Home sales and prices have leveled off some in Palm Springs, but are still well above the figures from one year ago as a surge that started in July 2020 continues to keep demand high and supply low.
That data, provided by the Palm Springs Regional Association of Realtors (PSRAR), shows the following:
The median price of a single family home in Palm Springs in July was $924,000 — up 28 percent from the July 2020 median price of $722,500, and 176 percent above the average price of $335,000 during a slump in 2011.
Condominiums and townhomes in the city sold for a median price of $360,000 in July — an increase of 38 percent compared with one year ago.
Across the entire Coachella Valley, the price of a single family home rose 30 percent over last July — averaging $599,000 in July 2021, compared to $460,000 in July 2020; condominium and townhome prices in the Valley went up 37 percent in July, with an average sale price of $383,250.
Combined, an average of 205 properties sold each month in Palm Springs during the past three months. One year ago, the number was 164
The three-month average of total sales in the entire Valley in April was 1,125 units a month, which compares with just 753 units a year ago.
On August 1 2021, there were 791 units available to purchase, compared with more than 2,000 available units (both single family homes and condominiums and townhomes) available on August 1, 2020.
According to the report, a decrease in the volume of sales for the past two months is notable, but appears to align with the start of the typical seasonal sales decline between June and November.
“It is difficult to imagine any downward movement in home prices at the current time, with demand so heavily weighted over supply, in favor of home sellers,” the report states.
Of particular note is the volume of home sales at each end of the spectrum. Sales of homes under $300,000 are low compared to last year, primarily because there are fewer and fewer homes in that bracket due to the large price increases. Sales of homes over $1 million continue to remain high, with sales at 157 units a month compared to 67 units last year.
There does not appear to be any letup in the speed at which homes are selling. The average time on the market was 25 days in July, compared to 56 days one year ago. That’s the fifth straight month the “time on market” figure has dropped.
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DISTRICT SEEKS INPUT: The Palm Springs Unified School District (PSUSD) is seeking opinions and suggestions about how the district should address the impact of COVID-19 on elementary and secondary schools. Specifically, it is seeking input on how it can continue to provide and improve a quality learning environment for all PSUSD students. This information will help in developing the district’s Elementary and Secondary Emergency Relief Plan, also known as the ESSER III Expenditure Plan. A survey, which runs through September 10, is available in both English and Spanish.
INJURY CRASH CLOSES ROAD: A two-vehicle crash that left at least one person injured forced an hours-long shutdown Thursday of parts of Gene Autry Trail in Palm Springs. The crash occurred shortly after 6 AM at Gene Autry Trail and Tamarisk Road. The road was closed in both directions while emergency crews responded to the collision. Police reported one person suffered major injuries.
STATUS HEARING: A status hearing is scheduled today for Daniel Carlos Garcia, who was convicted along with Miguel Bustamante, Kaushal Niroula, David Replogle and two others in the December 2008 financially motivated killing of Clifford Lambert, a Palm Springs retiree. All four were granted a retrial in 2020 following allegations that the judge who had presided over the case was biased. During status hearings, defense attorneys and prosecutors usually discuss charges against a person and possible resolutions.
SCHOOL COVID: As of this morning, the Palm Springs Unified School District is reporting 82 cases of COVID-19 among students and staff. Schools in Palm Springs account for nine of those cases, including eight among students and one among staff. The most cases in any city school were reported at Palm Springs High School, where three students are reportedly infected.
MIZELL EVENTS: Painting, Wii bowling, and fitness classes are offered today at the Mizell Center, 480 S. Sunrise Way, starting at 8 AM. Today’s complete schedule can be found here.
LGBTQ+ YOUTH HANGOUT: If you’re between the ages of 14 and 20 and need a safe space to connect with other LGBTQ+ youth, The LGBTQ Community Center of the Desert hosts a Zoom meeting each Friday starting at 2:30 PM. To “Zoom in,” you can register at this link.
FOOD DISTRIBUTION: Well in the Desert distributes food every Saturday at 6 AM and 10 AM at 181 N. Indian Canyon Dr. For the early distribution, guests typically begin lining up at 5 AM and must show proof of residency (a rent receipt, utility bill, etc.). For both distributions, guests are asked to bring a box, bags or other containers to transport food items. More information is available by phoning the Well’s office at 760-656-8905. The Well also offers hot lunches Monday through Friday at 11 AM and 1 PM at various locations throughout the city. A complete schedule of those services is available here.
INDOOR MARKET: The Palm Springs Certified Farmers’ Market is open Saturdays from 8 AM until 12:30 PM and has moved indoors for the summer. The market is located inside the Palm Springs Pavilion, 401 S. Pavilion Way.
FLEA MARKET: A flea market and food fest is held Saturdays in September at 675 Crossley Rd. from 8 AM until 2 PM. Information can be found here.
GENEALOGICAL SOCIETY: “Using Collaborative BIG Family Trees” is the topic Saturday as the Palm Springs Genealogical Society meets via Zoom. The meeting kicks off at 9:30 AM and features guest speaker Randy Seaver, former president of the Chula Vista Genealogical Society. To register for the event, please email Sondra Lucas at email@example.com.
SING-ALONG: The Palm Springs Cultural Center, 2300 E. Baristo Rd., and Palm Springs Gay Men’s Chorus are collaborating for nine weeks on “The All Summer Long Snazzy Sassy Songsational Summerific Sing-A-Long” every Saturday through September 11. A social hour is held at 6 PM and screenings start at 7 PM. Tickets are available here. Rosemary Galore is the mistress of ceremonies each week, encouraging the audience to sing and join in the fun.
T-DANCE: Oscar’s in downtown Palm Springs hosts its weekly T-Dance starting at 5 PM on summer Sundays and 4 PM in the winter. The first 100 people receive free admission. On the first Sunday of the month, the DJ will be Chi Chi LaRue. On other Sundays, house DJ Mr. Bob Scatch provides the music. Oscar’s is located at 125 E. Tahquitz Canyon Way.
END OF ‘SUMMER-ISH’: The Palm Springs Cultural Center, 2300 E. Baristo Rd., and pop-up food sensation Biscuit & Counter are inviting the public to celebrate the end of summer-ish on Sunday. Between 9 AM and 12 PM you can grab some food and dine indoors or outdoors. At 12 PM, you can watch a free screening of the classic Joan Crawford vs. Bette Davis thriller What Ever Happened to Baby Jane.
BRUNCH: Multiple venues offer drag brunch, champagne brunch, and more on weekends. View a complete list here.
LIVE MUSIC: Many live music events are posted on this Facebook page, maintained since 2015 by two Palm Springs residents.
MOVIE TIMES: The Regal Theater, 789 E. Tahquitz Canyon Way, and Camelot Theatres, 2300 E. Baristo Rd., offer first-run, fine art, independent, and foreign films in Palm Springs. Showtimes for the Regal are listed here. Showtimes at Camelot are here.
HUNGER ACTION: Hunger remains at critical levels in California, exacerbated in the desert by prolonged unemployment, record heat waves, and the end of unemployment benefits. FIND Food Bank is engaging with the public through fundraising and awareness events this month in an effort to leave no local resident hungry. Multiple Palm Springs businesses are joining in the efforts. For more information on all local events this month, go here.
VOTING OPEN: Our partners at The Coachella Valley Independent have started the process of determining the best of the best in the Coachella Valley for 2021-2022 and need your help. Nominations are currently being accepted via fill-in-the-blank voting through September 13. After that, the top vote-getters in each category move on to the final round of voting, and winners are announced on November 22. To nominate a business or person in any one of multiple categories, start here.
FILM FESTIVAL: All-access passes, six-packs, and individual tickets are now on sale for Cinema Diverse: The Palm Springs LGBTQ+ Film Festival, held September 16 through 30 at the Historic Camelot Theatres at the Palm Springs Cultural Center, 2100 E. Tahquitz Canyon Way. This year, Cinema Diverse is offering a multi-platform experience with films available virtually and at the theater. Complete information about tickets for this year’s event can be found here. Sponsorship opportunities can be found here.
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