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Home » Uncategorized » December 15, 2012 Palm Springs RE Market update

December 15, 2012 Palm Springs RE Market update

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.


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