Palm Springs Area Home Sales for November 2016

The table below shows the detached home sales for select cities in the beautiful Coachella Valley for the month of November 2016.

The final sales prices for all five towns ranged from a low of $112,000 at 21780 Snowview Drive in Palm Springs, to a high of $13,000,000 for 2466 Southridge Drive also in Palm Springs. This legendary property, according to the listing, was the “largest private residence designed by John Lautner and commissioned by Bob and Dolores Hope. The property has entertained dignitaries from all over the world and is viewed by many as one of the most iconic pieces of architecture in the world.” This property (23,366sf home on a 6.1832 acre lot) was originally listed at $34M. After 301 days it was reduced to $25M. It must have been some interesting negotiations when the prevailing offer was presented. Up until now, apparently, the Hope family were the original and only owners.

To see the homes that are currently for sale in these five towns, 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.

City # of homes sold Average Days on Market Average ORIGINAL Asking Price Average FINAL Selling Price Lowest Selling Price Highest Selling Price
Indian Wells

12

119 $1,087,492 $998,958 $485,000

$2,550,000

La Quinta

73

104 $817,257 $764,432 $165,000

$5,850,000

Palm Desert

68

104 $417,438 $396,225 $185,000

$1,050,000

Palm Springs

86

113 $1,014,265 $728,566 $112,000

$13,000,000

Rancho Mirage

23

102 $728,509 $676,323 $385,000

$1,537,500

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.

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