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Palm Springs Market Trends

Today, November 22, 2009

Median Sales Price in Palm Springs

Embed Info
1 yr 5 yr Max
Palm Springs median sales prices
Number of sold homes in Palm Springs
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$72,000-41.8%$72,500$123,625$155,000
2 bedrooms$69,000-69.3%$204,366$225,000$299,000
3 bedrooms$158,000-49.2%$246,000$311,000$375,000
4 bedrooms$350,000-3.3%$306,118$362,000$435,500
All properties$102,870-62.4%$233,108$273,750$315,000
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Palm Springs Summary

The median sales price for homes in Palm Springs CA for Aug 09 to Oct 09 was $102,870. This represents a decline of 55.9%, or $130,238, compared to the prior quarter and a decrease of 62.4% compared to the prior year. Sales prices have depreciated 67.3% over the last 5 years in Palm Springs.

The average listing price for Palm Springs homes for sale on Trulia was $525,742 for the week ending Nov 10, which represents a decline of 0.5%, or $2,625, compared to the prior week and an increase of 0.1%, or $365, compared to the week ending Oct 20. Average price per square foot for Palm Springs CA was $137, a decrease of 29.4% compared to the same period last year. Popular neighborhoods in Palm Springs include Taquitz River Estates, Old Las Palmas, Deepwell Estates, Racquet Club West, Baristo, and Ruth Hardy Park.

 

Average Listing Price in Palm Springs

Embed Info
1 yr 5 yr Max
Palm Springs average property price
Palm Springs – number of properties
No. BedroomsWeek ending
Nov 10
w-o-wWeek ending
Nov 3
Week ending
Oct 27
Week ending
Oct 20
1 bedroom$204,880-0.5%$205,846$200,487$203,237
2 bedrooms$325,038-0.7%$327,318$327,026$331,194
3 bedrooms$512,437-0.2%$513,371$512,064$510,563
4 bedrooms$840,277+3.0%$815,592$826,375$851,857
All properties$525,742-0.5%$528,367$511,397$525,377
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Average Price Per Sqft for Homes in Palm Springs

Embed Info
1 yr 5 yr Max
Palm Springs average price per square foot
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$390+126.7%$124$172$220
2 bedrooms$91-50.8%$164$185$223
3 bedrooms$123-42.0%$174$212$239
4 bedrooms$164-12.3%$162$187$228
All properties$137-29.4%$164$194$231
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Popular Neighborhoods in Palm Springs

Neighborhoods Week ending
Nov 11
w-o-w Week ending
Nov 4
Week ending
Oct 28
Taquitz River Estates 1 +2 3 2
Old Las Palmas 2 -1 1 1
Deepwell Estates 3 -1 2 3
Racquet Club West 4 +4 8 9
Baristo 5 +2 7 7
Ruth Hardy Park 6 -1 5 11
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Homes for Sale in Palm Springs

4820 North Winners Circle #A, Palm Springs CA
4820 N Win…
$319,000
2 br  2 ba
1523 Spyglass Plaza, Palm Springs CA
1523 Spygl…
$59,500
  1 ba
1632 East Via Escuela, Palm Springs CA
1632 E Via…
$229,000
3 br  2 ba
2301 South Skyview Drive #22, Palm Springs CA
2301 S Sky…
$119,000
2 br  2 ba
2925 East Alta Loma Drive, Palm Springs CA
2925 E Alta…
$369,000
3 br  3 ba
2106 South Palm Canyon Drive, Palm Springs CA
2106 S Palm…
$399,000
2 br  2 ½ ba
View all Palm Springs Homes for Sale
 
Stats & Trends
Palm Springs

Real Estate Overview

Market Trends

Schools

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Community Info

Neighborhoods

Taquitz River Estates

Old Las Palmas

View more neighborhoods or ZIPs
  • Araby Cove
  • Baristo
  • Chino Canyon
  • Deepwell Estates
  • Desert Highland Gateway Estates
  • Desert Park Estates
  • El Mirador
  • Historic Tennis Club
  • Old Las Palmas
  • Racquet Club West
  • Ruth Hardy Park
  • Sunmor
  • Sunrise Vista Chino
  • Taquitz River Estates
  • The Mesa
  • The Movie Colony
  • Vista Las Palmas
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  • 92262
  • 92263
  • 92264
  • 92292
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Nearby Cities

Cities
Median
sales price
Average
listing price
Cathedral City
$156,000
$229,257
Desert Hot Springs
$95,000
$171,642
White Water
$120,900
$158,113
Rancho Mirage
$456,364
$926,523
Thousand Palms
$111,000
$237,920
Idyllwild
$183,000
$359,510
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Advice

Recent Q&A in Palm Springs, CA

Q: is it possible to buy a house for $300,000 or so with 25% down and make a positive cash flow Tom O? 3 answers
Q: I purchased a motor home lot in Palm Springs in 2007. I could not qualify for the loan, because of dropping home equity. Do I lose my down payment? 1 answer
Q: I have been looking at a 203k refinance but I have read that contractors don't want to deal with the paperwork and deadlines involved. 3 answers
Q: I am a Canadian looking to purchase in Palm Springs. Can someone please explain the whole short sale? 4 answers
Q: What kind of savings can I expect if I have a contractor friend offering to help me renovate at cost? (He is a prof. for over 30 years in comm. & 1 answer

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More Advice:
  • Recent Q&A in Palm Springs, CA
  • Recent blog posts in Palm Springs, CA
  • Find a real estate professional Palm Springs, CA

Nearby Cities Real Estate

  • Cathedral City Real Estate
  • Desert Hot Springs Real Estate
  • White Water Real Estate
  • Rancho Mirage Real Estate
  • Thousand Palms Real Estate
  • Idyllwild Real Estate

Nearby Cities Sold Homes

  • Cathedral City Sold Homes
  • Desert Hot Springs Sold Homes
  • White Water Sold Homes
  • Rancho Mirage Sold Homes
  • Thousand Palms Sold Homes
  • Idyllwild Sold Homes

Nearby Cities Home Prices

  • Cathedral City Home Prices
  • Desert Hot Springs Home Prices
  • White Water Home Prices
  • Rancho Mirage Home Prices
  • Thousand Palms Home Prices
  • Idyllwild Home Prices

Palm Springs Stats & Trends

  • Palm Springs Real Estate Overview
  • Palm Springs Schools
  • Palm Springs Community Info
  • Palm Springs Home Prices
  • Palm Springs Real Estate
  • Palm Springs Recently Sold Homes

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Our real estate market trends page gives you a valuable overview of the Palm Springs real estate market. Find Palm Springs properties, sales statistics, real estate price trends, and real estate market activity. Find detailed information on Palm Springs average and median listing prices, home value trends, and average price per square feet information for single family homes, condos, and other property types. Real estate market data is segmented by the number of bedrooms and Palm Springs housing statistics are available for each Palm Springs, CA neighborhood.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.