Palm Springs Area Home Sales Update For December 2016

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

The final sales prices for these five towns ranged from a low of $22,500 for a lot with utilities where the previous home burned to the ground (which I’m noticing happens in Palm Springs with greater and greater frequency) at 15821 Cherry Cove in Palm Springs, to a high of $3,950,000 for 52791 Via Savon in La Quinta. (Featured photo is from my most recent sale at 42945 Texas Avenue in Palm Desert.)

To see the homes that are currently for sale in these five towns, with no HOA and you own the land, click here.

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.

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!

 

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

11

111 $1,085,400 $978,121 $211,000

$2,000,000

La Quinta

95

95 $653,482 $611,460 $168,000

$3,950,000

Palm Desert

80

95 $531,544 $485,983 $185,000

$3,000,000

Palm Springs

71

94 $696,551 $673,900 $22,500

$1,550,000

Rancho Mirage

23

113 $835,852 $785,430 $255,000

$2,250,000

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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