Apparently, folks in Palm Springs are choosing to make their own real estate news these days. According to analysts, the market for high-end homes is pretty steady. In the Rancho Mirage area of Palm Springs, homes in the million dollar plus market continue to sell and retain their value.
It’s easy to understand the strength of that market. After all, Rancho Mirage represents upscale living in every way. The Thunderbird Country Club and Tamarisk Country Club are among the oldest and grandest of the community’s golf clubs. The famed Ritz-Carlton will soon open a dazzling new property in town.
One indication that now is the right time to buy: the inventory of homes for sale in Rancho Mirage is falling. Currently, it is at its lowest level since 2006. What does that mean? It means that people continue to choose Rancho Mirage as the best place for their second home or retirement home. Wait too long and you could miss your chance to get into a magnificent custom property in this highly desirable area.