Palm Springs Real Estate Market - View Palm Springs Real Estate Market Trends in California

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Palm Springs. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Joy at (760) 702 4657
Average Home Price	$375,000 - View Graph Trend

Average Price Compared to Last Year	Down 0-5%

Average Time on Market	60-90 days

Best Selling Price Range	$250,000 - $299,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	No Change

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Palm Springs is	Increasing

Seller Activity for the past 90 days in Palm Springs is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	Depending on the price point, there are multiple bids on homes in Palm Springs, especially in the $200-300K price range.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	35-40%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Low interest rates, low property prices, banks will lend to qualified buyers. Buyers can now put down ten percent on a second home, check with a good loan officer.

Housing Inventory	Good supply - Some Prices

Inventory Comments	With low interest rates and well priced properties, this is a good time to purchase in Palm Springs and surrounding towns. More people are moving to the Desert for convenience, the beautiful weather (withstanding July & August), the golf, tennis, hiking and other outdoor activities, location and overall easy living. Plus we have the beautiful Art Museum, McCullum Theatre, many film festivals, rock festivals, the Hollywood set, etc. If in doubt, please pay a visit to this fabulous area and decide for yourself. This is an opportunity for a discriminating buyer, low interest rates, low property price, we probably have two more years before the market really starts to move forward and up, take advantage of this situation at this time.

Greatest Activity	Investors

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates create a perfect time to buy in Palm Springs!

Nearest Metro Area	Los Angeles

Housing Hot Spots	Most cities within the Riverside County area are considered ’Housing Hotspots’, especially the cities running in the Coachella Valley.

Average Sold Price	$375,000 - View Graph Trend

Palm Springs Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

Click here for full article...

Contact Information