Palm Springs Area Real Estate

Not even the Desert's summer heat could stop the influx of home buyers to the Palm Springs area in search of a house or condo to buy. Folks are trying to beat the season's rush of Snowbirds & the anticipated increase in prices due to the higher demand when our Desert Season starts in October. Inventory of houses & condos for sale in July was at the lowest since January of 2013.  A 29% decrease in the number of homes available for sale, and a 29% decrease in the number of condos available for sale . The Median Selling Price of houses in the Palm Springs area ( 9 cities & an incorporated area) is up by 34.8% in July 2013 vs July 2012 , while the Average Selling Price  went up by 23.6 % for the same period. The condos numbers came up too , with the Median Selling Price at 20% up & the Average Selling Price saw an increase of 5.5% for July 2013 vs July 2012 for all combined cities.  But the major cities like Palm Springs , Palm Desert ...

Home prices &Condo prices in Palm Springs and Desert Cities are still on the climb both in the median selling price and the average sold price. When comparing the number of units sold in 2013 vs 2012 , you will see a drop from 794 sold homes t0 664 and that is mostly attributed to the drop in available Inventory of real estate coming on the market . March 2013 had an inventory of 2515 houses down from January's inventory of 2800 houses. Condo sales did better in March 2013 with 281 condos sold in the Palm Springs area compared to 261 sold units in 2012. As for the Inventory , there is a drop from 1228 available condos in January 2013 to 1157 units in March 2013. See the chart and stats of Homes and Condo Sales by Desert City  for March 2013 .

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 fi...

There isn't a single day that goes by without new reports being published about real estate, home sales and projections, but these reports are usually about California in general and other large metropolitan areas. Palm Springs and Desert Cities rarely get reported on , so here is the latest and it is good. Prices are up, inventory is down. Hundreds of people who visit my website daily are interested in what's happening with real estate and homes sales in the Palm Springs area. If you are looking to invest, buy a vacation home or upgrade to a larger home, the table below will show you the hot spots, and the where the good deals will be. Here is a breakdown of the California Desert Association of Realtors' report of average prices of homes Sold in Palm Springs and Desert Cities in November 2011 compared to November 2012 by Desert City: November 2011 Palm Springs $375,000 Cathedral City $143,000 Rancho Mirage $660,000 Palm Desert $411,000 Bermuda Dunes...

It's mid October and seasonal residents & vacationers started arriving to the Desert from Canada  , the Northwest and the Midwest of the USA, and some are here for the first time and wondering where they can golf . Here is a list of Public and Semi Private Golf Courses in Palm Desert: palm desert public golf courses

The following is a breakdown of the California Homeowner Bill of Rights which was signed into Law, as presented by the California Association of Realtors. Assembly Bill 278 and Senate Bill 900, is available at www.leginfo.ca.gov. Applicability of the Law: This law will generally come into effect on January 1, 2013. It only pertains to first trust deeds secured by owner-occupied properties with one-to-four residential units, unless otherwise indicated below. "Owner-occupied" means the property is the principal residence of the borrower and secured by a loan made for personal, family, or household purposes (CC 2924.15). A "borrower" under this law must generally be a natural person and potentially eligible for a foreclosure prevention alternative program offered by the mortgage servicer, but not someone who has filed bankruptcy, surrendered the secured property, or contracted with an organization primarily engaged in the business of advising people how to extend...

Finally after all the negative news about housing and prices, the trend in greater Palm Springs show some pretty good signs of home prices going up , and the inventory going down . We saw median home prices of sold homes  going up month over month in 2012.  In January 2012 the median sold price was $168,000 and has been rising ever since, the May 2012 median price was $220,000 , and I see the trend continuing based on the fact that inventories of available homes is down to 3.3  based on listings, and 2.9 based on pending sales. Below is a snapshot of the May 2012 report ,  see the full report here If you are interested in receiving a report for a specific city in the Palm Springs area, or for a specific community,  you can request report here and I will be glad to generate it for you. Find and View homes, condos and luxury homes for sale in Palm Springs and all Desert Cities here For Immediate Assistance call me at 760-600-6187