailed information on a specific neighborhood or country club, give Greg Bauer a call at (800) 975-7720, or fill out the appropriate form: Buyers or Sellers.

For our opinion of what your home will sell for in today's market, call or e-mail us.