The Market Pulse — Our 4th Quarter Breakdown for Palm Desert + Rancho Mirage

Each quarter we will bring our readers neighborhood data on Rancho Mirage and Palm Desert about recent notable sales, changes in the average home prices, a break down of what types of property sold, what was on the market, and more. See below for further details inside our Q4 2018 Market Pulse.

The fourth quarter of 2018 saw the average Rancho Mirage single family home price fall 15.4% while the price of condominiums rose 19.5% as compared to Q4 of last year. With the high season in full swing, the Coachella Valley is experiencing low inventory and Zillow predicts home prices will rise 1.7% within the next year*. The rise in interest rates, which signal a strong economy, is predicted to continue and rates are still considered relatively low. There is continued interest, activity, and people who want to make a move in 2019. We are here to help and would love to earn your business!

Single Family Homes

Condominiums

The fourth quarter of 2018 saw the average Palm Desert single family home price rise 12.6% and the price of condominiums rise 15.4% as compared to Q4 of last year. With the high season in full swing, the Coachella Valley is experiencing low inventory and Zillow predicts home prices will rise 8.6% within the next year*. The rise in interest rates, which signal a strong economy, is predicted to continue and rates are still considered relatively low. There is continued interest, activity, and people who want to make a move in 2019. We are here to help and would love to earn your business!