So you’ve scoured the unbelievably beautiful neighborhoods in Palm Springs and want a piece of that action? We totally get it. Between the near-genius architecture and all the opportunities for your family to have fun, moving here might be one of the best ideas you’ve had in a while.
Although the desert might be slower-paced, the world of real estate is definitely not slowing down. Settling down in Palm Springs is sort of like being on permanent vacation
When the world faced the pandemic, real estate predictions for California, as well as the rest of the world, were not looking rosy at all. However, the Palm Springs real estate market not only stayed afloat, it actually thrived. And this odds-defying streak seems to be continuing, with an extremely rare trend of low inventory and low mortgage rates; they’re predicted to dip even lower in the coming months.
Low inventory and high demand for properties? Is it every seller's birthday? Palm Springs' housing market is currently very much in favor of the seller. Transactions have become a piece of cake, as low-inventory properties attract multiple offers, further driving up the final sales price.
The sunny Palm Springs has always been the go-to for investing in a second home or property. Real estate is pretty much one of the most reliable things in the ever-changing uncertain market. And this is where Palm Springs has another advantage. Their low property prices and stunning-year-round climate make it all the more appealing to investors.
A handful of factors brought on by the pandemic have only added fuel to a certain spark—a migration away from the United States’ big cities. This serves the benefit of Coachella Valley, as many people relocate from more populated areas to the beautiful desert. Add a growing inclination towards remote work, and Palm Springs becomes even more ideal; employees from the Los Angeles area and Silicon Valley keep their jobs and choose somewhere else to live.nSince Palm Springs perfects the art of alfresco living, these homes usually come equipped with long, lounge-ready patios, deep sparkling pools, and spacious pergolas that make daily sunbathing sessions a must.
Palm Desert is the axis point of affordable California living and full-scale luxury amenities. Anyone doing a big city exodus should really think about how they can have a five-star lifestyle on a low-cost budget. The desert has fantastic medical care, golf courses, tennis, and so much more.
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