Palm Desert Median Home Price - $297,000 Average Home Price $408,789

Palm Desert Median Condo Price - $212,000 Average Condo Price $228,496

Mortgage Rates: 30 Yr. Fixed 3.87%
15 Yr. Fixed 3.19%
1 Year adjustable 2.71%
30 Yr. fixed Jumbo 4.40%
5/1 ARM 2.86%
3/1 ARM 2.80%

CANADIAN DOLLAR IS WORTH $0.9947 US

January 30, 2012

NUMBER OF HOMES FOR SALE VS. SOLD/PENDING
OCTOBER 2010: FOR SALE: 443 SOLD: 48 PENDING 53
DECEMBER 2011: FOR SALE: 430 SOLD: 50 PENDING 43

AVG. PRICE PER SQUARE FOOT
OCTOBER 2010 $200
DECEMBER 2011 $177

AVG. PRICE FOR SALE AND SOLD
OCTOBER 2010 FOR SALE: $712,000 SOLD: $394,000
DECEMBER 2011 FOR SALE: $707,000 SOLD: $326,000

AVG. DAYS ON MARKET
OCTOBER 2010: 96
DECEMBER 2011: 77

MONTHS OF INVENTORY
OCTOBER 2010 10.8
DECEMBER 2011 8.6

JANUARY 30, 2012