Considering Palm Springs Houses for Sale and Why To Buy
Palm Springs is a world renowned resort town and has a lot to offer home-owners. Contrary to popular belief this city is really a moderately economical town in California where you can purchase your dream house. That’s not saying that we don’t enjoy visits from some of the wealthiest and famous people worldwide. I am just stating the case that Palm Springs is uniquely appealing to any taste. From a young college grad who wishes to move into his very first condominium to a well-off business person who desires to golf all winter and live behind the seclusion of a guarded gate. We have almost everything.
According to City-Data.com the average cost of residences on the market here in 2008 was $331,309. For the exact same time period the median house selling price in the all of California was $467,000. That is a savings of nearly 30% to reside in a top notch resort community.
If you are searching for Palm Springs houses for sale there are a few conditions you ought to know in order to comprehend price differences and the reason there can be such a difference in the prices based on the kinds of housing offered 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 merely $277,867. If you examine 2-unit structures such as duplexes, the price per home was $314,573. Tri- and Quad-plexes at the same time could have cost a buyer about $235,564 and homes with 5 plus units would have cost $193,221 on average.
According to the price levels previously mentioned, you may see that when looking at Palm Springs houses for sale, the kind of house you are shopping for can dramatically influence just how much you will have to shell out in Palm Springs. The a lot of units in an exceedingly development the less you may ought to obtain your house. If you prefer a conventional home without attached walls you certainly will pay more than you would for any structure that is attached to others.
On top of that, when pondering Palm Springs houses for sale, due to the makeup of the area, you can find homes well into the millions. As of September 30th, 2010 the most expensive Palm Springs house for sale is “The Elrod House” and is currently being marketed at $13,890,000.00. This astonishingly high-priced home is also one of the most architecturally significant buildings on this planet. This home is visible on the south ridge from nearly anyplace in the city of Palm Springs. A fascinating fact about this home is that it was seen in the 1971 James Bond film “Diamonds are Forever.”
To swing the price scale the other way, you can get a manufactured home for as little as $24,990. That is an amazing price spread. The lowest priced residential home in the area costs less than 2/10ths of 1 percent of the cost of the priciest dwelling available for purchase in our town. This city truly has things for anyone.