Palm Springs Real Estate Market Report - October 2020 [Infographic]
Posted by Jim Cronin
Welcome to the latest edition of the Greater Palm Springs real estate market report for October 2020. I've compiled the best information from the local Palm Springs MLS®. Have a look at our full Palm Springs real estate market infographic below for details!
The median value of both single-family detached and attached homes continue their upward trajectory. Despite concerns about how the market would react to the global pandemic, business in the valley is booming. La Quinta, Desert Hot Springs, Cathedral City and Palm Springs all saw double digit growth. The median price of a home in Coachella Valley is $510,000, up 27% over last year. The median price of an attached home is $315,000, up 12.7% over last year.
It's definitely a seller's market -…
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Palm Springs, centrally located in the Southwest, is within driving distance of several metropolitan areas, and the airport (PSP) provides great service to the Bay Area, the Northwest, and Phoenix. And that makes it easy for all your friends and family to visit you all year long.
Living in Palm Springs gives you the opportunity to attend any number of local events and festivals without the costs of hotels and transportation. And there are really too many to choose from, especially in season from January through May. But more and more attractions are coming to the desert in the summer. August is now the scene for Splash House parties at several local, hip hotels, like the Ace and Saquaro. And rates drop at many gay resorts sponsoring splash parties during the summer months.
Look around. Palm Springs is booming. The last several years have brought new hotels, restaurants, clubs and housing to Palm Springs. Downtown is undergoing a revitalization, and the Uptown Design District is hopping with hip shops and cafes.



If you’re looking for a home in Palm Springs, and you’re not from the southwest, the landscaping around here may be unfamiliar, even confusing. On the one hand, you’ll see lush, Mediterranean gardens, with green lawns, tropical-looking palms, bougainvillea, olive and citrus trees. On the other, lots of rock and gravel, some spikey-looking things, and a few trees that don’t appear to have much going on in the leaf or shade department. And if you’re into gardening, trying to figure out what to do with your new yard can be intimidating.