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Palm Springs CA Real Estate Market Update for the month of May 2007
 
  
May was a busy month in Palm Springs.  There was the Evening Under the Stars benefit for the Aids Assistance Program, the Desert Rainbow Foundation awarded 18 scholarships totalling over $46,000, and the Palm Springs Fire Department had their annual Fish Fry which brought out over 800 people for the event.
The Palm Springs Real Estate market was also very busy.  There were a total of 134 homes & condos that have sold in Palm Springs, including 9 homes over $1,000,000.  Here are the complete figures for the month of May:
Homes & Condos Sold: 134
56 homes and 76 condos Lowest Price:   $132,000 Highest Price:  $2,000,000 (Old Las Palmas)Average Price per Square Foot: $260.99% of List Price to Sales Price: 97.05%Median Price: $479,248Homes Sold:  56
Lowest Price:  $255,500 Highest Price: $2,000,000  (Old Las Palmas) Average Days on Market:  136Median Price:  $723,233Average Price per Square Ft.:  $304.32% of List Price to Sales Price:  97%Condos Sold:  76
Lowest Price:  $132,000 Highest Price: $670,000 (Racquet Club Condos) Median Price:  $302,681 Average Days on Market:  125 % of List to Sales Price:  95.15%Average Price per Square Ft.:  $229.63If you want to know what is happening in your Palm Springs neighborhood, go to my website, GreetingsFromPalmSprings, and sign up for the MLS ... more

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