Palm Springs Area Median Home Price Up by 31.2%
According to the California Association of Realtors , Median home prices in the Palm Springs Area up by 31.2% from its worst & lowest period in April 2009, when the median home price reached as low as $150,140. As of April 30, 2010 , the Desert Area MLS median home prices jumped to $197,040 from it's $150,140 low within a 12 month period. The Palm Springs Area comes in as number 4 among 13 California regions, and preceded by San Francisco Bay Area, Santa Clara and the Monterey Region, but these 3 regions took 14 months Vs. the 12 months for the Desert Cities to attain their positions. Los Angeles came in as number 11. More real estate good news came from Lenders Processing Services' Data Report as of April 30, 2010 which states that "Delinquent and Foreclosure inventories are starting to stabilize". You can download the full report here. There are still some good real estate buys to be had in the Palm Springs Area: Palm Springs Condos $ 50,000 - $10