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by Paul Kaplan
on Monday, April 18th, 2016 at 10:02am.
As the median price for a single family homes increased to $555,000 in Palm Springs, the condo real estate market has strengthened. From January 2016 to March 2016, condo median prices have increased on average approximately 10% per theMLS.com, the desert's Multiple Listing Service. Condos are selling faster too- the average days on the market in January was 53 days; at the end of March the average days on the market was 42 days. The median price for a condo in Palm Springs in March, was $227,000.
According to Zillow, condos are appreciating faster than single-family homes in real estate markets across the United States. Zillow says condos appreciated at an annual rate of 5.1% last year. Condo values outpaced house values the most in New York City metro area, Dallas, Houston, Boston and Denver.
The Paul Kaplan Group has been specializing in Palm Springs' Condo and Townhome sales for almost 20 years. We're local experts and know many of the condominium communities & features intimately. Condos are a great option for full time, vacation home or investment ownership. For more information on Condominiums for sale, please visit us here or call us at 760-459-1396 to speak with one of our Condo Specialists.