If you’re considering moving to palm springs, then you need to stay on top of real estate trends. If you are not aware of the current housing prices, housing market trends, and what to look out for, how can you rest assured that your housing choice is the best for your current price range and needs? After all, if you are trying to save money, you need to find the best neighborhoods with budget houses. If you are looking for family-friendly areas, then finding the safest neighborhoods with the best school system is key to having a happy life!
Let’s look at the top trends to consider when looking at palm springs real estate for your next move – where should you relocate to in California?
5 reasons to look at Palm Springs real estate to consider for your next move!
First off – where is Palm Springs and why should you consider moving there? Palm Springs is a very popular area to move to in the sunny and surfer-friendly state of California. You have the best of both worlds – you have a huge city within your grasp, but you’re also close to the sandy beaches and bright blue waters on the West coast of the United States! See more here to browse Palm Springs real estate.
Not to mention, moving to Palm Springs, California is the best choice for those who want to have the amenities of big-city living, while still having a more suburban feel. You will not get the same crowds that you would find in big cities – with the population around 10x bigger!
But what trend should you consider when you are moving to Palm Springs? What are a few characteristics of Palm Springs real estate that are key to knowing before you purchase a house? Check out these facts and figures so you can find the best neighborhood for you and your family:
- Compared to other markets around the country, the housing market in Palm Springs Is considered to be slightly competitive. The competition ranked 57 out of 100, showing that there are some houses that get multiple offers and some that get only one or two.
- The average sale price per house in California is $520K, with the sale price per square foot coming to just $373.
- The average housing price in Palm Springs, CA comes to just 1.5% over the list price with an average of 32 days on the market.
- Some homes get multiple offers in Palm Springs, CA, with the average homes going on the market for just over 30 days.
- The drought fire risk in Palm Springs, CA is a whopping 99 out of 100, making it less desirable than other locations. The fire risk is moderate at 43 out of 100, with the heat risk being “low” at just 32 out of 100.
Conclusion
Knowing the top real estate trends in Palm Springs is key to making smart decisions about your financial future. By analyzing the top 5 trends in Palm Springs real estate, you can find a well-priced house in the best neighborhood for your needs.
