While detached home prices in Palm Springs saw a slight dip in February, the city ranks second in total sales and boasts some of the fastest selling times in the Coachella Valley.
The latest housing report shows inventory dipped slightly year-over-year, but the city recorded the lowest average selling time in the valley at just 42 days.
Detached home prices here fell 5% year-over-year to $1.13 million in December. Attached home prices fell 5% compared to the year before, with an average price at about $425,000.
Officials attribute growth to increased demand for Coachella Valley as year-round destination, with five all-time monthly records set during the year.
Housing inventory is up and prices are down. Though analysts say much of that is seasonal trends, year-over-year data put the trends in context.
The work will shape urban connections, branding and future upgrades as part of a $135 million convention center modernization.
Last month, Palm Springs saw slight price declines with homes taking longer to sell and selling for a bigger discount, plus higher unit sales and an increase in inventory.
The denial means a Grit Development company must pay prevailing wages to construction workers on the project that transformed the former Desert Fashion Plaza site into a mixed-use development.
The latest Desert Housing Report shows median detached home prices dropped nearly 1% while days on market increased to 60 days.
The second edition of BizUp Palm Springs begins the week of Aug. 18. It offers free bilingual business training, along with personalized coaching and mentorship.
H3K Design, an adjacent business at the intersection of Ramon Road and South Palm Canyon Drive, also recently relocated.
The pedicab operators say they can't find an insurance company that will cover them under current city rules and definitions.
