Palm Springs Area Home Sales for May 2020

During the pandemic we are not holding broker tours or open houses. However, we are still selling through photography, video, written 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 May 2020. Volume is way down, which is due not only to the coronavirus, but also because inventory is so low.

The final sales prices for these five towns ranged from a low of $195,000 at 77031 Indiana Avenue in Palm Desert, to a high of $9,022,500 for 81175 Ellsworth 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

17

170 $2,079,171 $1,799,176 $479,000

$7,500,000

La Quinta

71

87 $1,077,349 $988,010 $271,500

$9,022,500

Palm Desert

65

82 $538,911 $503,770 $195,000

$1,600,000

Palm Springs

39

74 $1,116,429 $1,032,956 $250,000

$3,900,000

Rancho Mirage

30

92 $722,141 $714,662 $298,000

$2,995,000

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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Categories: best agent in coachella valley, home sales, Real Estate, real estate market update, winter homesTags: , , , , , , , ,

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