Palm Springs Area Real Estate Market Report: January 2013 vs. January 2012

The Average Selling Price of Houses is UP by 27% & 11.9% for Condos when comparing January 2013 vs. January 2012

The Real Estate Market in Palm Springs and all Desert Cities has been very active with buyers converging on the Desert from Canada, Europe and the cold States with the intention of finding vacation homes, or relocating while the real estate prices are still reasonable.
According to the latest Real Estate Market Report just published by the Desert Area MLS, the Median Selling Prices have gone to new heights
when compared to January 2012. This January the report shows the Median Selling Prices are up by a whooping 43.3% for houses, and a 29.9% for condos , and the Inventory is low especially in the popular cities $amp; desirable communities.

Which Desert Cities had the highest increase or Decrease?

Palm Desert saw the highest average selling price increase of 53.9% for single family homes, followed by Palm Springs with an increase of 18.1%.
Palm Springs came in first in Condos with an increase of 38% this January compared to January 2012, and Palm Desert came second at 17.5%
increase.

La Quinta had an 11.8% increase in average sold prices of houses, but a -14.5% decrease in condo sales. While Rancho Mirage and Indian Wells are in negative territories in both houses and condos average sales prices.

So far February has been very active, and from the appointments I have lined up for March , I anticipate higher average selling prices in February and March.

Due to space restrictions, I published the stats report on my website if you would like to see it.

One of my colleagues at the office told me that she has been telling her clients " If you snooze you loose" , and I do attest to that.
For those who are serious about wanting a piece of our Desert Paradise at still reasonable prices, do not procrastinate!

Visit my website to find your home in your favorite community and price range.

Abraham




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