Palm Springs Area - (Palm Springs, Cathedral City, Rancho Mirage, Desert Hot Springs, Palm Desert, La Quinta, Indio, Bermuda Dunes)
| Type | Total Inventory | Pendings | New Listings | New Listings/Sales Ratio | Sales As Percent Of Inventory |
|---|---|---|---|---|---|
| Single Family Homes | 5405 | 233 | 1080 | 4.6 to 1 | 4.3% |
| Condos | 1849 | 81 | 354 | 4.3 to 1 | 4.4% |
| Multi-Family | 216 | 5 | 26 | 5 to 1 | 2.3% |
Total inventory increased by 5%. Pendings increased by 28% over last month. Even though this sounds good, sales are down 40.6% last year at this time, according to California Association of Realtors statistics.
The statistics for multi-family reflect a HUGE improvement, however the actual numbers are so small a few sales change the percentages dramatically. This is the same thing I keep harping about... when looking at statistics in the current real estate climate, view the actual numbers as well as the percentages.
Riverside-San Bernardino is #3 in foreclosures in the United States. The Coachella Valley has 12% of the total foreclosure filings for Riverside County.
Hi, I'm Jeannie. For over 25 years I've helped investors make money in markets both good and bad. 
