Palm Springs, California, real estate report for May 2016

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Real Estate Agent 01926911

Thinking about buying a home in the desert? Now is the time! As of June 1st, 2016, 780 condos and single-family homes were reported to be on the market in Palm Springs, CA.

In Palm Springs houses go fast. At the rate in which homes sell in this hip SoCal desert oasis it would take just a little less than six months for all 780 properties to be sold. This past month alone 183 listings were sold— that’s just under 50 homes a month!

183 homes sold in Palm Spring in May 2016

As condos and single-family homes continue to sell, the median price of houses in Palm Springs is set to continue rising. Currently the median price is $550,500, which already shows a 4.9% increase from the price in May 2015.

$550,500 is the average Palm Springs home price in May 2016

In short, as places continue to sell quickly on the Palm Springs housing market the more the prices of these homes will rise— with this being said now is the time to buy! There are 780 potential new homes out in one of America’s trendiest cities; any one of them could be your next sanctuary! A few available luxe properties currently on the market as of May :

 

racquet-club-garden-villas-unit-113-living Racquet Club Garden Villas 2/2 condo with private pool: $549,000 – click image for full listing

 

mid-century-modern-palm-springs-home Meiselman mid-century modern home in central Palm Springs $685,000 – click image for full listing

Contact Alex Dethier if you are considering a home purchase in Palm Springs. 

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––––––––––––––––––––––––
Alex Dethier
Paul Kaplan Group, Inc.
www.alexdethier.com 
Tel/Text: 760-808-3300
 

 

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palm springs
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may 2016

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families moving to the area will appreciate your local real estate market reports.

Have a most productive summer!

Jun 20, 2016 11:27 AM #1
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Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to share this.  I find this type of information very informative and helpful for your intended audience.  I hope you have a wonderful week ahead.  Best wishes!

Jun 20, 2016 10:28 PM #2
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

This is a well-written market report for homes in Palm Springs CA. Thanks for sharing this.

Jun 23, 2016 05:52 PM #3
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Palm Springs Homes
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