Palm Springs real estate is attractive to all sorts of buyers. People want to move here for the pleasant weather and world-class amenities. Investors also love the Palm Springs area because the market tends to be strong. However, you might wonder if now is a good time to sell or buy a home in Palm Springs.

Palm Springs is often a sellers’ market. Home prices tend to hold strong or increase over time. Even when prices go down, it is usually temporary. If you hold the real estate long enough, you should be able to turn it around for a profit. For buyers, that usually means the earlier you can buy, the better.

There are times when the market can favor buyers or sellers. However, there is more to it than the general state of the market. Various trends…

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Anyone paying attention to the housing market will have heard the recent predictions of a market correction. With interest rates increasing and prices decreasing, it has been the subject of much speculation. Many economists believe there is already a market correction underway nationally.

Just because the national market is in correction doesn't mean every regional market is also. A market like Palm Springs is unique, as not only is it a very desirable place to live, it's also a popular tourist destination. This post will cover a few points that indicate whether the Palm Springs housing market is in correction.

Signs of Palm Springs Housing Market Correction

Days on the Market

The number of days homes sit on the market can indicate where the…

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OK, it’s not really invisible.

But it is a map that won’t appear on Google Maps or your nav system. And it is a map you’ll want to refer to when looking for Palm Springs real estate.

We’re talking about a map indicating where the fee simple and lease land is in Palm Springs and the surrounding area. People searching for homes to buy in Palm Springs may be unfamiliar with the concept, that is, the difference between fee simple (or just plain “fee”) and lease land because they come from someplace with only fee land.

CLICK HERE TO VIEW THE MAP

And it’s confusing because fee land sounds like you have to pay a “fee.” But it’s lease land where you need to make a (usually) monthly payment, basically like rent, because you don’t own the land your home…

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With an incredible view of the San Jacinto mountains surrounding this quiet neighborhood, it's no surprise La Quinta is known as the gem of the desert. 

Containing affluent options for homeowners as well as more economical options, La Quinta homes are sure to impress at first sight of these picturesque homes.

In this week's post, we'll look at why La Quinta real estate contains some of the finest options in Palm Springs. 

La Quinta Real Estate

Homes in the La Quinta area take inspiration from the natural beauty of the area, so many of these are modern and mid-century modern builds emphasizing merging indoor and outdoor spaces. 

On the higher end, these homes are the picture of luxury — floor-to-ceiling windows, chef’s kitchens, and…

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In a place like Palm Springs, where more than 90% of days are sunny, it makes sense that residents want to take advantage of the superb weather, exchange their car keys for their sneakers, and walk to wherever their weekly errands take them. However, that's not always feasible, depending on where a neighborhood is.

Consider these Palm Springs neighborhoods if you're in the market for a walkable Palm Springs home.

Ruth Hardy Park

Regarding centrally located Palm Springs neighborhoods, it's hard to beat the affluent community of Ruth Hardy Park. 

Downtown is less than a mile away; most can walk in about fifteen minutes. As such, residents will find that a fun night out on the town is never more than a short walk from their homes. Along the way,…

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Spanish style homes have been an architectural mainstay across the southwest United States for hundreds of years. 

Also referred to as Spanish Colonial homes, this style was introduced by conquistadors who brought the style from Spain because they knew how to build them and it served them well in the dry desert climate.

Before we take a look at the 4 best neighborhoods in Palm Springs for Spanish style homes, let’s take a quick look at some of the features that make this architectural style so unique. 

Features of Spanish Style Homes

Spanish style homes are perfect for the Palm Springs area because they are naturally cooling in the summer and warm in the winter. This is due to the white stucco or adobe exteriors — materials that work to…

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If you love to travel and explore the world, buying a vacation property must be on your list.
Palm Springs is one beautiful city that you should consider investing in.
When planning to buy a vacation property, people tend to look at the cities in the southwest.
These cities tend to have comparable climates during winter, but that's about it.
This blog post is dedicated to providing comprehensive information regarding Palm Springs and why the city tops the list when buying a vacation property in California. Take a look.

Weather in Palm Springs

Palm Springs tends to have milder weather relative to other cities in the surrounding area. Often, it is observed to be less humid and cooler than cities like Phoenix.

The Size of Palm Springs

While cities on…

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If you’re in the Palm Springs real estate market, navigating the complexities of fee land can seem overwhelming.
To help you better understand this complex subject, we’ll be breaking it down with a simple explanation of fee land as it compares to lease land and what these two ways of owning property in the Palm Springs area could mean for you.

Palm Springs Fee Land History

To understand the nuances of why these two ways of owning land in Palm Springs exist, a quick look back at the area's history will help.
In the late 19th century, when the American government was dividing up the land, they created a checkerboard pattern of one square mile patches of land in which every other square was owned by the Agua Caliente band of Cahuilla Indians, and the…

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With its top-rated country clubs, premier shopping districts, and outstanding natural landscapes, there's no wonder why so many homebuyers choose to invest in Palm Springs real estate. Although the city is known for its retirement neighborhoods and active adult communities, it's also a phenomenal place to raise a family. The city is filled with convenient amenities, like charter schools and community parks, which make Palm Springs the perfect city for families. To help you find the ideal community for your lifestyle, here are the best Palm Springs neighborhoods for families.

Ruth Hardy Park/Movie Colony East

Formerly known as Ruth Hardy Park, Movie Colony East is one of the most desirable neighborhoods for families in Palm Springs.

Located…

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OK, it’s not really invisible.

But it is a map that won’t show up on Google Maps or your nav system. And it is a map you’re going to want to refer to when you’re looking for Palm Springs real estate.

We’re talking about a map that indicates where the fee simple and lease land is in the city of Palm Springs and the surrounding area. People searching for homes to buy in Palm Springs may be unfamiliar with the concept, that is, the difference between fee simple (or just plain “fee”) and lease land because they come from someplace with only fee land.

And it’s confusing because fee land sounds like you have to pay a “fee.” But it’s lease land where you need to make a (usually) monthly payment, basically like rent, because you don’t own the land your…

38596 Views, 0 Comments

Read Full Post