Here are the figures for California- if you look at the averages for California for % Change in Sales from 2007, Palm Springs if one of the areas least affected by the current market conditions. Palm Springs area Prices dropped 13.6%, compared to the average for California, of 26.2% from 2007 to 2008.
February 2008 Regional Sales and Price Activity*
Regional and Condo Sales Data Not Seasonally Adjusted
February-08 | Median Price | Percent | Percent | Percent | Percent Change in Sales from Prior Year | ||
| Feb-08 | Jan-08 |
| Feb-07 |
| Jan-08 | Feb-07 |
Statewide |
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Calif. (sf) | $409,240 | -4.8% |
| -26.2% |
| 9.5% | -28.5% |
Calif. (condo) | $366,390 | -1.0% |
| -15.0% |
| 9.6% | -40.8% |
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C.A.R. Region |
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Central Valley | NA | NA |
| NA |
| NA | NA |
High Desert | $220,380 | -5.9% |
| -31.1% |
| 5.1% | -27.7% |
Los Angeles | $467,200 | -0.5% |
| -20.0% |
| -10.5% | -41.8% |
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Monterey County | $500,000 | -1.0% |
| -23.9% |
| 11.5% | -22.5% |
Santa Cruz County | $685,000 | 13.0% |
| -4.9% |
| 5.8% | -45.1% |
Northern California | $347,650 | 2.2% |
| -12.5% |
| 5.7% | -24.9% |
Northern Wine Country | $449,000 | -8.4% |
| -23.9% |
| 4.4% | -34.2% |
Orange County | $596,520 | -2.1% |
| -13.9% |
| 34.1% | -24.8% |
Palm Springs/Lower Desert | $334,910 | 4.8% |
| -13.6% |
| 4.5% | -14.2% |
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