Palm Springs, California is a wonderful place to live. The weather is warm and sunny all year long, the area is full of gorgeous mountains and lush green canyons, and there are plenty of fun things to do for people of all ages.
If you’re thinking about moving to Palm Springs, then you’ll certainly want to know how much it will cost before you make the move. Knowing Palm Springs real estate prices can help you budget appropriately for your new life in Palm Springs.
Factors that Determine Palm Springs Real Estate Prices
Location
The first step in determining how much you will pay for a house is understanding where you want to live in Palm Spring. There are several different neighborhoods in Palm Springs each with their own unique characteristics and price points.
Some neighborhoods like Downtown Palm Springs have lots of character while others like Tahquitz Canyon have less amenities but more privacy and desert views.
Type of Home
The next step is figuring out what kind of house or condo you want to buy. There are dozens of different styles available from single-story contemporary ranch homes to multi-level modern condos which you can see more here.
There are also many different sizes from 1 bedroom condos all the way up to 7 bedrooms and 8 bathrooms on sprawling estates with swimming pools, tennis courts, private garages and even guest houses.
Schools
Schools in Palm Springs tend to be excellent compared to other cities in California, so this can play a role in determining home prices. However, finding a house that fits your family’s needs may mean sacrificing proximity to good schools if you’re not willing to compromise on other necessities such as location or square footage.
Age of the Property
The age of a property is an important factor in determining its value. A home that has been recently renovated or remodeled will likely have higher resale value than one that hasn’t been updated in years.
Homes built after 2010 tend to be better insulated and more energy efficient than older homes. However, newer homes are more expensive to build, resulting in higher construction costs for buyers who want new construction.
How Good Your Real Estate Agent is
A good real estate agent can make all the difference when it comes to buying or selling a home. If you’re in the market for a new home, you’ll want to find an agent who’s knowledgeable about the area and knows what will work for you and your family. An experienced real estate agent will know the area well enough to help you find something that fits your budget.
The Bottom Line
Palm Springs is an affordable place to live. If you’re looking for a home in Palm Springs, there are many options available. There are beautiful homes that can be purchased by first time home buyers and those who have more money to spend on their dream home.
Partnering with a good real estate agency will help you find homes within your budget that fit all your needs and wants.
