Bennion Deville Homes

Market Minute Update

5/14/2026

Market Minute Update: News You Can Use

A Spring Market Shift Favors Palm Springs Area Buyers

The News:
A Spring market shift around the Palm Springs area favors buyers with opportunities. It is not surprising that a combination of economic and political uncertainty is impacting sales and pricing. According to the latest Desert Housing Report from the Greater Palm Springs Realtor Association, April’s median price of a detached home in the Coachella Valley rang in at $690,995, which is a 4.6% decline year-over-year. I follow the Multiple Listing Service stats daily. What I am seeing is an increase in new listings and more price decreases from sellers willing to consider offers below the asking price from serious buyers.

My Take:
If you're a contrarian, past market activity shows this may be the time to move forward while other buyers are in “wait and see” mode. Expect less competition over the next several months, as negotiating power shifts to buyers who are ready to buy. Palm Springs buyers are in a strong position, as the median price of the average-sized detached home has declined 14.6% over the last 12 months. If condominium and golf communities appeal to you, then Palm Desert, with an abundance of lovely condos, is worth looking at, as the median price there for an attached home fell 5.8 % in the last 12 months.

Bottom Line:
People continually ask, “When is a good time to buy?” The best time to buy is a combination of what is the right timing for your life, combined with market conditions. Currently, I am seeing market opportunities at this present moment in time. That of course, can and often does change in a blink.

Please contact me if you are buying or selling, would like to work together, or just want to chat about the market. Look for the next Market Minute Update for real-time market news you can use.

Ellen Paris

ParisSellingPalmSprings
Bennion Deville Homes-Paul Kaplan Group
760-413-0471 - DRE# 02182673 - ellenparis.bdhomes.com

Market Minute Update

4/2/2026

Market Minute Update: News You Can Use

Palm Springs Area Cash Buyers Can Leverage Their Buying Power in the Current Market

The News:
Palm Springs area cash buyers can leverage their buying power in the current market. With interest rates recently rising again, the adage “Cash is king” could not be timelier. Sellers want to know that a buyer can close the sale smoothly. Buyers needing to finance and obtain a loan cannot offer the same assurance. When time is of the essence, cash buyers can perform and close the transaction quickly. Sometimes, sellers may choose to go with a cash buyer with a lower-priced offer over a buyer who is financing.

My Take:
That is not surprising as lender guidelines are becoming even stricter, especially in older single-family and condominiums. As the Palm Springs housing stock ages, lenders pay attention to the age of roofs, electrical systems, wildfire and flood zones, homeowner insurance coverage, and HOA special assessments. It is estimated that 60% of all buyers around the Greater Palm Springs market are cash buyers.

Bottom Line:
Sellers like an all-cash offer with fewer hurdles to take the transaction to the finish line. Note to cash buyers: Make your best offer initially to establish yourself as a serious buyer that sellers pay attention to. Do consider that a cash offer delivers its own valuable currency to sellers.

Please contact me if you are buying or selling, would like to work together, or just want to chat about the market. Look for the next Market Minute Update for real-time market news you can use.

Ellen Paris

ParisSellingPalmSprings
Bennion Deville Homes-Paul Kaplan Group
760-413-0471 - DRE# 02182673 - https://ellenparis.bdhomes.com

Market Minute Update

3/6/2026

Market Minute Update: News You Can Use

What Today's Buyers Want in the Palm Springs Area Market

The News:
Buyers are out and actively looking for homes around the Palm Springs area. Open houses in premier neighborhoods from Palm Springs to La Quinta are seeing "good traffic." Asking prices of million-plus properties aren’t deterring those cash buyers looking to take their equity from larger homes they have owned for years and invest here.

My Take:
I'm seeing more serious buyers than a year ago. Retired snowbirds from around the country and second home buyers from the drive markets of Los Angeles, Orange County, and San Diego are looking for highly upgraded, renovated, and move-in-ready homes, whether single/family or in gated communities.

Bottom Line:
The Palm Springs area continues to retain a unique allure, attracting people from all parts of the country and beyond. Buyers, especially cash buyers are able and willing to pay close to asking prices for their dream desert home.

Please contact me if you are buying or selling, would like to work together, or just want to chat about the market. Look for the next Market Minute Update for real-time market news you can use.

Ellen Paris

ParisSellingPalmSprings
Bennion Deville Homes-Paul Kaplan Group
760-413-0471 - DRE# 02182673 - https://ellenparis.bdhomes.com

Market Minute Update

2/13/2026

Market Minute Update: News You Can Use

How Snowbirds Impact the Palm Springs Area Market: Ten Percent of Detached Homes Are Selling Above Asking Price

The News:
The snowbirds are here in full force. At all the open houses I have hosted since the New Year, snowbirds hailing from Seattle, Chicago, Minnesota, Wisconsin, and Oregon have been out looking at both condos and single-family homes. Many are renting here for several months, intent on buying before they head back home in April or May. No doubt their presence is impacting the market. Dollar sales in January increased to $495 million, compared to $478 million last January.

My Take:
Given strong snowbird activity, it is no surprise that 10% of detached homes are selling above asking price, according to the latest Greater Palm Springs Desert Housing Report. The average selling time for homes in Palm Springs declined to 42 days. The City of Rancho Mirage rang in at just 43 days.

Bottom Line:
The greater Palm Springs Area continues to be quite desirable and appreciated for all its unique attributes. Home prices here are still considerably less than those in other Southern California markets, including San Diego, where in early 2026 the median price was running around $970,000.

Please contact me if you are buying or selling and would like to work together or just want to chat about the market. Look for the next Market Minute Update for real-time market news you can use.

Ellen Paris

ParisSellingPalmSprings
Bennion Deville Homes-Paul Kaplan Group
760-413-0471 - DRE# 02182673 - https://ellenparis.bdhomes.com

Market Minute Update

1/6/2026

Market Minute Update: News You Can Use

Looking Ahead for Buyers & Sellers at the 2026 Palm Springs Area Market

The News:
In 2026, serious buyers will have more opportunities as motivated sellers come to market. Key buyers continue to be the “feeder” markets of Los Angeles, San Diego, and Orange County. Buyers from the Seattle and Portland areas continue to find value and appeal in vacation home ownership in the Palm Springs Area, a desirable destination for investment. Look to Mid-West Snowbird buyers to write offers for their dream home in the Sun. It’s doubtful Canadians will return in 2026. The United States’ current political climate, coupled with a weak Canadian dollar, appears likely to remain in play as 2026 kicks off, keeping those Canadian buyers away.

My Take:
Look to sellers to list their homes at more realistic asking prices. Cash buyers will continue to retain a competitive edge as sellers, now more than ever, are more likely to negotiate with those all-cash buyers, with strong offers. As sellers come to market with more realistic pricing, expect asking price to selling price discounts to remain low, depending on the individual property.

Bottom Line:
Expect to see open house activity pick up by mid–January as the Snowbirds arrive in droves. Updated and upgraded remodeled homes will continue to be in demand for buyers who want move-in-ready homes to enjoy all the Palm Springs area offers.

Please contact me if you are buying or selling and would like to work together or just want to chat about the market. Look for the next Market Minute Update for real-time market news you can use.

Ellen Paris

ParisSellingPalmSprings
Bennion Deville Homes-Paul Kaplan Group
760-413-0471 - DRE# 02182673 - https://ellenparis.bdhomes.com

Market Minute Update

12/22/2025

Market Minute Update: News You Can Use

Year-End Roundup: 2025 was a bumpy road for Palm Springs Area Buyers and Sellers.

The News:
In the first four months of the year, more Palm Springs area sellers listed their homes, creating solid inventory, a bright spot for serious buyers. A considerable number of Canadian homeowners left the area, listing their homes for sale in the first quarter of 2025. Couple that with Canadian buyers who decided 2025 was not the year to invest their dollars here in the Coachella Valley. Although Canadians aren’t a huge part of the market, they are still a significant force here. In November, according to the latest numbers from Bennion Deville Homes, 499 homes “exchanged owners” in the Greater Palm Springs Area. That’s a 6.6% annual sales increase compared to November 2024.

My Take:
By summer, sellers who were not seeing much activity despite price reductions decided to take their homes off the market during the long, hot summer. There were some bright spots on the landscape. The median price of a detached home in the Coachella Valley at the end of November, according to the Greater Palm Springs Realtors Association’s latest Desert Housing Report, rang in at $644,776, less than a 1% decline from a year ago.

Bottom Line:
Indian Wells enjoyed a year-over-year 17% price gain on detached homes at the end of November. Indian Wells also has the lowest days on market at 46 days. As we head into 2026, it appears the Greater Palm Springs market has a unique resilience, focusing on the special place it is, for primary residences as well as vacation homes.

Please contact me if you are buying or selling and would like to work together or just want to chat about the market. Look for the next Market Minute Update for real-time market news you can use.

Ellen Paris

ParisSellingPalmSprings
Bennion Deville Homes-Paul Kaplan Group
760-413-0471 - DRE# 02182673 - https://ellenparis.bdhomes.com

Market Minute Update

11/6/2025

Market Minute Update: News You Can Use

Palm Springs Area Cash Buyers Can Leverage Their Buying Power in the Current Market

The News:
Palm Springs area cash buyers can leverage their buying power in the current market. The adage Cash is king could not be timelier. Sellers want to know that a buyer can close the sale smoothly. Buyers needing to finance and obtain a loan cannot offer the same assurance. When time is of the essence, cash buyers can perform and close the transaction quickly. Sometimes, sellers may choose to go with a cash buyer with a lower-priced offer over a buyer who is financing.

My Take:
That is not surprising as lender guidelines are becoming even stricter, especially in older single-family and condominiums. As the Palm Springs housing stock ages, lenders pay attention to the age of roofs, electrical systems, wildfire and flood zones, homeowner insurance coverage, and HOA special assessments. It is estimated that 60% of all buyers around the Greater Palm Springs market are cash buyers.

Bottom Line:
Sellers like an all-cash offer with fewer hurdles to take the transaction to the finish line. Note to cash buyers: Make your best offer initially, establishing yourself as a serious buyer that sellers pay attention to. Do consider that a cash offer delivers its own valuable currency to sellers.

Please contact me if you are buying or selling and would like to work together or just want to chat about the market. Look for the next Market Minute Update for real-time market news you can use.

Ellen Paris

ParisSellingPalmSprings
Bennion Deville Homes-Paul Kaplan Group
760-413-0471 - DRE# 02182673 - https://ellenparis.bdhomes.com

Market Minute Update

9/19/2025

Market Minute Update: News You Can Use

Fall of 2025 Palm Springs Area Housing Market Is in Wait-and-See Mindset for Buyers & Sellers

The News:
The Greater Palm Springs Area market is in a “wait and see” mindset for both buyers and sellers. According to the latest Desert Housing Report from the Greater Palm Springs Realtors (GSPR), the median price of a detached home in the Coachella Valley rang in at $648,348. That is a very slight decline of -0.1% year-over-year. While attached condominiums and townhouses had a median price of $439,950, a slight decrease of 1.1%.

My Take:
As prices continue to hold around the Coachella Valley, buyers are waiting to see if those numbers will decline over the next few months. Since the Federal Reserve just announced the first rate cut since last December, buyers who are financing are also hoping for additional rate cuts as we head toward year-end. New inventory hitting the market has slowed over the past several months. Sellers are also in “wait-and-see” mode, hoping to see more buyers jump in as the “season” approaches, as snowbirds and visitors will soon be here. According to the Desert Housing Report, the percentage of homes selling over asking price was 10.7%, compared to 13.5% last year.

Bottom Line:
Buyers often ask me, “Is now a good time to buy?’ The answer is not one size fits all. If you are a second/vacation home buyer and paying cash, finding the right home at the right price point that fits your criteria is what’s most important. If you are retiring and moving to the Palm Springs area as your primary residence, priorities are different. Many retirees around the Coachella Valley will say after living here a year or so, “I wish we had done it sooner.” The Greater Palm Springs real estate market offers a robust variety of choices, from country club and golf communities from Rancho Mirage to Indio to lock-and-leave condominiums near downtown Palm Springs.

Please contact me if you are buying or selling and would like to work together or just want to chat about the market. Look for the next Market Minute Update for real-time market news you can use.

Ellen Paris – “I specialize in Next Chapters.”

ParisSellingPalmSprings
Bennion Deville Homes-Paul Kaplan Group
760-413-0471 - DRE# 02182673 - https://ellenparis.bdhomes.com

Market Minute Update

7/25/2025

Market Minute Update: News You Can Use

Summer of 2025 Palm Springs Area Housing Market Update: Selling Prices for Remodeled Homes Remain Close to Asking Prices.

The News:
Here’s the Summer of 2025 Palm Springs Area market report. Positive news as the long hot summer continues. Selling Prices for remodeled and updated homes remain close to asking prices. Key indicators of real-time market activity are “Price Premium/Discounts.” According to the latest GPSR (Greater Palm Springs REALTORS®) Desert Housing Report, detached homes around the Coachella Valley sold at a premium/discount ratio of 2.6% less than the asking price. While attached homes sold at a 3.2% discount from asking prices in June. The percentage of homes selling above asking price rang in at 11%. The result is a well-balanced market.

My Take:
Despite a seasonal slowdown and increased inventory, the median price of a detached home at the end of June was $695,000, remaining about the same as last June. Homes and condominiums, in desirable neighborhoods including country and golf club communities that are “move-in ready” with high-end finishes and well-done upgrades, remain in demand for discerning buyers from Palm Springs to La Quinta to Indio. Across price points, buyers looking for a retirement or second home want a move-in-ready property so they can easily enjoy all the Palm Springs area offers, come October and “Season.”

Bottom Line:
Compared to the San Diego housing market, which is showing a decline in home sales of 9% year-over-year, dollar home sales across the Coachella Valley dipped slightly in June, to $620 million compared to $625 million last year. Considering May’s median home price in San Diego was $900,000, it is not surprising homebuyers there are holding off on buying. Compare that price to the June median price of a detached home in the Coachella Valley at $695,000. When looking at other areas around Southern California, the Palm Springs area remains attractive with a unique five-star lifestyle.

Please contact me if you are buying or selling and would like to work together or just want to chat about the market. Look for the next Market Minute Update for real-time market news you can use.

Ellen Paris – “I specialize in Next Chapters.”

ParisSellingPalmSprings
Bennion Deville Homes-Paul Kaplan Group
760-413-0471 - DRE# 02182673 - https://ellenparis.bdhomes.com

Market Minute Update

6/4/2025

Market Minute Update: News You Can Use

Rising Inventory Nationwide and Across Greater Palm Springs Signals a Shift to a Long-Awaited Buyers’ Market.

The News:
According to the latest news report from Redfin, there are "nearly 500,000 more sellers in the market than buyers" around the country. That is the largest number of sellers compared to buyers since 2013.

My Take:
Yes, the national home buying market has taken a U-turn, now favoring buyers, it appears. How much exactly home prices will decline remains to be seen. No doubt, this is a good time for serious buyers to take advantage of opportunities. It is also a signal to sellers to consider if now is the right time to sell.

Bottom Line:
Please make no mistake, both buyers and sellers should be realistic about their expectations. Buyers: Updated and remodeled homes in in-demand areas will have less negotiating room. If priced realistically, they will still sell quicker than homes that "need work." Sellers: Despite the current market climate, pricing your home realistically is what ultimately sells it.

Buyers and sellers must have a meeting of minds in any market climate. The Palm Springs area remains vibrant and still "affordable " compared to the rest of Southern California, with the bonus of a five-star lifestyle.

Please get in touch with me if you are buying or selling and would like to work together or just want to chat about the market. Look for the next Market Minute Update for real-time market news you can use.

Ellen Paris - https://ellenparis.bdhomes.com/
ParisSellingPalmSprings
Bennion Deville Homes | The Paul Kaplan Group
760-413-0471
DRE# 02182673 | 01325548

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