Palm Springs Real Estate Perspective

Although real estate in Palm Springs and the surrounding areas in the Coachella valley are not immune to recent developments in the mortgage market as well as the tightening of credit amongst lenders, banks, etc and the like, the Palm Springs Real Estate market has remained resilient. Not only are there new residential real estate developments that have been approved throughout the Palm Springs area, there are many proposed commercial developments such as the Hard Rock Hotel, a Mondrian Hotel product, The Ritz Carlton Hotel in Rancho Mirage as well as a proposed Neiman Marcus in Indian Wells. These additions will help Palm Springs Real Estate as jobs and tourism increase and visitors flock to the area to enjoy our Palm Springs lifestyle. The glass is half full as far as we are concerned.

Additionally, the Spa Hotel & Casino is being expanded in central Palm Springs and there are a record number of conventions booked at the Palm Springs Convention Center. Downtown Palm Springs Real Estate is finally beginning to be revitalized and lots of medical offices are going in on the North side of Palm Springs. The proposed "Museum Square" is under review by the City Council of Palm Springs and a new "wing" has recently been opened at the Palm Springs International Airport. At the gateway to Palm Springs and the road to the Palm Springs Arial Tramway two new real estate developments were passed named Crescendo and The Boulders.

The world has not stopped turning and people are buying and selling real estate in Palm Springs everyday.

Interested in buying or selling a home in the Coachella Valley area? Contact Patrick Stewart Properties.