At the risk of repeating myself again this month, single-family home prices in the Palm Springs real estate market are continuing to rise while the available inventory of homes and condos continues to decrease. Five of six valley cities recorded sales price increases in March of 2013 compared to March of 2012.
Andalusia, La Quinta Plan-1 Home
March 2013 Single Family Home Average Sale Prices Compared To 2012
- Indian Wells: $1,095,000 / $936,000 (+ 16.99%)
- La Quinta: $609,000 / $556,000 (+ 9.53%)
- Rancho Mirage: $583,000 / $616,000 (- 5.36 %)
- Palm Springs: $456,000 / $442,000 (+ 3.17%)
- Palm Desert: $427,000 / $356,000 (+ 19.94%)
- Indio: $243,000 / $207,000 (+ 17.39%)
Available Valley-Wide Inventory Single Family Homes & Condos
The available inventory of both Palm Springs area single-family homes and condos has continued to decrease during the last three months.
- March 2013 – Homes: 2,515 / Condos: 1,157
- February 2013 – Homes: 2,671 / Condos: 1,212
- January 2013 – Homes: 2,800 / Condos: 1,228
Data Source: Desert Area MLS®