January 2019 Palm Springs Housing Report

Dated: 02/08/2019

Views: 317

Dear Friends,

I am pleased to share with you the January 2019 Desert Housing Report. Appreciation has slowed down and the medium detached home price ended at $390,000 for the month, up 7.8% over last year. Cathedral City showed a gain of 3.5%, Palm Desert is up 1.5% and Rancho Mirage is up.4%. Palm Springs showed a bit of a reversal with a -1%. Total sales over the last three months averaged 637 units/month compared to 745 units/month last year; a decline of 14.5%. Median number of days on the market in January was 60 days. It remains a Seller's market. 

We are seeing a shift in the market and the next 3 months will validate that shift. If you have any questions or concerns please let me know. 

If you are considering selling give me a call and we can plan a time to meet and discuss.today's market and projections over the next several months.

If you know of someone looking to buy, sell or invest in our Desert Paradise or any other destination worldwide our local and international network of real estate services is available with one call: 760-861-2027. I look forward to being of service.

Thank you.

Image title


Blog author image

Michael Hilgenberg

Michael has over 40 years in the Real Estate industry. He developed one of the top producing Teams in the Palm Springs area, ranking in the top 25 Teams in Keller Williams International. Michael is cu....

Want to Advertise on this Site?

Latest Blog Posts

June 2019 Palm Springs Housing Report

The Coachella Valley real estate market kicks off the summer in a big way!In reviewing the current market statistics for the Coachella Valley market, June of 2019 varied from June of 2018. Closed

Read More

Reduced Again Sunning 3 Bedroom Pool Home In Rancho Mirage Home

Just Reduced (🔥again🔥)!ECLECTIC is this private mini estate high in the cove. From the moment you walk into the private courtyard you feel the ambience; the Zen. Polished concrete floors,two

Read More

Just Listed 29 San Juan Drive Rancho Mirage

92270, Rancho Mirage California - Don't miss this tropical oasis in the desert in intimate mission wells. This gorgeous, upgraded residence from the gated courtyard entry to a gourmet kitchen

Read More

Cathedral City Approves Temporary Moratorium On Short Term Vacation Rental

The moratorium approved by the City Council on Wednesday evening will halt new short-term vacation rental applications for at least 45 days in Cathedral City while the city looks at how it can

Read More