COVID-19 could not stop the upward pressure on the median detached home price in the Palm Springs area. The median price for a single-family home in the Coachella Valley was $460,000 in July 2020, up 10.2% from the prior year. The biggest factor in rising prices is sellers taking homes off the market during the pandemic and causing price wars among buyers and here are 5 (Shocking) reasons to buy a house in Palm Springs.
1. One of the best resort destinations in the country to rent a vacation home, so you might as well live here!
Palm Springs is one of the best resort destinations in the country to rent a vacation home, according to TripAdvisor. The City was recently voted number five on the guide’s list of “Top 10 Best Destination for Vacation Rentals in the U.S.” according to a recent report.
2. You can jump into pool between conference calls or Zoom meetings
Many buyers are moving here from larger cities like Los Angeles and San Diego as they transition to working from home and are seeking a less dense, more affordable place to live. You can take breaks between conference calls or Zoom meetings and lay in the sun, take a swim in the pool, or relax in the Jacuzzi in your own backyard.
3. Love hot summers
Do you love heat? It does get warm in the summer (it is the desert, after all!). Palm Springs tied the record for its hottest July 31 in recorded history, topping out at 122 degrees. But that’s easily remedied by spending the day in the pool with an icy cocktail in hand. If you love heat, the dry – desert climate, this is the place to be. Our neighbor, who is a vacation homeowner, comes back here more often during the summer then any other time. During the winter months when much of the rest of the country is covered in snow, there is simply no better place to be.
4. Love the Architecture & Design and anything retro
Do you love art, architecture, and design? if so, you need to live in the Palm Springs area. It truly is a mecca of architecture and design, with the largest concentration of mid-century modern design in the United States. As the epicenter of all things mid-century modern, Palm Springs is the go-to destination for vintage shopping. There are many consignment stores like Misty’s in Rancho Mirage that are filled with many high quality, modern pieces of furniture, works of art, jewelry, and even books.
5. Golf and tennis and surfing, casino (Entertainment)
Home to nearly 125 golf courses, 90 tennis courts, 7 casinos there are no shortage of choice to play in the Palm Springs area. And in the near future we are going to have surfing resorts with artificial waves in Palm Springs, Palm Desert and Thermal. Consider it the new California Gold Rush as developers are planning to forever change the massive dry desert land of Coachella Valley, including the Agua Caliente Casino in Cathedral City, the Agua Caliente Cultural Museum and New Arena at Agua Caliente in Palm Springs, and a 12,000-seat indoor stadium and sports complex in Thousand Palms.
Are you thinking of buying a Property in the Greater Palm Springs area?
Don you have any (Shocking) Reasons to Buy a House in the Greater Palm Springs area? Leave a comment!