What’s Really Happening in the Central Palm Springs Real Estate Market?
If you own a home or condo in Central Palm Springs, you’ve probably heard plenty of conflicting opinions about the market. The numbers tell a more useful story: Palm Springs real estate is still selling, but buyers are more selective, pricing matters more, and homes that are positioned correctly have a definite advantage.
Recent sales data for Central Palm Springs and the South End shows 127 single-family home sales, with a median sale price of $1,200,000 and an average sale price of $1,441,680. The average home sold for about $617 per square foot and spent 68 days on the market. Sellers received an average of approximately 95.7% of the final asking price.
The condo market tells a slightly different story. There were 168 condo and co-op sales, with a median sale price of $403,750 and an average sale price of $470,080. Condos averaged about $352 per square foot and 75 days on the market, while selling for roughly 96.7% of the final asking price.
What does that mean for you? This is no longer a market where simply putting a property on the MLS and waiting guarantees a great result. We are seeing significant differences from one neighborhood, architectural style, condition and price point to another. Some properties are selling quickly and even above asking, while others are sitting for months or requiring substantial price adjustments. That makes hyper-local knowledge more important than ever.
That’s where The Paul Kaplan Group comes in.
We’ve specialized in Palm Springs and Coachella Valley real estate for more than 25 years. We know the difference between selling a home in Movie Colony, Sunrise Park, Ruth Hardy Park, Deepwell, Tahquitz River Estates, Warm Sands or one of our many architecturally significant condominium communities. Palm Springs isn’t one market—it’s a collection of very different neighborhoods, and your property deserves to be evaluated accordingly.
If you’re thinking about selling, we can prepare a detailed neighborhood-specific analysis showing what has actually sold around you, what buyers paid, how long those properties took to sell, and how your home compares. And if you’re buying, whether you’re searching in Palm Springs, Rancho Mirage, Palm Desert, Cathedral City, La Quinta or elsewhere in the desert, our team can help you navigate the entire Coachella Valley.
The Paul Kaplan GroupYour local resource for Palm Springs & Desert Real Estate102 N. Palm Canyon Drive, Palm [email protected]PaulKaplanGroup.com
Thinking about selling—or simply curious what your home might be worth in today’s market? Reach out. We’re always happy to give you a straightforward, no-pressure assessment of where your property fits in the current market.
— Paul KaplanThe Paul Kaplan GroupCALDRE #01325586
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