Palm Desert is enjoying a sales boom like most of the Desert communities. Low interest rates and great first time buyer programs coupled with low prices are making a traditionally slow season a little busier!
Sales stats for Palm Desert:
Current Sales Stats: There are 436 homes and 535 condos currently for sale in Palm Desert. There were 79 homes and 66 Condos that went under contract in the month of May. There were 40 homes and 40 condos for a perfect match in the sold category!
The most expensive home sold in Palm Desert in May of 2009 was a one million two hundred and fifty thousand dollar home on 72-342 Bajada Trl in Stone Eagle. This beautiful golf community is located along the Westerb edge of Hwy 74 in South Palm Desert. There are not too many homes in this newer golf course community so someone got an amazing deal. The home was originally priced at 2 million plus.
TWO YEAR STATS: Check Out These Stats for a great Perspective on the Market
|Month||For Sale||Under Contract||Sold||Days On Market||New To Market|
This Chart shows some awesome movement in the reduction of total inventory and an increase in total sold volume. Days on market is dropping some too and new listings come on are dropping off as well. Keep in mind the two years stats are for the entire Desert - not just Palm Desert.