Real Estate Market Updates

Palm Springs Real Estate: Area Sales Last 12 Months

During the past 12 months over $2.5 billion in sales were recorded in the Valley. Below is a summary of these sales by the average price per city and units sold per city: Average Real Estate Sales Prices By City Indian Wells: $796,262 ...

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The ‘Move Up’ Market Segment

Another sign of an improving market we've noticed is that prices seem to be stabilizing for homes and luxury condos priced from $500,000 to $999,999. In our breakdown by city below, note that three out of four of these desert cities showed a pr...

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Foreign Sales Of Palm Springs Real Estate Surges

Buyers from outside the U.S. accounted for a growing percentage of Palm Springs area sales as these buyers took advantage of the combination of lower prices and the low U.S. dollar. Canadian buyers became the most frequent non-U.S. buyer of U.S...

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Warm May Weather & Hot Sales

May turned out to be the warmest May in La Quinta about ten years as the thermometer hit triple digits much of the month. Thus far, June has been a wonderful change with temperatures only in the mid to high 80's and low 90's. Heating up even...

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Palm Springs Real Estate Market Update

Buyer traffic and property sales both continue to heat up. Pending sales have been steadily increasing with 62 homes entering escrow in just the last 24-hours, with prices ranging up to $2.4 million. The downside is we are starting to see a gra...

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Sheri’s Short List of Great Palm Springs Area Home Values

Luxury Condo / Town Home Community: Legacy Villas, La Quinta - Current listing prices are reduced up to 60% from previous highs of over $900,000. Current prices range from $199,000 to $715,000. An amazing 27 properties are in escrow and 15 unit...

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Palm Springs Real Estate Sales Up 71.6%

In the Palm Springs/Lower Desert area, home sales increased 71.6% in March. Overall California home sales increased 63.8% percent in March compared with the same period a year ago as buyers continue to take advantage of highly discounted price...

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Price Continues To Drive Palm Springs Area Real Estate Sales

Valley-wide resales of single-family homes rose 51% in December '08 compared to '07 with 545 homes sold. Condo sales dipped 32% to 107 units for the month. New construction home sales dropped 44% from December '07 as resale homes continued to p...

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January Sales -7.7% / February +18.5%

The national media reported on March 3rd that sales of previously owned U.S. homes tumbled 7.7% in January, reversing the prior month's gains. To compare our local Palm Springs area real estate market to the national stats we crunched our own l...

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