I am a California native who arrived in the Coachella Valley desert more than 20 years ago via Silicon Valley, continuing my high-tech career in Public Relations until switching to the tumultuous world of real estate 13 years ago. Because of my long history with the desert—visiting for years before moving here permanently, I've witnessed the explosive growth of Palm Springs and the entire Coachella Valley. Modernsim Week now boasts two discrete events that attract international attention.
Palm Springs Valley home sales the past 12 months have already surpassed last year's. As 2018 heads into the high season, the median price of a single-family home is up 6.8% while condos have dramatically surged 8.2%. Because inventory remains low and sales are brisk, the resulting sales-to-supplu ratio is the lowest in 6 years. That translates into the sellers' market we've seen for more than a year—with strong signs that it will intensify.
Opportunities still abound for both home-sellers and those ready to purchase a primary or vacation home. The Coachella Valley housing market is a 50-50 mix of two discrete markets: owner-occupied and remote owners (2nd homes and investors). And, summer sales are now almost as robust as those during the traditional seasonal months, making the buying/selling market truly year-round.
As a golfer, I've played many of the Valley's 121 courses and am familiar with the dizzying array of wonderful country clubs. Let me know your desired desert lifestyle and I will match you up with the perfect community.