MARKET UPDATES AND STATS FOR  PALM SPRINGS REAL ESTATE    
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After 3 years into this economy, and meeting with hundreds of buyers, many went home frustrated, without purchasing, because the market did not meet their expectations. We owe it to you, as you are visiting this website, to give you the tools you need to set up your expectations based on REAL DATA and not "hearsay".
See the numbers below. ALL are based on MLS data covering the cities of Palm Springs, Rancho Mirage, Palm Desert, Indian Wells, La Quinta and Sun City Del Webb.

The numbers show "Sold" transactions , that means closed transactions for sales that happened traditionally 30 days before hand.
The figures in red means the numbers are showing worse results compared to previous month and green means the numbers are showing improvement of the market compared to the previous month.

November 2011 results
Total homes sold : 385
Median price for condos : $222,100
Median price for single family : $497,580
Total Bank Owned (REO's) sold : 79 a 15% decrease reflecting the fact that less Bank Owned inventory on the market.
Total Short Sales sold : 55
Total Bank Owned (REO's) active in December 2011: 167 a 9% month over month decrease
Total Short Sales active in December 2011:237 a 9% month over month decrease
Total Inventory for the cities we cover : 3169 a 9% month over month decrease. The inventory for short sales + REOs is just about 13% of the total inventory, this is slightly down compared to last month.The number of distressed properties in the cities we cover has come down. that tells us something about where the prices will go next.

October 2011 results
Total homes sold : 361 a 10% month over month decrease - potential buyers come to Palm Springs and leave empty handed and frustrated because they expect a VERY DISTRESSED Market and in fact our market IS NOT
Median price for condos : $240,618 almost 9% increase
Median price for single family : $341,830 a slight decrease
Total Bank Owned (REO's) sold : 106 a 12% increase explaining the drop in median prices
Total Short Sales sold : 54 no change also impact the median price
Total Bank Owned (REO's) active in November 2011: 186  month over month about the same
Total Short Sales active in November 2011:265 a slight  month over month decrease
Total Inventory for the cities we cover : 3412 an 11% month over month increase. The inventory for distressed properties short sales + REOs is  just about 13% of the total inventory, this is a drop of 3% month over month.

September 2011 results
Total  homes sold  : 390 a 10%  month over month decrease 
Median price for condos  : $224,600 almost 7% increase
Median price for single family : $358,750 a slight increase
Total Bank Owned (REO's) sold : 95 a 16% decrease reflecting the same decrease as total sale
Total Short Sales sold : 56 a 10% decrease reflecting the same decrease  as total sale
Total Bank Owned (REO's) active in October 2011: 188  a 7% month over month decrease
Total Short Sales active in October 2011:281 a 12%  month over month increase
Total Inventory for the cities we cover : 3008  an 18% month over month increase.  The inventory for short sales + REOs is just about  16% of the total inventory, this is the same month over month.  Short sales represent a growing number while the REOs number is shrinking.

August 2011 results
Total  homes sold  : 434- a 10%  month over month decrease 
Median price for condos   : $210,035
Median price for single family : $350,358
Total Bank Owned (REO's) sold : 113 a 10% month over month increase
Total Short Sales sold : 62
Total Bank Owned (REO's) active in September2011: 202-  a 10% month over month decrease
Total Short Sales active in September 2011:250 a 15%  month over month decrease
Total Inventory for the cities we cover : 2553-  an 18% month over month decrease in inventory short sales + REOs just about  17% of the total inventory : month over month the same

Total  homes sold in July 2011 : 441- a 27% decrease compared to June 2011
Median Price in July all inclusive : $321,540- a 9.5% increase compared to June Median Price
Total Bank Owned (REO's) Sold in July 2011 : 102 a 33% decrease
Total Bank Owned (REO's) Active in August 2011: 219- almost the same as last month
Total Short Sales Active in August  2011:297 - almost the same as last month
Total Inventory for the cities in table : 2933- short sales + REOs less than 17% of the total inventory

Total  homes sold in June 2011 : 597 - a 1% decrease
Median Price in June all inclusive : $302,318- a 4.8% decrease compared to May Median Price
Total Bank Owned (REO's) Sold in June 2011 : 154 a 20% increase
Total Bank Owned (REO's) Active in June 2011: 214- another 8% decrease
Total Short Sales Active in June  2011:299 - a 1% decrease
Total Inventory for the cities in table : 3132- short sales + REOs less than 16% of the total inventory

Total  homes sold in May 2011 : 609 - a 10% increase
Median Price in May all inclusive : $317,737 - a 1.5% decrease compared to March Median Price
Total Bank Owned (REO's) Sold in May 2011 : 127 a slight increase
Total Bank Owned (REO's) Active in June 2011: 228- another 16% decrease
Total Short Sales Active in June  2011:303 - a 10% decrease
Total Inventory for the cities in table : 3251- short sales + REOs less than 16% of the total inventory

Data covering April1, 2011 thru April 30,2011
Total  homes sold in April  2011 : 569 - a slightly lower number (4 units I would say it is the same)
Total Bank Owned (REO's) Sold in April 2011 : 121 just about the same as last month
Total Bank Owned (REO's) Active in May 2011: 272 - just about the same as last month
Total Short Sales Active in May  2011:337 - almost the same as last month
Total Inventory for the cities in table : 3858- Short sales + REOs almost 16%  of the total inventory

Data covering March 1, 2011 thru March 31,2011

Total  homes sold in March 2011 : 573 - a 27% increase
Median Price in March all inclusive : $332,204 - an 8% decrease
Total Bank Owned (REO's) Sold in March 2011 : 122 a 25% increase
Total Bank Owned (REO's) Active in April 2011: 275 - a 13% decrease
Total Short Sales Active in April  2011:339 - a 9.5% decrease
Total Inventory for the cities in table : 4854- short sales + REOs less than 13% of the total inventory

Total  homes sold in February 2011 : 450
Median Price in February all inclusive : $364,495
Total Bank Owned (REO's) Sold in February 2011 : 96
Total Bank Owned (REO's) Active in March 2011: 315
Total Short Sales Active in March 2011:359 

Total  homes sold in December 2010 : 440
Median Price in December all inclusive : $302,677
Total Bank Owned (REO's) Sold in December 2010 : 133
Total Bank Owned (REO's) Active in January 2011: 327
Total Short Sales Active in January 2011: 410