Home sales in the 92211 Zip Code area of Palm Desert jumped nearly 17 per cent in August compared to the same months last year, and the median price rose 6.3% to $270,000 according to Data Quick.
Since September 2010, prices in Palm Desert, California, have risen from a median price of $205,000 to $270,000.
Supply is so far down in Palm Desert, we are definitely seeing prices hold stable.
Palm Desert does so well as it is centrally located with close proximity to El Paseo shopping, restaurants, and entertainment as well as award winning schools.
Homes along golf courses and in gated communities in Palm Desert, California, continue to draw interest from snowbirds and vacation home buyers who can easily qualify for financing or pay cash.
LORI BOWERS
http://www.desertareahousingmarket.com
The Lori Bowers Group
A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs
La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.
78065 Main St., Suite 107
Old Town La Quinta
La Quinta, CA 92253
Phone: (760)777-8788 • Fax: (760)771-5355
Hi Lori, Sounds like some really great news. Lets hope we can all just stay steady and pull out of the slump : ) Inventory is down in my area as well.
Lori-
We are all hoping this trend continues! Portland OR is doing the same slow climb in home prices and reduction in inventory.