Centered in the heart of the Coachella Valley, Palm Desert is known as the cultural and retail center of the desert communities. Rated as one of the safest cities in Southern California, the area of nearly 50,000 residents offers majestic mountain views, wide horizons and a near-perfect climate. Real estate options in Palm Desert consist of single-family homes, condominiums and townhouses as well as land property.
Rich in natural resources, Palm Desert sits between Joshua Tree to the north and the Santa Rosa and San Jacinto Mountains to the south. Situated just a few hours from major cities and airports, Palm Desert is blessed with 350 days of sunshine per year, sheltered from inclement weather by three mountain ranges. (more)
A haven of resorts, golf courses and spas, Palm Desert serves as a perfect vacation spot as well as a great place to call home. With the mild climate, outdoor enthusiasts can enjoy hiking, cycling or horseback riding along with guided scenic tours.
A balanced community, education in the Palm Desert area has boasted recent additions through California State University, San Bernardino and the University of California Riverside, Palm Desert campuses. With several events on the calendar year round, families can attend golf and tennis tournaments, the Art of Food and Wine Festival or the Summer of Fun outdoor series. Within Coachella Valley, events include the Coachella Music Festival, Riverside County Fair and the Kraft Nabisco Championship. Palm Desert provides the opportunity to enjoy the amenities of nearby metropolitan living, while experiencing the rural charm and quality of a small-town community.
Palm Desert, CA Real Estate Market: Price Range of Palm Desert Houses for Sale
Premier golf community estates, affordable properties and conventional vacation condominiums are part of the diverse real estate mix in Palm Desert. With a variety of housing options and low-cost industrial and commercial land, the majority of the population owns homes. Single-family homes in Palm Desert start under $300,000 and can go up to and above $3 million with dramatic mountain views, huge lots and exclusive amenities. Townhouses or condominiums are available in Palm Desert from the high $100,000s to $800,000. Land property has a wide range of acreage, topography and utilities present from the mid-$300,000s to $1 million and up.
"Anne M. Alexander : Your Real Estate Expert in Palm Desert, California"
Palm Desert Real Estate Stats and Trends for the week of May 23rd, 2019: homes priced around $536,551 compared to $539,331 the previous week, for a slight decrease of less than -1%. For Thursday, May 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.