Palm Springs Real Estate Market Trends
The median price for Palm Springs area single-family, re-sale homes has been staying in a narrow range between $345,000 and $363,500 since November 2015. In July, the median price slipped below that range to $328,500.
On the face of it, that might suggest the market is weakening. But, as they say in statistics, one month a trend does not make.
I went back to 1999 to see the difference in price between June and July, and, in only two of those months was the price higher in July than June. So, no big deal.
Sales of both homes and condos continues to be problematic. Home and condo sales have been down by double-digits each month since the beginning of the year.
Year-to-date, home sales are off 20.7%, while condo sales are down 24.8%.
To continue reading the Palm Springs area Real Estate Market Trends Report, 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 2015 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.
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