Palm Springs is a popular destination for tourists, snowbirds, celebrities, and families. With the majority of the population making up retirees, it’s a very laid-back environment. You’ll find that shorts, flip-flops, and sandals seem to be the dress code around here. Considering it’s a well-known luxury destination, you’d expect the Palm Springs real estate prices to be astronomical. Thankfully, this isn’t the case! The cost of owning a home is quite affordable, which is especially surprising for a resort community. As you look a little farther out of the city, you can find homes starting in the low $200,000s! It’s not uncommon to find a home for half the price of Orange County of Los Angeles homes.
There’s one thing you can be sure of in Palm Springs; you’ll never get bored! The city features spectacular hiking, museums, breathtaking scenery, world-class golfing, and plenty of special events. Whether you’re a first-time buyer or looking for a vacation home, Palm Springs is a great choice. Everything you need is within arm’s reach and offers luxury amenities at an affordable cost. You’ll find that the homes in the area are gorgeous as well! Because of these favorable factors, the city has a thriving real estate marketing, and houses don’t stay on the market for very long. Below are some of the current real estate market trends in June 2021:
Average Sales Price: $620,000
Average Price Per Square Foot: $339
Average Days on Market: 38
Sales Price vs. Listed Price: 1.5% over listing price
MFI Works is Here To Help
At MFI Works, we understand that qualifying and purchasing a home can be an overwhelming process. The Palm Springs real estate market is full of stunning and affordable homes that we want to help you purchase! We’ll work to turn your dream of owning real estate into a reality. We’ll guide you through tax planning, loan + property coaching and coordinating, and real estate knowledge. If you need help with real estate, tax planning, or business financials, contact us! You can reach us by scheduling a consultation through our website.
