The little recognized fact about the Palm Springs Real Estate Market is simply that our market is â€˜uniquely differentâ€™. The underlying currents and directional trends that shape our local Real Estate Marketâ€™s current state do not compare with what maybe happening in other parts of California, or in cities throughout the US. I consider the real estate market in Palm Springs to be â€˜special and matchlessâ€™.
The front page headline from the Thursday, March 25th issue of The Desert Sun Newspaper says it all: â€˜Area Home Sales Buck Trend, Up 7.3% — Other Regions Saw Drops in February Salesâ€™ â€œPeople Want to Live Here!â€ Read the story at:
Obvious conclusions to be drawn about the Palm Springs Real Estate Market using my detailed market trend data are:
1. Palm Springsâ€™ single family home and condo prices are very affordable as compared to other areas of California and the country.
2. The majority of Februaryâ€™s home sales, or 62.1%, are conventional sales and not Foreclosures or Short Sales (â€¦this has been the trend for the past several months). Current Active listings reflect this same trend, with only approximately 10% of the listings Foreclosures, and 8% are Short Sales.
3. â€˜Good Dealsâ€™ do exist on properties in Palm Springs today. Current â€˜conventionalâ€™ home prices reflect the impact of prior-period Foreclosures and Short Sales as well as the steep price declines from the peak â€˜06 sales levels. The Palm Springs Real Estate Market continues to improve, after bottoming out in Q-1 of 2009, with the number of home and condo sales and sale prices increasing month-over-month.
For more information on Palm Springs Real Estate trend data please visit my websiteâ€™s Real Estate Market Insights Reports (link: http://maurice.windermeresocal.com/mypage.asp?pid=868).
For more information, contact The Hacienda
From Within US:
1-800-359-2007 or 1-760-327-8111
From Outside US:
01-800-359-2007 or 01-760-327-8111Â