Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 3% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 370-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 27%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 340-thousand dollars. The number of units sold decreased 8% year-over-year, and increased 57% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Palm Desert, CA
Area Information for Palm Desert, CA
Population:53,356
Median Age:53.99 yr
Median Commute Time:19 mins
Educational Climate*:4
Sales Tax:0%
Population Density:1,990/sq mi
Population Change Since 2000:22.6%
Closest Airport:Palm Springs International
Closest College:Cal St Univ-san Bernardino-palm Desert
Closest Jr. College:College Of The Desert
Median Household Income:$62,655
Annual Residential Turnover:0%
Median Home Sales Price:$365,000
Closest Major Sports Team:Lake Elsinore Storm (a)
Change Avg. Household Income Since 2000:34.93%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Palm Desert, CA
Median Age: 53.99Married: 44%Number of Households: 25,350Households with Children: 3,694
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.