Home > Palm Springs Real Estate Market
Spring 2020 Market Update
Average Sold Home Price: $400,000

Average Time on Market: 60-90 days

Best Selling Price Range: $350,000 - $399,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: No Change

Buyer's or Seller's Market: Equal buyers and sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Increasing

Multiple Offers? Yes

Multiple Offers Commentary: Multiple offers on properties around the $400K range

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 5-10%

Is Financing Available For Qualified Buyers? Yes

Comments on Financing For Qualified Buyers: Tricky question, depends on the buyer’s credit and type of loan, first time buyers, FHA loans, reversed mortgage, so please check with an agent or loan broker before assuming anything.

Housing Inventory: Good Supply

Housing Inventory Comments: Many multiple offers on homes in the $400K range from Palm Springs through the east end of the Valley to Indio.

Greatest Activity: Repeat Buyers

Best reason to buy or sell: This is a vacation and second home town, golf, hiking, tennis, biking, film festivals, mountains, pools, great resturants, street fairs, museums etc.

Nearest Metro Area: Riverside

Housing Hot Spots: All areas in the Coachella Valley are considered hot spots, for more info on both price and type of housing, please contact me.

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Joy Farenden
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Mortgage Rates for Mar 30th, 2020
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Real Estate Professional, Joy Farenden Joy Farenden
Bennion Deville Homes
Specializing in Palm Springs Real Estate
74-910 Hwy 111
Indian Wells, California 92210
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(Because current market conditions can change rapidly in any given marketplace,
please check with Joy Farenden for current Palm Springs, CA market conditions before acting on this information.)
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