Palm Springs Real Estate Market Trends
Palm Springs Area Sales and Prices Flatten
After two years of declining sales, of both detached and attached homes, sales have flattened for the first quarter of 2016.
In 2014, sales fell 13.7%, due mostly to the decline in value of the Canadian Loonie compared to the U.S. dollar. In 2015, sales fell 24.4%, due to the decline in oil prices, which lowered or did away with the mineral rights payments Canadians were receiving. Oh, and the loonie continued to fall.
For the first quarter, sales are up a paltry 0.3%. With the absence of Canadians in the market, the only impetus for growing sales will be baby boomers looking to downsize.
With falling sales, one would expect prices to fall. Supply and demand, right? Hasn't happened.
To continue reading the Palm Springs area Real Estate Market Trends Report, 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. 2015 Home buyers Survey findings
Improving economy and job growth draw buyers back to housing market, forming more households
To continue reading the C.A.R. report, click here.
C.A.R’s 2016 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 (800) 975-7720.
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.
To view the most up-to-date news about real estate in the Palm Springs area, visit our blog.
Subscribe to the Desert Real Estate Market Trends Report and you will be notified by e-mail when the report is updated. You will receive ONE e-mail a month.