Market Update for Palm Springs

Statistics and prices for homes and condos in Palm Springs area

November was quite surprising! Sales in November, like in December, are generally very much down because of the time of the year. This year, however, we just dropped a few sales compared to last month 333 compared to 378 the month before.

As well, pricing was very exciting. It is really stabilizing and trending up.

 

Median Price raising from October to November

Take a look at the median price of all cities included: $345,436 in November compared to $ 314,568 in October. Almost a 10% increase…

Did you buy your place in Palm Springs yet ? If not DON’T WAIT TOO MUCH LONGER…PRICES ARE COMING UP. The numbers in the tables below will show you.

 

The number of foreclosures and bank owned decreasing

The number of foreclosures is quite stable at only 240 Active compared to 233 the month before.

You can of course visit the page for statistics on the website: http://www.claudinereal.com/Area_Sales_Statistics.htm to go further back and have the whole year to compare.

 

Future looking brighter for sellers, prices raising

Buyers should watch closely what was working for the summer is not longer valid. Prices of properties wether condos or single family homes are going up and the trend will continue thru the winter. Time to make a move!



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