Palm Springs CA Real Estate Market Update for the month of May 2007

Real Estate Agent with Teles Properties



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: $479,248

Homes Sold:  56

  • Lowest Price:  $255,500
  • Highest Price: $2,000,000  (Old Las Palmas)
  • Average Days on Market:  136
  • Median Price:  $723,233
  • Average 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.:  $229.63

If you want to know what is happening in your Palm Springs neighborhood, go to my website, GreetingsFromPalmSprings, and sign up for the MLS Market Update.  You will have the most current, up to date information on the Palm Springs real estate market sent to you on weekly or monthly basis.  If you have any questions, please don't hesitate to call or email me.

Make it a great day,

Harold Watts, ABR   of Lyle Realtors.



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About the Author

Harold Watts of Scott Lyle Realtors has been a REALTOR in Palm Springs since 1999. Focusing on the 2nd & Vacation home market, Harold has been helping Buyers and Sellers achieve their real estate goals. If you want to know what is happening with the Palm Springs Real Estate market, give Harold Watts a call at 760-218-8209 or email him at



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