Buyers just love market reports. They love charts and graphs as long as the data is understandable. What you see below is very easy to comprehend but in case you are short of time, I'll tell you real quick what all this means.
The remarkable thing you can take away from the charts and graphs below is that our market is incredibly stable. Look at the prices per square foot and you'll see that they just have not varied all that much in quite some time. And remember these are median numbers or an average. Also know that the average price chart is easily skewed by a single luxury home sale or several low end home sales.
Regarding the inventory of units on the market? It's traditionally low now and will go up over the next couple of months as the selling season swings into full gear. And also know this too: In this market, when you find a property you like there is little time to think about it. Properties priced right at market rates will sell in a matter of days. We've had listings sell in 6 hours AT LISTED PRICE.
Call us for more information about the purchase of a Palm Springs, CA home. Use the Contact Us tab on your left of look at the top navigation bar for our email and numbers.
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| 1 month | 1 year | 15 months | |||||||
| Aug 11 | Sep 11 | % Change | Sep 10 | Sep 11 | % Change | July 10 | Sep 11 | % Change | |
| For Sale | 632 | 626 | -0.9%  |
830 | 626 | -24.6% |
895 | 626 | -30.1% |
| Sold | 120 | 113 | -5.8% |
111 | 113 | 1.8%  |
130 | 113 | -13.1% |
| Pended | 144 | 147 | 2.1% |
135 | 147 | 8.9% |
112 | 147 | 31.2% |
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| 1 month | 1 year | 15 months | |||||||
| Aug 11 | Sep 11 | % Change | Sep 10 | Sep 11 | % Change | July 10 | Sep 11 | % Change | |
| Avg. Sq. Ft. Price | 176 | 165 | -6.3% |
153 | 165 | 8% |
175 | 165 | -5.8% |
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| 1 month | 1 year | 15 months | |||||||
| Aug 11 | Sep 11 | % Change | Sep 10 | Sep 11 | % Change | July 10 | Sep 11 | % Change | |
| Avg. Active Price | 471 | 472 | 0.2% |
442 | 472 | 6.8% |
448 | 472 | 5.4% |
| Avg. Sold Price | 286 | 281 | -1.7% |
258 | 281 | 8.9% |
312 | 281 | -9.9% |
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| 1 month | 1 year | 15 months | |||||||
| Aug 11 | Sep 11 | % Change | Sep 10 | Sep 11 | % Change | July 10 | Sep 11 | % Change | |
| Months of Inventory (Closed Sales) | 5.3 | 5.5 | 3.8% |
7.5 | 5.5 | -26.7% |
6.9 | 5.5 | -20.3% |
Want more information about the Desert Cities ?
Buying or Selling Palm Springs Real Estate?
Buying or Selling in today’s real estate market is a challenge and a process that is easily accomplished with the help of a Palm Springs real estate agent focusing on the neighboring desert cities. You will need an expert who has lived in the area, knows the lifestyle and the unique housing market.
The market for real estate in the desert is alive and the values are exceptional especially for those who are looking for an ideal investment or a vacation/retirement property. We have many Palm Springs real estate properties available for every need, budget and amenity list.
Buyers: Are you searching for your primary residence? We have a variety of Palm Springs homes for sale and have what it takes to get you settled in the neighborhood of your choice.
Selling your home? Your home selling experience will be one that is easy, friendly and professional. Our mission is to offer outstanding service while utilizing the best practices and Internet technology available. We are totally connected to the Internet and will market your home on every venue available! Results is what you expect and results is what you will get.
If you are planning to buy Palm Springs investment property, or property in the surrounding area, we have the staff partners who will help with any project or property management tasks while you are away. We have helped with the small properties all the way up to the multi-million dollar projects.
The Associates motto: We're not here just to sell you a home. We're here to help you find the dream home you'll love then make it yours!
Following links are to Area City Bio's and Property Searches:
- Learn About Palm Springs Real Estate
- Learn About Cathedral City Real Estate
- Learn About Desert Hot Springs Real Estate
- Learn About Indian Wells Real Estate
- Learn About Indio Real Estate
- Learn About La Quinta Real Estate
- Learn About Palm Desert Real Estate
- Learn About Rancho Mirage Real Estate
For more information on how we can best serve your Palm Springs Real Estate and surrounding area needs, please fill out the online contact form or give us a call at 760-322-7822.
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