Palm Springs Area Real Estate Market Update for May 2016

The table below shows the detached home sales for select cities in the beautiful Palm Springs area.

The final sales prices for all five towns ranged from a low of $141,000 for a home at 399 West Palm Drive in Palm Springs, to a high of $8,675,000 for 53565 Humboldt Boulevard in La Quinta. Proving that there is something for everyone in Coachella Valley.

To see everything that is currently for sale, click here.

To find or sell your next home, including purchasing an investment property as a vacation rental, or even if you just have some questions, contact me today!

If you would like to rent a home for a vacation to test it out before you commit to a purchase, or converting your existing property into a vacation rental, click here. (much better ROI than the stock market!)

City

# of homes sold

Average Days on Market

Average ORIGINAL Asking Price

Average FINAL Selling Price

Lowest Selling Price

Highest Selling
Price

Indian Wells

24

113

$1,136,056

$1,007,887

$220,000

$2,200,000

La Quinta

108

121

$683,324

$627,476

$165,000

$8,675,000

Palm Desert

110

117

$524,022

$472,313

$180,000

$3,895,000

Palm Springs

84

113

$750,566

$664,955

$141,000

$5,750,000

Rancho Mirage

29

151

$920,638

$800,589

$170,000

$2,400,000

To find or sell your next home, or even if you just have some questions, contact me today!

Please note that the original asking prices and the days on market do not reflect when a home has been previously listed. This information is only pertinent for the listings that actually sold.

Categories: Buying?, estates, home sales, homes for sale, indian wells, la quinta, luxury homes, Market Updates, palm desert, palm springs, rancho mirage, Selling?, vacation homesTags: , , , , , , , ,

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