Market Report | Palm Springs Real Estate

The report is a guide to the luxury real estate market in North America. It provides an overall analysis of trends and showcases comparative data on the top-residential markets throughout Canada and the United States. This month’s report showcases the market statistics for North America month over month as well as the 13-month trend. It also provides more in-depth statistics about Greater Palm Springs.

In this report, we review the previous year’s market in conjunction with the current market predictions for North America’s (US and Canada) luxury real estate. In a snapshot of 2021, despite the devasting effects of the coronavirus pandemic, the luxury real estate market has seen one of its strongest years since 2008. We compare the predictions of experts in early 2021 and discover which held firm and which trends saw dramatic changes.

The luxury real estate market’s initial resilience in the second quarter of the year surprised many in the industry, who had anticipated at the onset of the pandemic that the market would see a sharp downturn. Discover the factors that were not only instrumental in preventing this downtown but were actually responsible for turning the tide and why the luxury real estate market, in particular, was the benefactor.

What are experts predicting for 2022? Will the single-family market in suburban and exurbia locations continue to see this unprecedented demand, and what’s in store for our metropolitan cities? For homeowners looking to sell or buy their luxury home in today’s market, they recommend working with a Realtor who can provide you with critical knowledge about your local market, maintain a high level of security during the transaction, and knows how to leverage technology to provide maximum exposure and assistance. Bernal-Smith Group is that Realtor Group.

January 2024 Desert Housing Report

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Bernal-Smith Group

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(310) 383-2466

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73545 El Paseo Ste 2504 Palm Desert, CA 92260 Lucio Bernal | CA DRE #01236217 Jon Smith | CA DRE #01959566

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