Real Estate Market Updates
Palm Springs Area Heading Towards A Sellers Market?
Forbes Magazine reports that a sellers market is developing as housing inventory hits a 13-Year low. Here in the desert that's already happened in several price segments as the market continues to improve in all price segments. For us th...
Sales of New Homes Strong Nationally & Locally
Sales of new homes rose 4.4 percent in the U.S. in November from October to the fastest sales pace in more than 2-1/2 years. New home sales have also increased 15.3 percent over the past twelve months. And here in the Palm Springs area n...
Palm Springs Real Estate Prices Up, Sales Down
Average Single-Family Home Selling Price Up 19% The number of home sales in the Coachella Valley fell 16.7% in September compared to September of 2011 as the inventory of available homes here in the desert continues to decline. Meanwhile...Palm Springs Area Average Sale Prices Rise Again In August
Average sale prices increased in most Palm Springs area cities during August this year compared with August of 2011. Indian Wells recorded the highest average single-family sale price at $942,000. Palm Springs Area Single-Family Home Average...
Palm Springs Area 1-Year Price Changes by Zip Code
The chart above shows the one year average sale price changes (all up for these zip codes) by city and zip code for the sales period of Quarter-2 of 2011 through Quarter-2 of 2012 and for zip codes with 500 or more sales during the year. Ra...
Say Hello To More New Yorkers!
Virgin America, the California-based airline that is reinventing travel, today announced that it is bringing more of its upscale, low-fare flights to Palm Springs International Airport (PSP) from both San Francisco International Airport (SF...
Hideaway Golf Club Home And Lot Sales Increase In 2012
Hideaway Golf Club home sales continue to track well above 2011. Year to date 20 Hideaway homes have sold compared to 14 sold during the same January through August 15th period of time in 2011. The average list price of sold homes so far th...
New Home Builders Active Again, Sheri Interviewed In Desert Sun
The significant drop in the supply for Palm Springs area resale home inventory has builders starting to build new homes again in the desert. Local Desert Sun Newspaper reporter Mike Perrault called to interview me last week about this trend and...