Palm Springs Area (Coachella Valley) Real Estate Report for May 2011

This May, we saw another healthy month of increased sales of condos in the Palm Springs area, surpassing single family homes in number of units sold and average sold price, when compared to May 2010. Read More ...

Has the Real Estate Market Hit Bottom ? The California Association of Realtors Says YES!

In a Market Recap of the Economic and Market Outlook 2010-2011 , published November 11, 2010, the California Association of Realtors answered the question Has the Market Hit Bottom ? with a YES based on the following :

- California homes Sales hit bottom in late 2007
- California median Price hit bottom in early 2009
- Some parts of California still looking for bottom but are close.

This a caption of questions and answers.

The following chart from the Desert Area MLS, shows the trend of the average sale price of homes and listings of homes that actually sold in Palm Springs and the desert cities, and charts home sales activities between July 1, 2008 through September 30, 2010.

*** To view the full report depicting home sales trend by city, Download here

The following is 2 page caption of the Housing Statistics for 9 Quarters provided by the Desert MLS for January 1, 2009 through December 31, 2009.

The full report shows which cities had the highest $ amount paid for homes in the Coachella Valley, what cities had the highest number of sales by zip code and city. Get the Full Report here . More reports about Trends and the California Housing Market are available too .