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Tuesday, 20 August 2019
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This Old House - Do-it-Yourself

Palm Springs Real Estate Market Mid-Year 2019

Written by Posted On Saturday, 10 August 2019 17:01

Palm Springs Real Estate Market Mid-Year 2019 Highlights:

    • The median price in Palm Springs was up 12%.
    • Closed Sales decreased 10 percent in Cathedral City
    • Closed Sales decreased 13 percent and Inventory increased 24 percent in Rancho Mirage
    • Inventory increased 18 percent in Indian Wells
    • Inventory increased 8 percent in Palm Desert
    • Active Listings increased 10 percent, Inventory increased 21 percent in Indio
    • Pending Sales and Closed Sales decreased 10 percent in La Quinta
    • Inventory increased 23 percent in Desert Hot Springs

Presentation1 AutosavedAt midyear, the median price in the Greater Palm Springs area was up 5%. This comes as residential real estate sales have slowed, about 7 percent lower than the first half of 2018.The number of Active listings are about the same, however the supply of properties is at 4.0 months, 8 percent higher than the first half of 2018 (A balanced market is about 6 months of inventory). It showed signs of softening for the first time in recent memory.

For more detailed market stats, go to http://www.openhousespalmsprings.com/palm-springs-real-estate-market-mid-year-2019/

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Mark Kunce

 

KW Global Property Specialist

2011, 2012, 2013, 2014 Top KW Cares Donor

2012 Cultural Icon for Southern CA

 

Mark grew up in a family involved in Real Estate Sales and Development and brings over 30 years of Real Estate experience to the Team. Mark is a remodeling expert and possesses strong working knowledge of carpentry, plumbing, electrical, and design. Mark heads up our REO division and works closely with many of our Financial Clients to maximize profitability. Having proudly served our Country as a United States Marine, he mastered discipline, leadership, organizational skills, and the mental toughness that is often required in Real Estate. Mark has a Masters of Education degree and has applied his teaching skills in the United States, Japan, and Mexico. He brings great knowledge, understanding, strength, and professionalism to the Team in representing your interests. Mark has traveled to Washington DC, and attended Fannie Mae Congressional hearings dealing with the distressed housing market. He was recently an expert guest on The Michael E. Gerber Show and joined a select group of business experts and entrepreneurs to collaborate and co-write the business and marketing book titled Trendsetters: The World’s Leading Experts Reveal Top Trends To Help You Achieve Greater Health, Wealth and Success!

Keller Williams San Diego Metro - The My Home Team, formerly known as the San Diego My Home Team, has expanded our operations to now cover all of San Diego County and the Palm Springs area. Our brokerage has also expanded to its new location in Coronado with more new locations to come… In addition to being one of top teams in these areas, our passion and desire is to help local and national charities. In 2011 Dan Becker was named Keller Williams San Diego Metro Cultural Icon, and in 2013 Mark Kunce was named KW Cultural Icon for Southern California. These awards are for our work and contributions to KW culture and to our communities. Some of the organizations that we donate to and work with are KW Cares, The Youth Housing Project, Normal Heights Community Association, the Wounded Warrior Project, and the Wave Academy (Aquatic Therapy Education and Research for Military Personnel and Veterans diagnosed with Post Traumatic Stress Disorder). We believe in giving back. Thanks to you we can. 2016, Mark became the director of Keller Williams San Diego Metro Real Estate School

 

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