Palm Springs vs. Los Angeles: The Allure of Desert Living Palm Springs, a desert oasis nestled in Southern California, has emerged as a sought-after destination for those seeking a serene and luxurious lifestyle. While Los Angeles, known for its bustling city life and entertainment industry, has long been a magnet for residents, Palm Springs offers …
In March, the housing market in Palm Springs experienced a surge in property sales driven by favorable interest rates. With mortgage rates remaining at historic lows, buyers were motivated to capitalize on the attractive financing options available. The increased demand led to a competitive market, with properties selling quickly and often above asking prices. Real …
Investors who once saw promising returns in Palm Springs’ short-term rental market are facing challenges. Restrictions on short-term rentals in the popular Coachella Valley area have led to a stagnant housing market in sought-after neighborhoods, as reported by the Los Angeles Times. Properties are lingering on the market for extended periods, and investors who seized …
In February 2024, Palm Springs home prices were up 14.9% compared to last year, selling for a median price of $850K. On average, homes in Palm Springs sell after 75 days on the market compared to 70 days last year. There were 137 homes sold in February this year, up from 102 last year. Palm …
When you live in Palm Springs or have a vacation rental in the city, you become part of a fast-growing community that values culture, entertainment, and, of course, great food and wine. The Palm Desert Food & Wine Festival is a perfect example of the many events that make this place unique and exciting. If …
Lately, I have seen many people wanting to buy income-producing properties in Palm Springs. Properties like houses or apartments that they can rent out to others. But why? Why do so many people like Palm Springs for these kinds of investments? Palm Springs is a desert oasis with more than 350 days of sunshine and …
Do you know about Fashion Week El Paseo? It’s the West Coast’s largest consumer fashion event, bringing many people to the Palm Springs area. It takes place close to us, at the Gardens on El Paseo in Palm Desert. Fashion Week El Paseo will run from March 15 to March 21, 2024. This will be …
In January 2024, we noticed something interesting with the Palm Springs real estate market—home prices in the desert city increased by 2.4% compared to last year. This made the average cost of a house hitting the Palm Springs market $665,000. You might wonder, why the increase? The answer is simple—Palm Springs has a unique mix …
I’ve got some exciting news to share with all of you! Palm Springs Modernism Week is around the corner. It’s an 11-day extravaganza (from February 15th to February 25th, 2024) showcasing the best in mid-century modern design and architecture—I’m talking over 350 different events! Stay with me, and let me walk you through all the …
Working in the California real estate industry for a long time, I have seen many things change. In this blog, I will talk about Palm Springs, which has become one of California’s best cities to buy a rental investment property. Palm Springs has history and culture, and now, it’s a favorite among smart investors. Whether …
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