I just researched the latest info from an online source. This is very interesting on how our local Palm Springs & Desert Areas Real Estate Market is continuing to show strong signs of improvement.
“Sales of attached homes, which are mainly second homes, jumped 51.5% from last year. Year-to-date, attached home sales are up 8%.
The median price for attached, re-sale homes was up, year-over-year, for the sixth month in a row in the Valley: +10.8%.
Since January, the 3-month moving averge median price is up 8.6% for attached homes. It is up only 10.6% from the bottom of the market which was in October 2011.
On the flip side, the median price for attached homes is still down 54% from the peak of the market which happened in March 2006.”
That’s it in a nutshell. Pretty good stuff.