Palm Springs Condo Sales Up In Sold Price & Units Sold
This May, we saw another healthy month of increased sales of condos in the Palm Springs area, surpassing single family homes in number of units sold and average sold price, when compared to May 2010.
According to The California Desert Association's May 2011 report based on the Desert Area MLS of all desert cities;
May 2011 266 condos sold at an average selling price of $224,914 . 30% were foreclosures and short sales. That's an increase of 22.6% in sold units, and an increase of 12.4% in average sold price over 2010.
May 2010, 217 condos sold with an average selling price of $200,138. 36% were foreclosures and short sales.
Palm Springs and Palm Desert tied at 86 in the number of condos sold . The average selling price in Palm Desert came at $266,624, a 7.3% increase from May 2010. Palm Springs condos average selling price came at $173,358, 12.3% increase over May 2010.
La Quinta gained 5.3%, while condos in Indian Wells , Rancho Mirage, Cathedral City and Indio remain in negative territory .
We are defying the national negative trend here in the Coachella Valley thanks to Canadians who are enjoying a healthy Canadian dollar exchange , Investors, and Californians from Los Angeles and Orange County who see the value and future of the Palm Springs area.
For those who are toying with the idea of buying a condo , you can check all the MLS listings of condos available for sale in Palm Springs , in Palm Desert, and all Desert Cities including foreclosures .
According to The California Desert Association's May 2011 report based on the Desert Area MLS of all desert cities;
May 2011 266 condos sold at an average selling price of $224,914 . 30% were foreclosures and short sales. That's an increase of 22.6% in sold units, and an increase of 12.4% in average sold price over 2010.
May 2010, 217 condos sold with an average selling price of $200,138. 36% were foreclosures and short sales.
Palm Springs and Palm Desert tied at 86 in the number of condos sold . The average selling price in Palm Desert came at $266,624, a 7.3% increase from May 2010. Palm Springs condos average selling price came at $173,358, 12.3% increase over May 2010.
La Quinta gained 5.3%, while condos in Indian Wells , Rancho Mirage, Cathedral City and Indio remain in negative territory .
We are defying the national negative trend here in the Coachella Valley thanks to Canadians who are enjoying a healthy Canadian dollar exchange , Investors, and Californians from Los Angeles and Orange County who see the value and future of the Palm Springs area.
For those who are toying with the idea of buying a condo , you can check all the MLS listings of condos available for sale in Palm Springs , in Palm Desert, and all Desert Cities including foreclosures .
