Search homes for sale in Palm Desert, a place that offers a variety of cultural and recreational activities for its residents and visitors.
Palm Desert is a sought-after destination for retirees and tourists in Riverside County, California. Its warm weather and breathtaking landscape offer endless possibilities for entertainment and enjoyment. With an estimated population of 50,000, Palm Desert is a bustling city that boasts many relaxation, fun, and adventure activities. From outdoor recreation to cultural experiences, Palm Desert has something for everyone to enjoy.
The place is home to many ranchers that boast of 1960s-style interiors and Mediterranean cottages and villas that exude Spanish charm and elegance. Other popular styles include mid-century modern homes with sloped roofs, luxury desert abodes, townhomes, condos, and single-family homes.
The real estate market in Palm Desert is moderately active. On average, properties there receive two offers and typically sell within 48 days. Last month, the median selling price for a home in Palm Desert was around $550,000, showing a decrease of 5.2% compared to the previous year. Additionally, the average price per square foot has risen to $341, marking a 2.7% increase since last year.
The real estate market in Palm Desert displays moderate competitiveness. Typically, homes are sold within 52 days. It's common for some properties to receive multiple offers. On average, homes are sold at about 3% below the listed price and usually become pending within the same 52-day timeframe. However, highly sought-after homes, often referred to as "hot homes," may sell at around their listed price, often becoming pending in about half that time, approximately 25 days.
Palm Desert offers numerous real estate investment opportunities for potential buyers. With its growing popularity amongst both tourists and retirees alike, there are plenty of options for rental properties, such as single-family homes, condos, and more. Additionally, investors can also take advantage of purchasing land or commercial properties that may appreciate due to the ever-increasing demand for housing in the area.
If you have any questions or are considering purchasing homes for sale in Palm Desert, don't hesitate to reach out. Our team is dedicated to providing you with all the information and support you need to make an informed decision. Whether you're a first-time buyer or an experienced investor, we're here to guide you through every step of the process.
The greatest benefits they offer are proven abilities to match extraordinary buyers with sensational properties that fit their lifestyles and to make sure their valued sellers get top dollar from their real estate transactions.