Palm Springs area real estate sales increased in 6 of 7 area cities during the last six months of 2011. It appears that buyers in increasing numbers are continuing to take advantage of some of the best opportunities in over a decade. But let’s let the sales numbers speak for themselves.
City-by-City Sales For Last Six Months of 2011 (compared to the same period of ’10)
- Indian Wells: +17.71% (96 homes sold compared to 79 in ’10)
- Rancho Mirage: + 7.07% (297 homes sold compared to 276 in ’10)
- La Quinta: + 5.94% (640 homes sold compared to 602 in ’10)
- Palm Springs: + 5.28% (796 homes sold compared to 754 in ’10)
- Palm Desert: +3.10% (796 homes sold compared to 754 in ’10)
- Cathedral City: +2.02% (396 homes sold compared to 388 in ’10)
- Indio: – 1.67% (600 homes sold compared to 610 in ’10)
In addition to the increases in home sales, the average sale price for the combined seven cities increased by 2.67%. The average sale price in Indian Wells was up an impressive 20.06%.
2011 Palm Springs Area Average Home Sales Area by City
- Indian Wells: $813,270
- Rancho Mirage: $515,676
- La Quinta: $390,830
- Palm Desert: $314,808
- Palm Springs: $277,139
- Indio: $179,140
- Cathedral City: $145,140
Keep in mind that real estate is local, very local!