Family & Relationships Family & Relationships

Explaining Palm Springs Houses for Sale

Palm Springs is a world renowned resort town and has a good deal to offer home owners. Contrary to popular belief Palm Springs is really a rather cost effective part of California in which to purchase a residence. That's not to say that we do not enjoy appearances by some of the wealthiest and renowned people on the planet. I am just stating the case that Palm Springs is uniquely suitable for any taste. From a young college graduate who needs to move into his very first condo to a affluent business person who wishes to golf all winter and live behind the privacy of a secured gate. We have it all.

According to the average cost of homes for sale in Palm Spring in 2008 was $331,309. For the same timeframe the median house price for all of California was $467,000. That is a savings of nearly 30% to reside in a first class resort spot.

If you are interested in Palm Springs houses for sale there are a few conditions you should know so that you can fully grasp price differences and the reason there may be such a difference in the prices based on the choices of housing on the market in the town of Palm Springs. In 2008 the average price of a detached house was $547,641 while condos or other attached units averaged only $277,867. If you check out 2-unit structures such as duplexes, the price per unit was $314,573. Tri- and Quad-plexes at the same time would have cost a buyer about $235,564 and condominiums with 5 plus units would've cost $193,221 on average.

Based upon the prices previously mentioned, you'll be able to see that when looking at Palm Springs houses for sale, the kind of real estate you are searching for can considerably influence just how much you will have to shell out in Palm Springs. The more units in a development the less you will have to pay for your residence. If you would like a classic real estate devoid of attached walls you'll pay more than you would for a structure that is attached to others.

On top of that, when taking into consideration Palm Springs homes for sale, due to the character of the area, you will find homes well into the millions. At the time of September 30th, 2010 the most high-priced Palm Springs house for sale is "The Elrod House" and is currently being marketed at $13,890,000.00. This extremely pricy home is additionally one of the most architecturally significant properties in the world. This home is visible on the south ridge from nearly anyplace in the city of Palm Springs. An interesting fact about this home is that it made an appearance in the 1971 James Bond film "Diamonds are Forever."

To swing the price scale the other way, you can acquire a manufactured home for as little as $24,990. That is a large price spread. The lowest priced residential home in the area costs less than 2/10ths of 1 percent of the cost of the priciest house for sale in Palm Springs. This city truly has things for everyone.

Leave a reply