Palm Springs Real Estate price trends have been a bit of a surprise so far this quarter. Since inventories have grown by over 50% in the last six months, you would think that prices would be under some downward pressure. However, that is not the case. Prices over the last six months have, in fact, increased over 11% since last August, although they … [Read more...]
The Future of Retro Palm Springs
In case you missed it, this month’s issue of Food and Wine (October 2012) ran a four page tribute to our “famously retro California resort town”. The title was intriguing – The Future of Retro Palm Springs. The author points out that while we are known for the Rat Pack and Hollywood celebrity era and our Mid-Century architecture, some of our young … [Read more...]
Palm Springs Real Estate Market Trends, October 18, 2012
Recently I did a study for a client who asked the simple question, “Are Palm Springs real estate prices rising, falling, or steady?” My answer to the question was determined by evaluating all Palm Springs properties for sale and sold in on our Desert Area MLS for the last twelve months. I included both single family homes and condos. An analysis … [Read more...]
Palm Springs will host Canada Fest
Palm Springs will host Canada Fest 2012, the first event of its kind in Palm Springs, to celebrate our special relationship with our Canadian neighbors. The other desert cities will join with us in welcoming Canadians and Californians at Canada Fest 2012, to be held on December 8-9, 2012 at the Palm Springs Convention Center. Canada Fest will be … [Read more...]
Palm Springs Real Estate Market Trends, Sept. 20, 2012
At latest count, the number of single family homes for sale in the entire Coachella Valley - from Palm Springs to Indio, in all prices ranges, is down to less than 2000 units. That’s over a 60% decrease in the number of properties for sale in Palm Springs and throughout the Valley in just two years. The decrease in available single family homes … [Read more...]
For Canadians Buying a Home in Palm Springs, the Stars are Again Aligned
Recently, in preparing to leave Palm Springs for a brief vacation in Canada, I stopped by my local bank to buy some CAD. As I paid $438.91 US for $415.00 CA, it was again made clear to me what an advantage this strong currency offers a Canadian buyer each time the Loonie reaches parity with our Greenback. Yes, bank transaction fees drove up my … [Read more...]
