Palm Springs has amazing weather, excellent shopping and dining, and some fantastic museums and art galleries. Palm Springs is an area that people visit and then dream about what it would be like to live there full-time. Whether you make the move or decide that the area is a great investment opportunity, you'll want to consider timing in your strategy to move forward and purchase a property. Over the last five years, the median sales on property in the Palm Springs area has almost doubled, even though the amount of homes sold fluctuates year over year. The prices in the area are strong and the number of people interested in Palm Springs property is definitely on the rise. These home buyers know a good thing when they see it!
When considering the timing of your Palm Springs real estate purchase, is there a better day, month, or time of year to buy a home? The real estate market tends to slow down in the summer months, as this is the hottest time of the year in Palm Springs. This is something to consider if you are concerned about the amount of time your listing sits on the real estate market. Saying that, a property that is priced right and presented immaculately will sell much faster than an over-priced property that has seen better days. Let's take a closer look at the best times to buy a home in the Palm Springs real estate market.
What is the Best Day of the Year to Buy a Palm Springs Home?
There are a couple of good days to buy a home in almost any area of the country. These days are Christmas Day and Easter. The main reason for this is the lack of competition! Have you ever thought about buying a home on either one of these days? Probably not, as you are too busy spending time with friends and family. Sellers also feel caught off guard and are more likely to settle faster to get back to their festivities. This can also be said for other holidays, but statistically these two days are the best days to buy your home. Timing also has to work in your favor, as you need to find a home that you actually want during in and around one of these very special days. We know it's possible!
What Is The Best Month To Buy A Palm Springs Property?
The best month to buy a home in Palm Springs is going to be August or November. The Palm Springs real estate market slows down in the summer and August is one of the slower months for real estate transactions. November is also typically a slower month as people are focused on the holiday season that is coming up. Both months are great times to put in offers on some fantastic properties. However, if you do find your dream home and absolutely fall in love with it, then regardless of the month, you should purchase it as chances are someone else will also fall for it and buy.
What Is The Best Time Of Year To Purchase Palm Springs Real Estate?
As with most areas in the country, the best time of year to sell Palm Springs real estate is the spring. This means from about April to June is when there's the most activity in the market. There's also the most selection of homes on the market as many people wait until the spring to list or buy property. You may see more homes to buy but you'll also have more competition to deal with. This means sellers will get better pricing for their homes, which is not the greatest for you as a buyer! Since the market slows down in the summer months, this is when you want to get out and start buying your home. Spend some time understanding the areas and types of homes you want to buy, so when the summer hits you are ready to buy!
Another good time of year is the end of October into December when everyone starts thinking about holidays and homes are pulled off the market until after the season is complete. This slow time is your gain, as the ones currently on the market are the ones that more than likely need to sell regardless of the upcoming holidays. If they have had their house on the market for a while, then you can put in a strategic offer that may not be accepted in hotter markets in the springtime. Either way, you should talk to the Ron Parks team about market trends and the type of property you are interested in.
If you want the best team behind you when you are negotiating the a deal on your Palm Springs real estate transaction, then it is definitely worth your while to contact Ron Parks today.