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Foreclosure Auction Homes in Palm Springs, CA

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Living in Palm Springs, CA

Palm Springs, CA is a luxurious desert city known for its warm climate, mid-century modern architecture, and vibrant arts scene. The city offers a laid-back lifestyle with plenty of outdoor activities, fine dining options, and shopping districts. With easy access to public transportation and nearby airports, Palm Springs is an attractive destination for both tourists and new residents.

Current Market Conditions in Palm Springs, CA

The real estate market in Palm Springs is currently experiencing a surge in demand due to its popularity as a second home destination. With the remote work trend, more buyers are seeking homes in sunny locations, leading to a noticeable increase in home prices. Properties that offer outdoor space and mid-century modern designs are particularly sought after. The market is primarily driven by affluent buyers, which has resulted in a competitive landscape for those looking to purchase homes in this desirable area.

Home Value Estimator For Palm Springs, CA

There are currently 31,927 real estate properties in Palm Springs, CA, with a median automated valuation model (AVM) price of $609,327.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palm Springs, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palm Springs, CA, is $868,463.00, with the most expensive house in Palm Springs, CA, topping out at $54,977,528.00 and the cheapest home in Palm Springs, CA, clocking in at $12,974.00. In other words, there’s something for every potential homebuyer or savvy investor in Palm Springs, CA!

Rent Prices In Palm Springs, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palm Springs, CA, is on a rollercoaster ride. The average rent price in Palm Springs, CA, is $2,119.00. Indeed, when looking to rent in Palm Springs, CA, you can expect to pay as little as $660.00 or as much as $4,400.00, with the average rent median estimated to be $2,050.00. The good news is that finding an affordable and desirable property to rent in Palm Springs, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Palm Springs, CA Foreclosure Auction Homes


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