Palm Springs Area Home Sales for April 2020

During the pandemic we are not holding broker tours or open houses. However, we are still selling through photography, video, descriptions and private tours of no more than two persons, and all parties sign off saying that they have no known symptoms and that they may be entering a home of an occupant who may or may not have the virus or symptoms. (It’s best to put your property on the market when vacant.)

I also ask that potential buyers and their agents provide proof of funds or preapproval for financing to tour my listings.

The table below shows the detached home sales for select cities in Coachella Valley for the month of April 2020. Volume is way down, which is due not only to the coronavirus, but also because inventory is so low. Many properties were pulled from the market when the “shelter in place” took effect and relatively few new listings have come on since.

The final sales prices for these five towns ranged from a low of $160,000 at 15864 La Vida Drive in Palm Springs, to a high of $11,750,000 (down from an original list price of $19,750,000 and only 61 days on the market) for 81307 Amundsen Avenue in La Quinta.

If you would like to see everything that is currently for sale in these towns click here.

If you want to see my favorite neighborhoods click here.

If you have any questions, or if you or someone you know is considering buying or a selling a home, do not hesitate to contact me.

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

140 $1,271,992 $1,082,125 $505,000

$2,075,000

La Quinta

82

88 $1,131,236 $924,286 $226,500

$11,750,000

Palm Desert

63

74 $548,105 $512,169 $160,000

$1,800,000

Palm Springs

58

59 $887,977 $833,192 $139,900

$7,000,000

Rancho Mirage

32

101 $813,709 $757,530 $405,000

$2,400,000

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 in this particular month.

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