Real Estate Market Updates
Not A Typical December Market
Last month I wrote “traditionally we see a short pause in real estate activity from the middle of November until the second week in January. The holidays in November and December usually prompt desert-dwellers from other places to temporarily...Sales of Previously Owned Homes Up Again
On December 12th I reported here that we were experiencing an exceptionally busy December. The usual lull between Thanksgiving in November and the second week of January has not occurred. Today the news media reported record November re-sale...Seasonal Opportunities
Indian Wells Country Club Traditionally we see a short pause in real estate activity from the middle of November until the second week in January. The holidays in November and December usually prompt desert-dwellers from other places to temp...Palm Springs Real Estate Update
In the Palm Springs area these past six months we've seen a slight but significant increase in sales. More importantly we have seen the inventory of available properties shrink from a bloated 26 months supply to just five months of inventory. ...Shrinking Palm Springs Real Estate Inventory
As summer morphs into fall we can assuredly report that there has not been a slowdown of buyers or sales in the Palm Springs real estate market. The latest numbers show less than six months of residential real estate inventory in the valley - t...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 ...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...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...