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Palm Springs Real Estate Sales Up In 6 of 7 desert cities!

Pga West 4392 Palm Springs Real Estate

Palm Springs area real estate sales increased in 6 of 7 area cities during the last six months of 2011. It appears that buyers in increasing numbers are continuing to take advantage of some of the best opportunities in over a decade. But let’s let the sales numbers speak for themselves.

City-by-City Sales For Last Six Months of 2011 (compared to the same period of ’10)

  • Indian Wells: +17.71% (96 homes sold compared to 79 in ’10)
  • Rancho Mirage: + 7.07% (297 homes sold compared to 276 in ’10)
  • La Quinta: + 5.94% (640 homes sold compared to 602 in ’10)
  • Palm Springs: + 5.28% (796 homes sold compared to 754 in ’10)
  • Palm Desert: +3.10% (796 homes sold compared to 754 in ’10)
  • Cathedral City: +2.02% (396 homes sold compared to 388 in ’10)
  • Indio: – 1.67% (600 homes sold compared to 610 in ’10)

In addition to the increases in home sales, the average sale price for the combined seven cities increased by 2.67%. The average sale price in Indian Wells was up an impressive 20.06%.

2011 Palm Springs Area Average Home Sales Area by City

  • Indian Wells: $813,270
  • Rancho Mirage: $515,676
  • La Quinta: $390,830
  • Palm Desert: $314,808
  • Palm Springs: $277,139
  • Indio: $179,140
  • Cathedral City: $145,140

Keep in mind that real estate is local, very local!

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