In December of 2009 we had 70 homes & 60 condos sell with another 53 condos going into escrow and 63 homes! There were 373 homes and 433 Condos on the Market for sale to date in representing another decline in available inventory for homes and Condos.
In December 2009 there were 4 homes sold over 1 million dollars in Palm Springs. The most expensive was a $2,183,000 home in Smoke Tree Ranch, in South Palm Springs.
Palm Springs real estate represents some of the best over all retirement/vacation home prices in the otherwise pricey California real estate market. The value for the money remains very high when compared to other areas of the state. The proximity to the 22 million southern Californians makes it a perpetually popular weekend getaway. The warmth of our winters makes it the perfect place to escape the cold and snowy weather in the North. While many of our visitors and second home owners come from the Pacific Northwest more and more are coming from Canada and beyond. The ease of arriving by air has greatly increased since the expansion of the convenient Palm Springs International airport. Once a sleepy little, winter vacation spot in the California desert the 7 cities that make up the Coachella valley have blossomed into vibrant year round communities. Palm Springs offers an enviable resort lifestyle that includes over 320 days of Sunshine per year.