PALM SPRINGS & PALM DESERT
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | APRIL 2018 Inventory
Sales
Luxury Benchmark Price 1: $1,015,000 $5,000,000+
0
$4,500,000 - $4,999,999
0 0
Total Inventory: 656
$4,000,000 - $4,499,999
0 0
Total Sales: 94
$3,500,000 - $3,999,999
0
$3,000,000 - $3,499,999
0
$2,500,000 - $2,999,999
0
$2,250,000 - $2,499,999
0 0
$2,000,000 - $2,249,999
0
3
Buyer's Market
3
Total Sales Ratio2: 14%
4 8
8
$1,750,000 - $1,999,999 $1,500,000 - $1,749,999 $1,400,000 - $1,499,999 $1,300,000 - $1,399,999
$1,200,000 - $1,299,999 $1,100,000 - $1,199,999 $1,015,000 - $1,099,999
76
12
108
12
60
6
100
9
128
10
130
10
54
9
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 2,999
$1,267,500
3
NA
12
116
10%
3,000 - 3,999
$1,289,657
4
NA
32
284
11%
4,000 - 4,999
$1,800,000
4
NA
29
196
15%
5,000 - 5,999
$2,675,000
4
NA
14
44
32%
6,000 - 6,999
$2,500,000
4
NA
5
10
50%
7,000+
$5,850,000
4
NA
2
2
100%
The luxury threshold price is set in July of each year by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's = up to 14%; Balanced = 15 to 20%; Seller's = 21% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. 1