April 2012 Market Report Palm Springs, CA
The April 2012 Market Report Palm Springs, CA tells us lots. Everything you see in the four charts points to one fact that we have been driving home for weeks now. Homes are selling at or near listing price, inventory has dropped and the high-end of the market with a lot of unsold homes is throwing off the numbers of what is selling.
We are still in high season so it’s expected that sales will continue to be brisk as bargains are snapped up. Negotiations are difficult at times as some agents do not respond to calls in a timely manner. We are unsure why they behave this way but what we can say this:
- We WILL find you a home
- You WILL love it
This is our commitment and our promise to you.
April 2012 Market Report Palm Springs, CA
This first chart shows all data but notice one major premise: The market is stable and prices are stable.
| Date | 8/11 | 9/11 | 10/11 | 11/11 | 12/11 | 1/12 | 2/12 |
| For Sale | 632 | 625 | 662 | 652 | 683 | 649 | 623 |
| New Listing | 186 | 182 | 224 | 205 | 191 | 208 | 219 |
| Sold | 119 | 116 | 114 | 122 | 173 | 109 | 128 |
| Pended | 136 | 127 | 135 | 158 | 113 | 191 | 223 |
| Months of Inventory based on Closed Sales | 5.3 | 5.4 | 5.8 | 5.3 | 3.9 | 6.0 | 4.9 |
| Months of Inventory based on Pended Sales | 4.6 | 4.9 | 4.9 | 4.1 | 6.0 | 3.4 | 2.8 |
| Absorption Rate based on Closed Sales (%) | 18.8 | 18.6 | 17.2 | 18.7 | 25.3 | 16.8 | 20.5 |
| Absorption Rate based on Pended Sales (%) | 21.5 | 20.3 | 20.4 | 24.2 | 16.5 | 29.4 | 35.8 |
| Avg. Active Price | 470 | 471 | 461 | 431 | 440 | 491 | 505 |
| Avg. Sld Price | 288 | 279 | 287 | 301 | 287 | 248 | 273 |
| Avg. Sq. Ft. Price | 177 | 164 | 165 | 174 | 170 | 154 | 156 |
| Sold/List Diff. % | 95 | 97 | 96 | 97 | 97 | 94 | 96 |
| Sold/Orig LP Diff. % | 90 | 93 | 90 | 92 | 94 | 87 | 90 |
| Days on Market | 95 | 92 | 107 | 98 | 104 | 115 | 122 |
| Median Price | 183 | 223 | 238 | 225 | 215 | 195 | 212 |
Click on the thumbnails below to see the charts.
Check out some of the great values on Single Family Homes in Palm Springs right now. These listings are updated live so the data is current.
Showing properties
1 - 5 of 168.
See more Displaying Your Custom Search Listings.
(all data current as of
6/18/2013)
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$373,900 : 2110 N PASEO DE ANZA, Palm Springs4 beds, 2.0 baths
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$120,000 : 461 West Palm Vista Drive, Palm Springs4 beds, 2 full baths
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$429,000 : 1335 South San Joaquin Drive, Palm Springs4 beds, 2 full, 1 part baths
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$299,000 : 2300 East Del Lago Road, Palm Springs3 beds, 2 full baths
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$359,990 : 490 East Molino Road, Palm Springs3 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Next, check out some great condo values:
Showing properties
1 - 5 of 198.
See more Displaying Your Custom Search Listings.
(all data current as of
6/18/2013)
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3 beds, 3 full baths
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$195,000 : 392 South Calle Jasmin, Palm Springs2 beds, 2 full baths
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1 bed, 1 full bath
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2 beds, 2 full baths
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$65,000 : 1050 E RAMON RD, Unit 80, Palm Springs1 bed, 1.0 baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Click here to submit your review.
550 S Oleander Rd Palm Springs, CA, 92264 USA
rjesser51@gmail.com • 760-413-2871
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