In real estate valuations, Palm Springs is the best performing city in the Coachella Valley.
A Few Facts…
1. The market here peaked in January of 2006.
2. Palm Springs is only 12.9% off the historic sales highs while the rest of the area cities are still over 30% off from the high.
3. Palm Springs has a 4.9 month supply of homes available for purchase. Most surrounding cities have double that slower moving supply of available homes.
4. Only 2.8% of the sales in Palm Springs are distress sales. Many adjacent cities in the valley have “distressed inventory” at levels two or three times those in Palm Springs proper.
5. Palm Springs truly has nowhere to grow. Because we are a mountainside community, and hillside development is virtually impossible, available infill land is quickly being fully developed.
6. Home prices are still one half, or less, from what buyers would pay to live in other desirable southern California cities.
7. We are the closest community to the millions who live in Los Angeles, Orange County and San Diego.
8. The Palm Springs International Airport continues to welcome new airlines and enjoy new non-stop routes. We currently enjoy non-stop air service to Los Angeles, San Francisco, Seattle, Dallas, Chicago, New York, Canadian cities and others.
Click Below For The January 2016 Palm Springs Overview By Scott Lyle….